** Preparation for Morning Session**
MARKET CONDITIONSWorld Markets News: Asian markets finished mixed as of the most recent closing prices. European markets are sharply higher today with shares in France leading the region.
- 08:30 - GDP (QoQ) - 2.4% - No change expected
Economic Calendar
SPY - Market slowly move it´s way up yesterday, but is it still in a potential range zone. Did not see much strength in it yesterday, but Europe is all on the green and this could help an up move today.
1-) Neutral (50%) - To me this is the mostly likely scenario. For it to develop the range between the blue lines. It could test the 160.00 zone, but if goes back below this scenario is still in play.
2-) Bullish (30%) - The only reason this scenario is in front of the Bearish is because Europe is on the green. Otherwise this would be my least possible one. For this scenario to come into play must trade and hold above 160.00.
3-) Bearish (20%) - If the low of this down move is taken out, it is likely that we will test the next support at 154.00. Market could need a rest from falling, so it would have to come from a Neutral state to a Bearish one to make it true.
Long Term Bias: Bearish
Short Term Bias: Neutral
Accuracy: 95%
AM Stock Selection Sheet download
Updated at 8:45
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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