** Preparation for Closing Session **
MARKET CONDITIONS
SPY - As expected market continued the up move respecting the channel. For this afternoon it is expected a sideways move or some correction since the upper band of the channel is being tested. If market manage to break it with strong volume, then we have to evaluate and watch to see if prices can hold above. Bearish bias only if the lower band is broken.
Bias: Neutral Bullish
Accuracy: 90%
PM Stock Selection Sheet download - do not got for big profits unless market breaks up the channel. Take profits at the pre-defined targets.
Updated at 12:30
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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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