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

As usual, we scanned the markets after the Monday session looking for potential watchlist additions and changes to sector rotation worth noting. The current watchlist performed as expected. That said, wait for the opening range this morning as futures are trading inside of Monday’s range.

Top 10 Stocks – Weekly Watchlist

These stocks are the stocks that outperformed on Monday, ranked by percent gained intraday. Trail your stops and note the sectors that worked.

WKHSWorkhorse Group Inc. (WKHS) daily brandsDiscretionary19.183.6623.58
CHGGCHGG – Chegg, Inc.Discretionary85.934.966.13
BILIBILI – Bilibili, Inc.Communication Services46.032.455.62
MSFTMSFT – Microsoft Corp.Technology216.5411.535.62
TTDTTD – Trade Desk Inc.Technology475.3224.005.32
PINSPINS – Pinterest Inc.Communication Services36.081.795.22
DOCUDOCU – Docusign, Inc.Technology226.289.454.36
QDELQDEL – Quidel Corp.Health Care293.8211.354.02
FUTUFUTU – Futu Holdings Ltd.Technology35.681.313.81
DHIDHI – DR Horton Inc.Discretionary68.322.163.26

Stocks from the post-market scan. Note the similarities.

  • Price is above the bullish 9/21/50d moving averages
  • Recent consolidation at these moving averages
  • Price action beginning to move higher
  • RSI suggest more room to run – moving higher

Square (SQ) is the star performer from this financial industry group. Paypal (PYPL) is also at 52-week highs. Mastercard (MA) also looks bullish.

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Above average volume suggests institutions are accumulating shares of SQ. Confirmation that institutions are still active would show RVOL greater than 1.5 ~ 2.0. We’ll watch it during the LIVE session as well.

Semiconductors had a decent showing on Monday. ON Semiconductor is a stock we’ve traded recently. Watch for a bullish follow through day. Swing only if it closes in the upper half of the daily range or at the high of the day.

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We’d like to see elevated RVOL > 2.0.

NIO has been highlighted in the trading room the past few days. The stock appears ready to follow through on its bullish move out of consolidation mode into trending mode. Watch for RVOL > 2.0.

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Futures are lower (-14 +/-) resting at the 3275 area. As 3300 remains the High Gamma Strike this futures pullback gives us a little breathing room. We’d like to see call positions build up near 3300.

“Spot gamma isn’t picking up much in the way of shifts underneath (call closing, put adding) as indicated by the Vol Trigger which remains at 3170. Due primarily to the decent size in positive gamma the overall data reads as fairly neutral (pointed out in the weekly video) with an edge to grinding higher. That being said I think there can be some interesting short upside volatility plays when we push up against the High Gamma Strike, particularly when VIX remains elevated. This may indicate the market is pricing in a larger upside move than our data would suggest.”

Glenn at Spot Gamma

Join us today in the trading room for our LIVESTREAM broadcastduring 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, 


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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.