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

The S&P500 SPY ETF started trading above the 200d on Tuesday, with futures lifting price action again this morning. In addition, S&P500 SPDR sectors were all higher, with biotech fading a bit towards the latter half of the day. We’ll look for follow through.

SPY Daily

Price action is above all moving averages. RSI is above 50, while MACD remains above its signal line confirming bulls are in control.

We took a position in 05/29/2020 calls at the close yesterday, as we anticipated the noise or news about sanctions against Chinese officials was already discounted by the markets. We’ll look for profits this morning.

Financial and industrial sectors performed exceptionally well on Tuesday. These two groups make up nearly 20% of the S&P.

Banks are trading higher again this morning prior to the opening bell. As a result, we’ll be looking for some trades in this group again today.

Note JPM is in the Top 10 by weighting. This is a favorite stock, so we’ll be very keen to see large trades to confirm our choices in the big banks going forward into the summer months, as banks tend to outperform in the second half of the year.

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.

Pay particular attention to the broadcast after 10:00 AM as we watch for big block institutional trades to piggy-back during the day.

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 “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.