Alex's daily Market update & Focuslist - 02/27
The tech trade is taking shape
Good evening!
See PTMM’s section for my thoughts.
Cheers & have a good week!
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
Solid day in the broad market today.
MCSI picking up speed (trend accelerating)
Same for ST/MT/LT momentum + the 50d upside momentum
Price new ath and picking up speed there as well.
Everything is green, trending, and momentum is accelerating...this is a time to be patient with your position and let them work as we might get into a nice window of opportunity. Until we see the 5-day ratio >10, the 50d_momo in the 11/12% area, I remain bullish and waiting for red flags on pullbacks. So far so good!
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