** Preparation for Morning Session**
MARKET CONDITIONSWorld Markets News: Asian markets finished broadly lower today with shares in China leading the region. European markets are lower today with shares in France off the most.
Economic Calendar
SPY - Still in trend up mode after breaking the longer range between 160 and 153.50. As long as the longer trend line is respected, this trend up mode is on, suggesting a bullish bias for the SPY. Smaller range was developed yesterday, but inside a bullish up channel that is likely to test the bottom of this channel today. If this happens and price holds, up move is likely to continue. If drops this support, then we have to wait to see where the next support will be and re-evaluate.
Bias: Bullish
Accuracy: 100%
AM Stock Selection Sheet download - not many opportunities today.
Updated at 8:00
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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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