** Preparation for Morning Session**
MARKET CONDITIONSWorld Markets News: Asian markets finished broadly higher today with shares in Japan leading the region. European markets are higher today with shares in Germany leading the region.
Economic Calendar
SPY - World markets being on the green and strong suggesting a bullish open for today.
1- Bullish - Monday morning is usually a slower session, but markets around the world are strong, so the chance of breaking the down trend formed last session is increased. In this case need to watch how market behaves at the following level: 165.25 / 166.50. Could consolidate at the 165.25 level before breaking up.
2- Neutral - a more neutral scenario would be for it to continue in the range between 161.50 / 165.25. At first respecting the down trend. If breaks the down trend, need to re-evaluate .
3- Bearish - If take down the 161.25, level the range would be extended down to 165.25 / 160.25 with a good possibility of it breaking to the down side latter on.
Long Term Bias: Neutral
Short Term Bias: Bullish
Accuracy: 60%
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Updated at 7:15
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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 morning sheet will be updated between 8:00 and 9:00
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 morning sheet will be updated between 8:00 and 9:00