** Preparation for Closing Session **
MARKET CONDITIONS
SPY - The down trend line is no longer relevant. Market is back in a range mode. Small up trend inside a range is forming. It is trading around the Point of Control (POC) and likely to do that for the rest of the day as no economic news to be released today. A new high maybe formed, but at that level some selling will take price down. If the low of the day is taking out, we become bearish. A stronger bullish bias will take over if we break above 156.50 and hold, but that is unlikely.
Bias: Neutral Bullish
Accuracy: 75% market made a new high and held there. Did not do much more than this.
PM Stock Selection Sheet download - slow day today. Not much going on.
Updated at 13:35
Want more information about the Stock Selection Sheet?
Legends - Click me
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
No comments:
Post a Comment