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

The S&P500 SPY ETF is trading higher this morning, as investors await the opening bell. Futures are fading at the moment, just below the highs set in the pre-market session. The weekend video from last week discusses what we expected going into July seasonality. Congrats, bulls are winning.

SPY Daily

In the weekend video, we discussed the 4-week range which price action needs to move above. MACD is rising above its signal line, so the bulls will retain control to start the week.

Click to enlarge

As SPY moves higher, note the lack of supply overhead. Volume by Price (VBP) histogram, on the left side of the chart, is tapering as price action nears the February tipping point. Look for (stops) shorts to get squeezed.

The best scenario for the bulls would be for price action to close at session highs, on above-average volume.

The Nasdaq-100 (NDX) and (QQQ) appear to be holding up the best.

Review the section on the indices this morning if you have time, otherwise, we’ll focus on the points made early this morning during the LIVE broadcast.

We’ll sell some of the banks that we decided to swing. Take some shares of GS, JPM, and MS off early this morning, then reassess after the opening range. (day trades).

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, 


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.