Alex's daily Market update & Focuslist - 04/24
Massive earnings this week... MSFT, V & GOOG turn tomorrow after-hours!
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GENERAL MARKET ANALYSIS
NASDAQ (NQ_F) Daily
Sentiment/Positioning:
Price Action Analysis:
NQ started the day very weak once again (surprise!) as we rejected the 13082$ level and drifted below the 21dma and close to a 12949$ base level retest. We found support again around noon and reclaimed the 21dma and closed just the the 13082$ level.
Big earnings starts tomorrow after-close with MSFT, V & GOOG 👇
Around 40%+ of the $SPX value reports, so buckle up. With last week's sideways action, the market was waiting on the earnings of these mega-caps & important companies this week before picking a side. It then confirms that these earnings will have an importance on the market direction, IMO.
We know our levels, so let the market confirm the next move.
NQ_F is above the 21dma - uptrend.
On the upside (bullish scenario),
The 13331$ previous swing high pivot will be the level to watch to confirm an upside continuation.
On the downside (bearish scenario),
12949$ level & 21dma has to hold.
S&P500 (ES_F) Daily
Sentiment/Positioning:
RUSSELL 2K (RTY_F) Daily
Sentiment/Positioning:
In the following sections of tonight’s letter, I’ll cover essential parts of my daily routine & preparation for tomorrow’s trading session.
✅ My overall current market Takeaways & GAMEPLAN for tomorrow
✅ My daily Focuslist, including setups, alert levels & explanation (LONG/SHORT)
✅ My Portfolio update
✅ Sectors Review
✅ Market Breadth & Internals
✅ Economic Calendar
✅ Prime Model spreadsheet (PT_database)
✅ Leaders list (technicals, fundamentals & potential TMLs)
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