** Preparation for Closing Session **
MARKET CONDITIONS
SPY - Market is still holding above the previous range in a consolidation and in trend up mode. The shorter trend line up was tested and held, but market was not ready to continue the up move as expected. We are still bullish waiting for the market to break the flag up. The bias will only change to bearish if the longer trend line is broken.
Bias: Bullish
Accuracy: 100%
PM Stock Selection Sheet download - most of the stocks moved sideways today. Not much during the morning session and no momentum plays (no order flow). For the afternoon we select the first 20 stocks to trade and set up alerts.
Updated at 12:45
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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 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
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