Alex's weekly Market update & Focuslist - 03/17
Market showing weakness before FOMC meeting. Pivotal week.
Good evening!
Enjoy tonight’s weekly edition.
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
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 held well on Friday after a strong Thursday’s reversal action.
My model still shows a solid LT and even MT uptrend cycle, but the ST shows topping or healthy digestion action; we’ll know more this week, especially with FOMC, which should provide an important catalyst.
I am open-minded but defensive about the ST indicators, my recent position feedback, and the tech/semis action.
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