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

SPY Strong Put Call Ratio HIgher August Seasonality Kicks In

SPY remains just below all time highs, despite August seasonality (weakest month of the year) and an elevated put call ratio. The latter spiked above 1.31 on Monday before the opening bell. This should lead to a bounce soon.

CPC TUES 08-14

A strong US Dollar (96.22) and news driven fear can’t seem to derail the markets. Frankly, that is a bit surprising considering August seasonality. SPY just won’t budge.

SPY Bullish Trend Persists

Despite all of the news spewed out by the financial media and the impending doom over Turkish Lira weakness, the resulting contagion or fear of same can’t seem to derail SPY, NDX, IWM, and NYA.


SPY TICK Cumulative

TICK cumulative persists. As long as this indicator keeps moving higher, it shows institutions are buying more than they are selling. That said, NYAD NYMO remain weak . Breadth could be better.

Sales and earnings continue to buoy the market. The news and the U.S. dollar are headwinds.

Home Depot (HD) beat and guided bullish going forward, just like the majority of US equities during this reporting period. We’ll look to get back in HD sometime today or tomorrow.

Join us at 9:20 AM for the LIVE broadcast.

Happy Trading,


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 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.

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.