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

These stocks are from the “High of the Day Scan” wherein prices closed in the upper half of the daily range after a bounce off a bullish 9/21/50d support level(s). In addition, most of the candidates are stocks we’ve traded or currently have managed swing positions. Finally, we need the markets rising, providing a tailwind for potential follow through.

LLY and VMW

Most of the candidates look similar to LLY and VMW. Both have bounced at support, anticipating follow through today if the indices continue to provide a tailwind after the Opening Bell. Look for buyers after the opening range if RVOL is elevated.

Click to enlarge charts.

Eli-Lilly-Pharmaceutical-Daily-Stock-Chart-LLY
VMware-VMW-Daily-Stock-Chart

Scan Candidates

If the indices and futures stay strong we will act a bit more aggressively today.

We always start with a day trade mindset and swing only if prices close in the upper half of the daily range with a strong close.

Join us today in the trading room for our LIVESTREAM broadcast during market hours, as we navigate the current environment. Watch, listen, and trade from 9:20 AM to 4:15 PM Monday through Friday.

Happy Trading,

Vinny

Considering joining us as a member? Check details here

Investors-Business-Daily -IBD