I’ll be riding the Gran Fondo Québec on August 15th, taking on the 122km route.
Gran Fondo Québec is a cycling event on open roads through the Quebec City region, bringing together riders of all levels. It’s not about racing, it’s about the challenge, the experience, and pushing yourself over a long distance.
This year, I’ll be doing it with a purpose.
I’m raising funds for Leucan, a Canadian organization that supports children with cancer and their families through financial assistance, emotional support, and essential services along the way.
If you’d like to support the cause, you can do so here:
https://journeeleucan.crowdchange.ca/112786/page/408050
Every contribution makes a difference, appreciate it 🙏
PrimeTrading is an equity SWING trading community to learn & trade alongside experienced traders. It's like sneaking into a trader's POD, where you can see us execute & discuss...but in ours, you can also interact and ask questions.
I would have killed for such an opportunity when I started trading! 🔥
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Alex's daily market commentary, Portfolio updates, trade explanations, and daily FocusList.
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Cheers, Alex 🛡️✌️
MARKET ANALYSIS
$QQQ PRICE ACTION
Daily in a UPTREND ABOVE RISING 21dma-structure. 3.54x ATR-21 ema, so ST extension remains.
I want to keep it simple in this kind of power trend. Don’t overthink every movement & extension. When there is a red flag or a structure break, it will be time to analyze the price action more deeply. Right now, it’s time to let that trend breathe above its rising 21dma-structure if it needs to.
Another new ATH… haha.
While QQQ remains very extended, it’s interesting to observe the way RSP (equal-weight SPY) sets up with a near-perfect cup & handle with a nice higher low to complete the right side at the rising 21dma-structure.
BREADTH $QQQ McClellan Oscillator/Summation (MCSI/MCO)
- MCSI UPTREND ABOVE RISING 10dma & NEUTRAL. (+0.42σ… lot of runway)
- MCO NEUTRAL. (+0.27σ)
Good breadth today, flipping MCSI back up above the rising 10dma. Breadth expansion is back-ish.
Same observation for RSP. MCSI is currently in a downtrend below the declining 10dma, but it is interesting that it has a double bottom bounce off the oversold condition on MCO. Broadening of the trend from here?
360° MARKET VIEW $QQQ TLMM Dashboard
MARKET INTERNALS
Credit Spreads (SHY/HYG)
DOWNTREND below a declining 21dma-structure - risk-on.
VIX (Volatility S&P500)
DOWNTREND below a declining 21dma-structure - risk-on.
#BTC (Bitcoin)
UPTREND above a declining 21dma-structure - risk-on.
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SECTORS & THEMES
Top 10 Leading THEMES - Relative Strength RANK sorted (W/ Leading & Setting up Stocks)
Top 10 Leading SECTORS - Relative Strength RANK sorted (W/ Leading & Setting up Stocks)
LEADERS STALKLIST
Liquid Leaders Universe (top RS)
SNDK, AXTI, BE, LITE, WDC, STX, MXL, MU, ONDS, AAOI, SATS, INTC, AEHR, CIEN, PL, AMD, NVTS, STM, VIAV, ON, TTMI, CLS, NBIS, TSEM, VRT, NVT, AVGO, MKSI, APLD, NOK, MRVL, FLEX, LRCX, AMKR, NXPI, MCHP, JBL, FORM, TXN, COHR, CRDO, TER, ANET, SMTC, TWLO, DOCN, AMAT, ROKU, GEV, DELL
Liquid Leaders sorted by 1-Day Return (top daily RS)
Liquid Leaders Episodic Pivot (EP) sorted by Gap (Potential new Leader/Catalyst)
DOCN, FSLY, MU
Liquid Leaders 21dma-structure Pullback scan (LONG)
PL, TER, GLW, ASML, ATI, EBAY, DAL, RMBS, CVNA, MDB, OKTA, CRM, ADBE
PORTFOLIO UPDATE
Hey guys!
Another green day... I’m telling you, there will be some red ones at some point, don’t get too used to it 😉 But let’s ride the trend while it last.
We have a picture-perfect again at close today... price/breadth/internals/LLs/PF...all risk-on and constructive action. While QQQ is extended and on the heated side, RSP have that perfect cup & handle look, with a higher low right at the rising 21dma-structure to complete the right side. Add a double bottom from oversold on MCO, and we could see a broadening of that trend... which seems hard to even think of given recent action. That’s why I added exposure outside of tech today, with DAL & CAVA, to capture that potential rotation &/or broadening.
NER rose to 1.21% as I added to CAVA and added DAL to PF. Open Heat at -13.92%, with a growing Open Delta of +23.89% on this market cycle. Risk is known and managed.
Cheers HAGN!
Today’s action:
NEW: DAL
ADDED: CAVA
TRIMMED: VRT (1.6R)
OUT:
SITUATIONAL AWARENESS, GAMEPLAN, and TOP IDEAS 05/5
THE MARKET PICTURE (5-pillars checklist)
QQQ Price Action (risk-on)
QQQ above a rising 21dma-structure. ST extended at 3.54x ATR from the 21-ema.
New ATH
RSP setting up a near-perfect cup & handle at 21dma-structure….broadening?
Lockout trend above the rising structure… keep it simple.
Breadth regime (risk-on)
MCSI is back in an uptrend above the rising 10dma.
MCO neutral
Internals (risk-on)
Credit Spreads & VIX are both in a downtrend below a declining 21dma-structure.
BTC is in an uptrend above a rising 21dma-structure.
Liquid Leaders action (risk-on)
Liquid Leaders acting strong, no red flags to report with still groups rotation keeping the LLs basket strong.
Semiconductors need a rest? Software looks ready to get that rotation.
O&G setting up?
Portfolio & NER feedback
Good traction in PF again today.
THE GAMEPLAN
Still in managing mode, I’m not looking to add meaningful exposure, just trimming into strength or adding to current positions like I did today.
Other than that, my focus remains to gradually lower my exposure to extensions going forward.
TOP IDEAS FOCUS LIST
Many software names look ready for a potential rotation. COP from O&G setting up if rotation into energy is your thing.
ATI interesting with XME setting up well.
NVDA right at the 21dma-structure, potentially a good spot for good R:R.
REFERENCES
PT Wiki Is Now Live!!
After weeks of building, writing, editing, and organizing... I’ve finally wrapped up the Free PrimeTrading Wiki. This is the central place where I’ve documented my entire swing trading system — the mindset, process, setups, tools, and how I actually execute.
If you’ve ever wanted a full breakdown of how I approach the market day in and day out, this is it.
What’s Inside:
Alex's Swing Trading System – full framework, entries, sizing, market timing
TradersLab Scans – the exact filters I use to build my Focus List
Trading Psychology Reflections – key mindset shifts and lessons
Glossary of Terms – clear definitions so we’re all speaking the same language
Education Articles – deep dives on Risk Management and Market Structure
Education Sessions – recorded walkthroughs: system, TLMM, process building
Tools – my Trading Journal + TradingView scripts (21dma structure, ATR extensions)
The only piece still missing is the Discord Onboarding section — it’ll be added in the next few days. This project is for you — to help you understand the why, not just the what. Let me know what you think.
https://traderslab.gitbook.io/primetrading
I really hope that you enjoyed it. If you did, please share it & hit the LIKE button so that more folks can be reached and this Newsletter can grow. :)