** Preparation for Closing Session **
MARKET CONDITIONS
SPY - Not much has changed from the morning analysis. As expected market continued the up move an tested the 166.50 (166.44 = today´s high so far). This was one of the potential resistance levels pointed in the morning. Mostly likely scenario for this afternoon is the market to remain neutral trading between: 165.75 and 166.50 and respect the short term up channel that is formed. If the 166.50 is broken and market start to hold above, the bias will change to bullish. If it start trading below 165.50 it would be a bearish alert, confirmed by the market making a new low for today with consequences into tomorrow´s session. Not much is expected for this afternoon.
Long Term Bias: Neutral
Short Term Bias: Neutral Bullish
Accuracy: 100%
PM Stock Selection Sheet download
Updated at 13:20
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