** Prep for Closing Session **
MARKET CONDITIONS
SPY - The chart today is a bit far away so we can keep the big picture in mind. During the morning market stayed inside the smaller range between 156.50 and 154.00. It has come down but I do not think it will go any further today. Some consolidation around the 154.00 level before breaking down. If we go below 154.00 and hold this level, then the bias will change to very bearish. Trading around the POC at 155.50 would be a more neutral situation suggesting that we will stay in this range for a little longer.
Bias: Neutral to Bearish
Accuracy: 80% - Market stayed inside the range as expected.
PM Stock Selection Sheet download - Not fully focused on trading this afternoon. Based on my journal observations, I identified that I was having trouble choosing what side (buyers / sellers) to trade with into the afternoon. Will be working on a strategy to pre-defined that.
Updated at 14:20
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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 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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