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

Facebook Helping Propel the S&P 500 SPDR Communications Sector Higher as a New Bullish Cycle Confirms

Facebook is part of the new S&P 500 SPDR Communications Sector (XLC). This sector includes other well known FANG stocks, with Facebook (FB), Alphabet (GOOGL), and Netflix (NFLX) making up 42.16% of the total weighting. Facebook and Alphabet are the largest weightings, with Netflix coming in at a mere 5.32%. ATVI, T, VZ, DIS, CMCSA, and CHTR round out the top holdings in this group.

Communications Sector

The cycle in the communications sector is trending. We also note all other SPDR sectors have turned bullish as of two weeks ago. In addition, we pointed out in Tuesday’s BLOG POST how the major indices started this new cycle on December 26.



As the sector and stocks therein continue closing each day above the previous high of the day (PHOD) we can assume followthrough until that pattern changes. With this in mind, we have pointed to targets on the sector chart above. Look for a pause at these levels.

Facebook – Daily

The “W” pattern on Facebook (FB) is apparent with each follow-through day bringing the stock closer to a breakout above the center of the “W” at 145.93. With the stock trading above Tuesday’s close/resistance levels, we are targeting 145.93 today, provided the indices drive higher.


FB daily Pattern


Facebook 60 Minute

Given the 24.77% pullback in the XLC sector and the 43.71% pullback on Facebook from recent highs, traders are presented with a compelling situation. If the return of bullish momentum accelerates, we are looking for a decisive break above 143.20 (+/-). This continuation would trigger a confirmation long position. As always, we will reassess after the opening range is set.


Facebook FB 60min 01-09-2018


Swing traders can use support levels noted just below 141.72 and 139.00 (+/-). Short-term day traders can use the 5 minute 9/20ema.

Futures were higher this morning.

For more on this trade and watchlist candidates, join us during the trading day for our LIVESTREAM broadcast. Watch, listen and trade from 9:20 AM to 4:15 PM Monday through Friday.

Happy Trading,


Want to become a member? Check details here:



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.