** Preparation for Closing Session **
MARKET CONDITIONS
SPY - During the morning was very heavy ( had trouble going up) and choppy. I got in into some momentum trades at the open, but the best choice was to stay put and do not trade. My trading ideas were not working today.
1-) Neutral (85%) - The short term down trend was broken putting market in a sideways move, but so far it had a very low volatility and was not favoring my trading ideas today. if market start to trade above today´s high at 158.65, look for long trades. That´s the plan.
Long Term Bias: Bearish
Short Term Bias: Neutral
Accuracy: 100%
PM Stock Selection Sheet download
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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