** Preparation for Morning Session**
MARKET CONDITIONSWorld Markets News: Asian markets finished broadly higher today with shares in Japan leading the region.European markets are higher today with shares in Germany leading the region. Germany is the strong economy, so it is important.
Economic Calendar
SPY - Is consolidating above the previous broken range and in trend move. Yesterday was a sideways day, after a strong up move. As long we respect the smaller trend line up, market has momentum up. Markets around the world are positive and SPY is gaping up, so we expect the up move to continue. If smaller trend is broken, the trend is still up. For this to change the longer trend line must be broken. The size of the broken range projected up is the expected move.
Bias: Bullish
Accuracy:
AM Stock Selection Sheet download - no pre-market volume, so momentum trade at the open is under evaluation. Only if we see a fast order flow.
Updated at 07:48
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 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
No comments:
Post a Comment