** Prep for Closing Session **
MARKET CONDITIONS
SPY - We expected a more neutral market today and this up move might be getting to it´s end. Prices are very close to strong resistances. If we break above and hold, there is also a down trend line that can hold price. So into the close we expect some sellers to come in the market. If we start to hold above 157.25 then the bias will change as said in the morning prep.
Bias: Neutral to Bearish
Accuracy: 70% market reach the top of the range. This move was stronger than expected. After that is trade aroung that level.
PM Stock Selection Sheet download - I am following only the ones with the levels writen down.
Updated at 13:50
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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 afternoon sheet will be updated between 13:00 and 14:00
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 afternoon sheet will be updated between 13:00 and 14:00
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