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

The S&P500 and SPY are both above the zero gamma levels 2883 and 286 respectively, adding more positive gamma as States reopen their collective economies. In addition, the number of stocks advancing is increasing. Momentum is building and breadth is improving each trading day.

Advancing/Declining Stocks

NYAD measures advancing versus declining issues on an index of approximately 2,800 companies. Adding a model to our system like the chart below gives us a quick read of the markets.

We’re out of the “red-zone” so we’re bullish. More stocks are advancing, so we have a better edge at the moment. In addition, trading our 21d strategy gives us additional supportive signals.

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It should be no surprise that all of our indicators and signals are quick references to bullish or bearish signals. Everything is built on quick reference, in addition to key numbers.

S&P500 and SPY 2883 / 286

These key numbers/levels are zero gamma levels for the S&P 500 and SPY respectively. Their significance is quickly understood when the momentum starts to pick up once prices transition above them.

This morning SPY and S&P500 will open above both key levels. This means market makers, dealers, and institutions are more supportive of pullbacks. The market begins to “trend” when gamma is positive. It flipped to negative after the February 24 gap down.

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Next resistance levels are the 200d overhead, 301 for SPY, and 3007 for the S&P 500. Plan accordingly and then 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, 


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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 “advice” to enter any particular position or asset.

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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.