** Preparation for Morning Session**
MARKET CONDITIONSWorld Markets News: Asian markets finished mixed as of the most recent closing prices. European markets are mixed.
Economic Calendar
1-) Neutral (50%) - As long as it is inside the 169.75 / 168.25 range this scenario is in play. Overall favoring the long positions is better, but allowed to take trades on the short side.
2-) Bullish (25%) - It is a little early for it to break up and continues moving higher, a longer consolidation would be better. Take the long trades but don´t be too greed on the targets.
3-) Bearish (25%) - Below 168.25 and holding put this scenario into play. Next support at 166.75.
Long Term Bias: Neutral Bullish
Short Term Bias: Neutral
Updated at 7:45
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