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

We failed to cover the divergences in the indices yesterday, as well as money flow observations in the weekend video. We’ll address both, as futures drive higher pre-market.

SPY Chaikin Money Flow

SPY is printing higher highs, while MACD drifts lower, creating a bearish divergence. This is what members were concerned about late last week as SPY approached the breakout zone.

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In the interim, Chaikin Money Flow in the middle panel shows accumulation. If this continues, the breakout above 327.23 to stock this morning. SPY is currently printing 328.43 (+1.93).

QQQ Chaikin Money Flow

Traders were more worried about big tech last week, prior to FB, AMZN, and AAPL earnings reports. Meanwhile, Chaikin Money Flow was rising. QQQ is printing 267.91 in early trading (+2.17) as price action approaches all-time highs again. Potential triple top.

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MACD is showing a divergence here as well.

IWM is showing the same bullish Chaikin Money Flow reading.

On a side note, add Verizon to the watchlist. We’re looking for a breakout with a stop under the opening range low (57.52) if pre-market levels hold.

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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.