** Prep for Morning Session**
MARKET CONDITIONSWorld Markets News: European markets are broadly higher today with shares in Germany leading the region.Germany is the strong economy in the Euro Zone, so this is a very good sign. Asian markets finished higher today with shares in Hong Kong leading the region. Be aware of FOMC Meeting Minutes at 14:00.
Economic Calendar
SPY - Market is still in range 157.25 | 153.25. The important levels into the open will be 157.25 and 156.75. If we hold above 157.25 the bias will be very bullish and I could also look for market plays, since we would change from range mode to trend mode. As long as the trend line up is respect we remain bullish. Bearish only if we go below 156.50 and hold.
Bias: Bullish
Accuracy:
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- Educational purpose material only. Use this information at your own risk
- 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.
- 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.
- The morning sheet will be updated between 8:00 and 9:00
- The afternoon sheet will be updated between 13:00 and 14:00