The market continues to churn and digest recent gains. Breadth is still around 2 to 1 negative but selling is still well-contained with generally mild profit-taking and no major breakdowns. There is some concern that a government shutdown might cause some pressure but it sounds like a very short-term stop-gap measure may be implemented to delay the problem for five days or so.
I mentioned this morning in Columnist Conversations that now that the cryptocurrencies have gone through one major boom-and-bust cycle it is a good time to sort out some of the better plays from the junk that has been jumping. There are a few legitimate blockchain and crypto-related names that are likely to outperform.
My list at this point includes Seven Stars Cloud Group (SSC) , Marathon Patent Group (MARA) , Overstock.com (OSTK) , GAIN Capital Holdings (GCAP) , Eastman Kodak (KODK) , U.S Global Investors (GROW) and MGT Capital Investments (MGTI) .
All of these are high risk but if the crypto/blockchain theme continues a few of these should be winners. The real leaders in the group probably aren't even known at this point but the cream will rise to the top and all the junk names that ran on a 'blockchain" headline for a few days will fade away again.
Read Real Money's Stocks You Must Own for 2018: