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

All Price Based Indicators Are Pointing to Follow-Through Short-term Despite the Media Noise

We find it utterly amazing that all of our price-based indicators, not to mention sentiment and breadth, point to bullish activity, despite the constant media bombardment with negative news. What is it with these people anyway? We won’t get into a political discussion, but we do find it amazing that Risk-On indicators are lining up along with price, sentiment, and breadth.

SPX1500 Buy Signal – Bullish Indicator

The SPX1500 Composite is comprised of S&P500 big-cap stocks, S&P400 mid-cap stocks, and the S&P small-cap stocks. The number of new highs began outpacing new lows, as price action in the latter fades.


SPX1500 12-04-2018


Bullish Indicators – Sentiment and Seasonality

Institutions appear to be buying beaten-down technology, financial, industrial and consumer discretionary stocks into the holiday shopping season. They appear to be easing out of defensive stocks; watch utilities and consumer staples.

The institutional sentiment indicator, as measured by institutional buying and selling, shows a bullish follow-through yesterday. This indicator is easily interpreted by watching TICK cumulative in the lower panel. Daily and 60-minute charts agree.


SPY daily 12-03


Seasonality usually kicks in the first week of December, motivated by consumer discretionary stocks. Many of these well-known names, Wal-mart, Target, TJ Max, Kohl’s, and Macys, among others. show signs of institutional buying. Just remember to check money flow and confirm for potential bullish follow-through.

Futures were lower this morning as fear of yet another “tariff” disappointment seems to captivate the financial media. S&P futures are rallying into the opening bell.

Join us during our LIVESTREAM broadcast this morning as we discuss these “bullish indicators” the financial media always seem to overlook. Watch, listen and trade from 9:20 AM to 4:15 PM Monday through Friday.

Happy Trading,



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 investment advisor 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. Trades and or positions listed and taken from the watchlist are my own and should not be considered “advise” to enter any particular position or asset.

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.

Live Sessions

Live broadcasts are educational in their content. Proper risk management is considered on every trade or asset mentioned. 

*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities. 

As always, the use of technical and fundamental analysis is encouraged in order to fine tune entry and exit points to average seasonal trends.

These mentions are stocks that we may or may not decide to trade as outlined in the watchlist. Always use a stop.