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

IBD50 stocks are moving higher this morning, with futures pointing to a bullish gap above Friday’s block trades (247.12). Those traders will be forced to cover their positions this morning. Bullish above these block trades, bearish below.

IBD50 Stocks on the Watch List

All of the IBD50 stocks on the watch list have similar attributes. RSI is rising, with MACD above its signal line. In most cases, we see pattern break outs, which should lead to continuation today. Use your Trade of the Day (ToD) setup for entry and initial stops.


The attributes we are looking for are 1) price above the 9/20ema with 2) the moving averages rising (SOTEMA) and 3) RSI pointing towards 70. A bullish MACD cross would be a plus, with bulls firmly in control of the momentum.


Additionally, we like to see VBP support just below the break out zone, which gives us a cushion on new entries. Any break higher this week affords an opportunity to start a new position or add to existing positions.

Note: the above cover the technical attributes. The fundamentals are baked into the IBD50 stocks, which add to our probabilities of success.

IBD50 Stocks Previously Mentioned

Also, keep an eye of previous watch list candidates as many are showing bullish tendencies this morning. The FANG stocks and many technology related stocks are markedly higher, as they rebound from Friday’s late sell-off.


As with any gap in futures, watch for a fade. Up down volume is paramount; we need to see green indicators in the bulls column. If market internals, tick cumulative and up down volume, fails to maintain sustained strength, a pullback from the high of the day will likely follow.

We’ll be LIVE at 9:20 AM this morning.

Happy Monday,


Sunday Video Below:

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.