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

The 290/2900 levels for SPY and the S&P500 were defended, prolonging this rally rally into monthly OPEX while VIX fades into the 20s. We note 3000 as top of range, with 2900 being key to positive gamma going forward.

Futures are trading 2933 as of 8:00 AM EST. Gold, silver and crude futures are higher as well, with copper trading flat.

SPY 290 Defended

SPY remains above its bullish trending 9/21d moving averages. RSI is above 50 and MACD turned up again. 300 remains short term resistance along the large gamma open interest level (magnet) and the 200d.

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S&P500 Most Active %Up

These stocks commanded most of the action on the S&P500 Monday. We are looking for follow through in these names today.


The watchlist stocks, NVDA (+0.89%), AMD (0.88%), LULU (+0.39%), and SPLK (+0.50%) are all higher in early trading extending their stellar performance another day.

Biotechs, pharmaceuticals and healthcare stocks were strong Monday. We’ll be looking for a repeat of their performance, as LLY trades at 160.00 pre-market (+1%) with BMY at 63.36 up (+1.12%) in post-EPS trading.

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Happy Trading, 


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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 “advice” 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.