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

Watchlist for the Week Served with a Side of Caution

The watchlist for the week has several stocks that failed to break down when U.S. equity markets sold off. The stocks that remained above their 20/50d moving averages are noteworthy. That said, exercise caution this week.

Market Precautions

Our perspective is one of “show me the money.” Until we see evidence that institutions find these levels too good to pass, we will exercise caution and restraint. Our best opportunities align when institutions are buying and we follow their lead. Forging ahead too early into the breach is not statistically rewarding, so we will wait for clear signs that institutions are buying.

Cannabis Stocks

Most of the stocks in this industry group are exhibiting relative strength. As Canadian companies ready for the new law to take effect on October 17, many U.S. companies are gearing up for steady growth in the years to come.

Aurora Cannabis (ACBFF) has been on a run for the past 8 to 9 weeks. Price action is threatening a breakout into an area lacking overhead supply, while the group strengthens. Price action never broke below its 20d, when everything else fell apart.




We’ll add ACBFF to the watchlist and monitor positions in CGCCRON. and TLRY. Beverage companies, NBEV and tobacco converts PYX are also on our radar.

ACBFF earnings are scheduled for 11/8/18 after hours.

Trade more cautious. Take fewer positions and reduce position size. This is our mantra for the week until we see evidence institutions are interested. Breadth must improve very soon as well, so watch NYMO and NAMO.

Join us during our LIVESTREAM broadcast during market hours. Watch, listen and trade from 9:20 AM to 4:15 PM Monday through Friday.

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 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.

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.