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

Over the past few weeks, we’ve fielded many questions referencing a stock market correction. The most common question was, “with the Nasdaq extended from nearly (+10%) above its 50d moving average and the top ten components stocks comprising 50% of its weight, is the market poised for a correction?” Hattip to Russell in the trading room.

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We need to watch these stocks closely in the weeks leading into the election for sure, so creating a grid of these top performers for review every day is advisable. We excluded Adobe so that the grid would fit.

Top Nasdaq Weighed Stocks

With the exception of maybe AAPL, NVDA and TSLA, all ten stocks have consolidated recently setting up a better structural basis for going a bit higher into the end of the year. Look for any weakness in these leading stocks going forward.

Nasdaq Equal Weight Index

As a final check, we keep an eye on the Nasdaq Equal Weight Index where no stock is more important than any other. A quick check of many of these stocks in MarketSmith shows great earnings and sales. The 20-25% show above-average EPS growth and great IBD metrics.

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In summary, if you’re getting a little edgy with these high valuations, just remember these Top 10. We’ll keep an eye on them for you, so 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.

If we have any issues with internet service we’ll do a remote session like yesterday. Just check the alerts channel if LIVESTREAM is down.

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.