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

 Dollar Rebound Could Affect the Watch List

The US Dollar looks ready to rebound, as oversold conditions have caught the eye of forex traders. Thursday and Friday produced wicks at lows, with a bullish bid this morning pressing the greenback higher. Watch commodities and stocks that have risen over the past 13-month downtrend in the dollar, for any signs of mean reversion.

IBKR on the Watch List

The financials group includes IBKR this week, which should continue higher. We are looking for a follow-through day as RSI remains above 50. What caught my attention was “sales and earnings.” Few stocks show this kind of fundamentals, so IBKR must be doing something right.

IBKR Watch List 01-28-2018

As price action moves higher, IBKR will be trading at 52-week highs, with no supply overhead to impede a move higher. We would, however, like to see more volume on any move to the upside this week.

Watch List Candidates

AMAT, ICHR, KEM, and GRUB are the hot stocks this week. Look for follow-through candles today and use the Trade of the Day Setup (ToD) for entry-exit and stops. We have options on GRUB, so we might consider taking some off this morning, as the stock trades higher in the pre-market session.

TCP Game Plan and Watch List 01-28-2018

With futures slightly red this morning, we will look for support just below at blocks referenced in the “block channel” in the SLACK trading room.

Tune in LIVE at 9:20 AM

See you then,


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 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.

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.