The Closing Print live trading and financial blog during market hours.

Advanced Micro Devices (AMD) rallied late evening on a CNBC report that it’s working with Tesla (TSLA) on a new AI chip for its autonomous vehicles. Nvidia (NVDA)was lower. Recent IPOs Blue Apron (APRN) and Veritone (VERI) rallied late yesterday, so we’ll be watching all five LIVE today. Energy stocks are also doing very well, with Oil and Gas names cranking higher during the Wednesday session.

Advanced Micro Devices (AMD)

CNBC reported at 15:30, that AMD was partnering with TSLA. The resulting move was picked up by some of our members.


The daily chart indicates potential up to 15.00 and then a pivot “buy point” above which the stock’s measured move would target 20.00 (+/-). The current depth of pattern from previous price action is about 4.50.

TSLA pulled back this week, finding support at the 9ema in this ascending triangle pattern. If the stock breaks out above 389.61 the move thereafter would likely play out into year end. There is no overhead supply above these levels, so if we move into this zone we’ll add to our position.

Oil and Gas Stocks

The energy sector has proven its resolve, moving above VBP resistance. The “Volume by Price” levels have held prices back until now. Look for continuation trades in APA, APC, COP, DO, HAL, SWN, XEC, XOM and XOP, among others. Follow the money!

Energy Stocks 09-21-2017

It is Thursday, and the indices have had quite a run over the past 10 trading days, so we are taking profits into strength, starting with our laggards.

Happy Trading,


We will be LIVE at 9:20 AM

Disclaimer:  Do your Own Research
Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
Investment Warnings
We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.