Alex's daily Market update & Focuslist - 03/03
Strong week's close as major indices are at new high, and small-cap trying to breakout.
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
The market looks like it's switching gears, with breakout to new highs in NQ/ES, and RTY sitting right at the stage 1 base area for a major breakout unseen since the bear market started. On PTMM, We are seeing price to a new high, but also everything else picking up speed and making new highs.
Upside_momo (50d) making new high
PTHL accelerating & NNH making new high at 13%.
5-day ratio above 2 and trying to breakout of the last 2 month base.
MT_momo trying to turn higher.
MCSI switching greats and trend accelerating above the 10dma.
We'll see how it goes from here, but from what I see we might enter a more speculative and almost climatic period int he market. This is exciting if it materialize, but again we'll follow the action day by day, and follow our stocks, setups, and manage our risk with progressive exposure.
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