** Prep for Morning Session**
MARKET CONDITIONSWorld Markets News: European markets are higher today. Asian markets finished broadly higher. This is a reaction to yesterday´s movement in the US. Before the open today, Initial Jobless Claims will be released.
Economic Calendar
SPY - Market has broken up it´s range and it is now in trend mode. If we go back below 157.25 and hold, this would be the only bearish scenario for today, where the bulls would be trapped, causing a selling panic. Usually after a strong day, neutral movement is expected, but overall the market is bullish. Target for this move is around 160.75 (current range projection up). Watch for the trend lines, cause momentum could be strong on the way up.
Bias: Bullish
Accuracy: 100%
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Updated at 8:30
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Read this before using the information provided in this page:
- Educational purpose material only. Use this information at your own risk
- Stocks may be added to the selection sheet at any time. They are used as a guide to select which stocks I will trade and set alerts . It does not mean that I follow all of them, that would be crazy.
- The Accuracy information is for my own use only. It is reviewed after I am done trading. This is just a way for me to measure how is my reading of the market and my confidence in it. I suggest you develop your own way to do this.
- The morning sheet will be updated between 8:00 and 9:00
- The afternoon sheet will be updated between 13:00 and 14:00
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