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

Watch List for the Week

We are watching financials that benefited from sector rotation and capital flow last week. Banks, broker-dealers, investment services, payment processors and asset managers all exhibited relative strength, boosting interest in financials last week.

TCP Game Plan watchlist 04-22-2018 financials

Financials – Investment Services

Ameritrade, E-Trade, Interactive Brokers, and Schwab round out the Investment Services industry group candidates we are watching. All of these stocks will most likely continue higher over the coming weeks. Targets are recent 52-week highs.

Schwab (SCHW) with targets indicated. Volume suggests continuation. RSI and MACD are bullish, with the latter above its signal line.

SCHW Financials

Bollinger Bands are expanding top and bottom suggesting a fast move.

Sidenote: The indices need to break out on surging volume to confirm institutions are showing conviction. Until that time we should proceed with caution. We are taking smaller positions are taking smaller positions at this time.

For example, we would normally take 250 shares upon entry in a bullish market. We are currently taking only 125 shares on a case by case basis.

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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 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.

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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.