** Preparation for Closing Session **
MARKET CONDITIONS
SPY - Not much has changed from morning analysis. Market is moving slowly down as expected and we had a morning session that rewarded the sellers. SPY already tried to go below friday´s low, but failed to continue down. There is a possibility of a neutral afternoon if we don´t hold below 166.60. An intraday bullish sign would be if we start trading above 164.25, but I think that is unlikely to happen today.
Long Term Bias: Neutral to Bearish
Short Term Bias: Bearish
Accuracy:
PM Stock Selection Sheet download
Updated at 13:15
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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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