** Prep for Closing Session **
MARKET CONDITIONS
SPY - Still inside the range. Buyers lifted prices to the POC at 155.50 but did not hold. Sellers controlled the morning session, where buyers only showed up around 154.75. Low of the day has become an important reference point for today. A consolidation around the POC at 155.50 is possible, giving us a neutral scenario. Holding above the high of the day would be very bullish.
Low volume market - Trade less today. Market is not moving much and volume is strange. Stocks are less active.
Bias: Neutral to Bearish (only if loses the low of the day and holds)
Accuracy: 75% - Buyers were able to hold prices above the POC and the low of the day was not lost.
PM Stock Selection Sheet download
Updated at 13:30
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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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