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

Bonds are moving higher, catching a bid lately as the equities markets notch ever higher levels. At some point, we will see advancing stocks take a breather. Until then we will stick with our partial position in bonds and monitor our winning stock picks and IBD50 equity positions accordingly.

Futures are pointing to a bullish open.

GOVT has turned bullish, with the cycle up starting a week earlier. If you are trading AGG, TLT or UST keep moving your stops higher. A move above the 50ma is anticipated.

GOVT-Bonds

FInancials are in a down cycle. As a result, we are steering clear of banks for the time being.

XLF-Financials

Watchlist – Semiconductors Technology and IBD50 

The watch list is peppered with IBD50 stocks showing imminent breakout potential or follow through to start the week. Technology and semiconductor stocks are warming up pre-market, with AMAT, FB, NVDA and YY favorites for day trades and continuation swings.

TCP-Gameplan-10-15-2017

Facebook appears ready to test the previous all-time highs today. The stock is at its buy point in pre-market trading, trading at 174.20. MACD is above its signal line, with STO and RSI suggesting a breakout is imminent. Use your “Trade of the Day” setup (ToD) once we see a flag first thing this morning.

FB-10-16-2017

Most of the stocks on the watch list are trading higher. There is no need to chase. Just wait for the Opening Range and keep an eye on Block Trade Alerts that will likely come our way early this morning.

Have a great day,

Vinny

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.