** Prep for Morning Session**
MARKET CONDITIONSWorld Markets News: Asian markets finished lower today with shares in China leading the region. European markets are also lower today, with Germany leading the region. Markets are lower today. Important to notice that China and Germany are leading. The most strong economies leading the down move is very significant. Retail Sales (MoM) /Core Retail Sales (MoM) to be released today before market opens.
Economic Calendar
SPY - Yesterday´s move was very strong and as long we are above 157.25, today´s move is just a pull back. If below 157.25 and holding, buyers would be trapped meaning a potencial strong short (fail break out). Has some resistances to break before getting to 157.25. Depending o how hard these level are broken, we can identify the potential of a stronger short presence.
Bias: Neutral to Bearish
Accuracy: 100% - As expected a pull back to the previous levels.
AM Stock Selection Sheet download - pre-market volume on the stocks are low.
Updated at 08:15
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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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