** Preparation for Morning Session**
MARKET CONDITIONSWorld Markets News: Asian markets finished mixed as of the most recent closing prices.European markets are mixed. Initial Jobless Claims to be released before market opens.
Economic Calendar
SPY - After yesterday consolidation, we expect the market to continue the up trend. The up trend line should provide support for this movement. There are some resistance to take out, but the 159.75 is a target for this move. When this happens our range will shift. If the trend line up is broken it will be an alert that prices will move lower or consolidate. If we break below 157.50 then our bias will change to bearish.
Bias: Bullish
Accuracy: 100%
AM Stock Selection Sheet download - Lots of names today. Set the alerts and do not rush and most important do not try to trade all of them.
Updated at 8:30
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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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