Alex's daily Market update & Focuslist - 12/26
HAPPY HOLIDAYS!
HAPPY HOLIDAYS!
As we wrap up another eventful year in the markets, let's take a moment to celebrate our collective journey, the gains we've made, and the lessons we've learned.
Here's to a season filled with joy, rest, and reflection. I wish you all a wonderful holiday season with family and a prosperous New Year. Keep trading smart! 🌟📈
A heartfelt thanks to all subscribers for your continued readership and loyalty throughout this eventful year. Your support means the world to me… Thank you!
I'd like to inform you that this week's report will be a bit more concise than usual due to limited time availability. Rest assured, it will still contain key insights and essential updates.
Thank you for your understanding and continuous support!
Thanks, Alex ✌️
Tonight’s daily report content
PrimeTrading Market Model #PTMM + Takeaways
General Market Analysis: NASDAQ - S&P 500 - RUSSEL 2K - OTHERS, including my daily levels & my bullish and bearish scenarios
Market Internals
Sectors & Themes Analysis
Daily Focuslist including setups, alert levels & explanation (long & short)
Leaders list + Scans (technicals, fundamentals & potential TMLs)
My Portfolio Update
Economic Calendar
PrimeTrading Market Model #PTMM + Takeaways
PTMM is on a GREEN market signal (🟩)
Key Takeaways:
GDB closed at +607, as we saw broad strength following the Christmas holiday.
MCSI + PTHL still in strong uptrend above ma
NNH coming back up after a quick PB
Price new 52w high
The power trend continues, with another strong day above all kma’s and breadth expension.
Momentum is still anemic, but we seem to build pressure for a potential thrust very soon. Tight ranges, 1-2 inside days on many strong names as we build pressure and getting very tight on the right side. I like what I see, but we’ll need to confirm it by price tomorrow.
With the trend well in place and PTMM on a GREEN signal, I focus almost exclusively on my PF positions and the setups of my FL. I control my risk at the PF level, and by using progressive exposure and raising my stop losses to increase my TOR (Total Open Risk) / reduce TOH (Total Open Heat), I’m able to capture opportunities in this type of lockout trend without being at risk of a massive drawdown.
One position at a time, taking trims to finance each position’s risk…and raise our SLs to capture the trend.
Our Stop Losses are there for when the music stops.
System Action/Rules:
LONG exposure allowed
FULL positions (20%)
Trimming 1/3 at 2R & 5R
Keeping 1/3 as a runner position
PF exposure max = 100% or margin
New open risk (NOR) > - 1%
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