** Preparation for Closing Session **
MARKET CONDITIONS
SPY - Stronger move than expected, which is good for buyers. The range extension is possible. A close above 157.25 would be a confirmation of this extension.The bias will only change today if the up trend is broken. Since it has made a strong up move, some sideways action is possible. If we close back below 157.25 than we wait til tomorrow´s open to re-evaluate the overall market picture.
Bias: Bullish
Accuracy: 80% - fake new about a bomb in the White House caused an explosive move down and the market was acting carefully after that. Less liquidity after the fact.
PM Stock Selection Sheet download
Updated at 12:30
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