Market update & Focuslist - 09/07
Evening Market Update & Strategic Insights
Thought of the day
I used to get shaken out by every normal reaction. (still do from time to time)
The trick was flipping the mindset, buying where I’d usually sell, leaning into the discomfort and emotional response instead of running from it.
Funny thing is, the trades that feel the worst usually end up being the best.
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MARKET ANALYSIS
We are still on our anticipation setup here for Nasdaq, with the breadth extension hook-up after an oversold condition, and MCO improving for the 4th day on Friday, despite an early-day shakeout.
Price is hanging at the declining 21dma, so we’ll need to see either a clear reclaim & push higher from here, or maybe some higher low being made to setup the reclaim.
Either way, we should have more confirmation as to whether MCSI confirms or not the hook-up.
One day at a time.
TLMM Model: regime = Correction. (but anticipation setup based on breadth hook-up from OS)
Implications: Run lighter, but test the market. Increase exposure if we get MCSI+Price confirmation.
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
Rejected at weekly structure. Good
Rejected at weekly structure. Good
10Y Bond Yields (TNX)
Downtrend below weekly structure with a breakdown confirmed.
/BTC (Bitcoin)
Still below weekly-structure, but the base top area holds.
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Sector breakdowns, focus setups with alert levels, fresh scans, my latest portfolio moves, and a look at the week ahead.
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