Market update & Focuslist - 09/02
Evening Market Update & Strategic Insights
Thought of the day
@BrocksStocks1
It's highs and lows in trading. At the highs, everything you buy works. At the lows, doesn't matter the entry, the tightness of risk, but you just get on a continuous losing streak.
Makes position sizing critical (small in drawdowns), (large in upswings).
It can be draining
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MARKET ANALYSIS
The market picture is at risk, so I’m keeping it light and defensive.
QQQE is below the 21dma-structure after breaking down from UTL → lower highs building; sellers in control.
10 < 21 < 50 DMA → moving averages are downtrend-aligned.
MCO (McClellan Oscillator) hooked back down after a neutral retest → re-acceleration of selling.
MCSI (Summation) is below a falling 10-DMA and accelerating lower → breadth deterioration remains broad.
Breadth extensions: contracting but not oversold → no washout yet; bounces are fragile.
Momentum indicators hooked down as well.
TLMM Model: regime = Correction.
Implications: Run lighter gross/net, keep hedges, and sell rips into the 10/21-DMA cluster.
What flips it: a breadth thrust, MCO > 0 with MCSI flattening/reclaiming its 10-DMA, and QQQE back above the 21dma-structure.
TLMM DASHBOARD NASDAQ
MARKET INTERNALS
Spike above daily structure - caution.
Spike above daily structure - caution.
10Y Bond Yields (TNX)
Downtrend below daily & weekly structures. All good.
/BTC (Bitcoin)
BTC made a nice move today, but all I still see is a rally into declining daily structure. Until we reclaim both the 21dma-structure, and range structure...we're still in a downtrend with LLs & LHs
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