** Preparation for Morning Session**
MARKET CONDITIONSWorld Markets News: Asian markets finished broadly higher today with shares in Hong Kong leading the region. European markets are broadly higher today. No important economic number to be released today.
Economic Calendar
SPY - Prices are trading between the bottom of the range - 153.75 - and the POC - 155.50. The POC may become a strong resistance to prices as the down trend get close. The confluence of the two zones is our main reference to turn from bearish to bullish on a longer time frame. Since today is Friday and there are no important economic number to be release the more likely scenario it for the market to stay inside the bottom part of the range. If prices go below 153.50 and start to hold there, we change our bias to bearish.
Bias: Neutral
Accuracy: 85% Market is sideways today. Took profits at the targets. Will probably stay that way all day today.
AM Stock Selection Sheet download
Updated at 8:20
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Read this before using the information provided in this page:
1.Educational purpose material only. Use this information at your own risk.2.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.3.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.4.The morning sheet will be updated between 8:00 and 9:00
1.Educational purpose material only. Use this information at your own risk.2.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.3.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.4.The morning sheet will be updated between 8:00 and 9:00
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