About Frank Zorrilla

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So far Frank Zorrilla has created 490 blog entries.
27 10, 2018

The Current State Of The Market

By |2018-10-27T07:11:27+00:00October 27, 2018 7:11 am|

Current State Of The Market and What To Expect; 1. 54 names in the $QQQ are down 20% or more from their 52-week high. 2. Does the market go up and down during bear markets? 3. Should you hold on to your losers? 4. What can the 30-minute chart tell us?   ZorTrades_Beta Is Now Live, Check It Out.

24 10, 2018

8 Soft Facts About Shorting

By |2018-10-24T11:58:46+00:00October 24, 2018 11:53 am|

Michael Steinhardt, one of the pioneers in the hedge fund industry once said that he probably has shorted more stocks than anyone else and when he looks back cumulatively at all his shorts he probably broke even on them. Here are some of the rules I have when it comes to shorting; 1. Don’t short oversold markets; the market has a history of bailing out the bulls, not the bears. Currently, we are somewhat oversold, and you might hear that oversold can become more oversold, but the odds always favor a dead cat bounce than an outright crash. I still prefer [...]

24 10, 2018

When It All Falls Down

By |2018-10-24T12:36:10+00:00October 24, 2018 11:35 am|

The market continues to be under pressure; the S&P500 is down -8% since it peaked in 9/20/2018, the small caps $IWM the weakest of them all is down -13% since it peaked on 9/4/2018. Most individual names are down a lot more than that. My advice when the market corrects is pretty consistent every time, be diligent with your stocks, take your losses, move on, and live to fight another day. Unlike the indices, stocks come and go, some go and never come back.  The indices tend to move higher over time. The average intra-year decline in the S&P500 in [...]

27 08, 2018

The “Breakout”

By |2018-08-27T13:14:14+00:00August 27, 2018 1:01 pm|

Where a stock has come from is very important when considering buying a "BREAKOUT". The probabilities of a stock moving higher after being up 5,6,7-days in a row before are slim. The context of the "breakout" is important. You shouldn't buy a breakout just because it eclipsed a previous high especially if the stock made a big move just prior to breaking out. Sure, every so often the market will reward chasing but more often than not you are going to catch some heat first before getting paid if you buy "breakouts" in stocks that are already extended.   Frank Zorrilla, [...]

26 08, 2018

Trader’s LinkFest

By |2018-08-26T07:17:23+00:00August 26, 2018 6:59 am|

Constellation Brands $STZ plan to invest an additional $4 billion in Canadian pot producer $CGC (stake up to 38%) put all the Cannabis stocks in play for the week and possibly for the next few months just like Bitcoin did for certain "bitcoin" stocks last year. Some of these stocks made a huge move in the last week and should not chase them, allow them to set-up properly before you step in. A lot of the names trade on the pink sheets, so you have to be real careful or avoid them, some of the more liquid known names are; [...]

24 08, 2018

Dishing For Profits

By |2018-08-24T11:01:16+00:00August 24, 2018 11:01 am|

Dish Network $DISH is going through a possible character change; the stock was in a serious downtrend for 9-months as you can see on the chart below. $DISH peaked on 8/1/2017 at $65 a share and finally found a low 50% lower at around $30, within that timeframe the 10, 20, and 50-day moving averages acted as resistance. Sellers were very active when $DISH moved up to those averages. The stock has since found a level where it seems that the sellers have been cleared out and or buyers have found a level of interest in which their demand is overwhelming [...]

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