Alex's daily Market update & Focuslist - 04/25
MSFT, V & GOOG earnings - done! Next is META & BA tomorrow.
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GENERAL MARKET ANALYSIS
NASDAQ (NQ_F) Daily
Sentiment/Positioning:
All Sentiment/Positioning charts are from CrowdedMarketReport.com
Price Action Analysis:
NQ sliced through the 12949$ base level and the complete area as we closed at the 12811$ level, but following earnings, we reclaimed the 12949$ base top level and approached the 21dma on the futures following the positive reaction of MSFT earnings. See my Takeaways for further analysis of what we could expect tomorrow after that possible gap-up.
We know our levels, so let the market confirm the next move.
On the upside (bullish scenario),
The 13082$ level and the 10/21c reclaim would confirm an early confirmation of a bounce attempt. Then a 13331$ base breakout would confirm it.
On the downside (bearish scenario),
12811$ level has to hold. (today’s low)
S&P500 (ES_F) Daily
Sentiment/Positioning:
All Sentiment/Positioning charts are from CrowdedMarketReport.com
RUSSELL 2K (RTY_F) Daily
Sentiment/Positioning:
All Sentiment/Positioning charts are from CrowdedMarketReport.com
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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