** Preparation for Closing Session **
MARKET CONDITIONS
SPY - Tried to move higher in the morning, but respected the trend down (short term). The key level is still the 164.00. If we break below 164.50 the down move will continue, but this is likely to happen only tomorrow. The most likely scenario is the market to stay between 165.75 and 164.50 today.
Long Term Bias: Neutral
Short Term Bias: Neutral to Bearish
Accuracy:
PM Stock Selection Sheet download
Updated at 13:40
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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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