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

TheS&P 500 futures market is halted “Limit Up” until the Opening Bell, while the bond market (watching the 30yr /ZB) is not halted. Thankfully there are no such limits on the upside once the markets are open.

S&P 500 Futures

Limit up, enough said.

Price action needs to get back above the weekly 200 moving average. Many resistance levels overhead need to be referenced.

We need to see confirmation. That will come only when institutions show their hands. Things to look for today.

  • Block size trades (> 250k) or greater and lots of them
  • TICK cumulative rising and bullish – currently green
  • VIX dropping

We’ll buy back SQQQ covered calls this morning for a profit.

In addition, we accumulated a lot of cash into the February highs, so we will look at opportunities in technology and innovation stocks related to healthcare. The thinking supports the idea that “innovation” accelerates in bad times. In good times complacency rules to an extent. Look for quality stocks and names in key areas printing above-average volume.

If you’re new to investing, you’ve been presented with an opportunity. Take a measured approach, scaling into positions, and take it day by day. There is no rush.

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 Friday the 13th, 


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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.