Alex's daily Market update & Focuslist - 02/21
The broad market follow-through and the tech sector is ignited by NVDA earnings. What's next?
Good evening!
See PTMM’s section for my thoughts.
Cheers & have a good weekend!
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
Another solid day as we saw buying coming back after the last 2 day's pullback. I don't want to get ahead of myself, but based on price, breadth & momentum action, there is really the possibility that we are transitioning into a continuation breakout and potential new uptrend developing. The next few days will be important, but if we can make a new ATH here, the odds would greatly improve.
Price base breakout, with a shakeout that we just confirmed with a base level reclaim.
MCSI holding above 10dma and trying to trend
That 50d momentum just picking up from the 6/7% area which is the spot that every big runs starts.
Everything else just trending nicely.
One day at a time, but I like the look of that market picture!
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