** Preparation for Morning Session**
MARKET CONDITIONSWorld Markets News: Asian markets finished higher today with shares in Hong Kong leading the region. European markets are higher today with shares in France leading the region. Germany is also positive. Suggesting markets will open positive here too.
Economic Calendar
SPY - Consolidating above previous range and in trend mode. If the consolidation is a flag, market has to break yesterday´s high and continue with a strong up move and is the most expected scenario. If we fail to break up, prices may go back and test the base of the consolidation or the previous range high, have to wait and see. As long we are above the longer trend line up, the bias is bullish overall.
Bias: Neutral to Bullish
Accuracy: 100%
AM Stock Selection Sheet download - a lot of names to choose from. Will be looking for momentum up first and for that pre-market volume is important.
Updated at 8:45
Want more information about the Stock Selection Sheet?
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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 morning sheet will be updated between 8:00 and 9:00
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 morning sheet will be updated between 8:00 and 9:00
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