About Frank Zorrilla

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So far Frank Zorrilla has created 495 blog entries.
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 [...]

26 07, 2018

The Rare But Profitable High Tight Flag Pattern

By |2018-07-26T12:01:00+00:00July 26, 2018 10:53 am|

According to Investors Business Daily, the high tight flag pattern is a very rare pattern that can be very profitable. Here is there definition; High, tight flag bases clearly make this statement: "We're up-and-coming." This vertical-looking pattern forms as a stock surges 100% to 120% in four to eight weeks. The stock then corrects just 10% to 25% in price for only three to five weeks. The ideal buy point is the high of the flag plus 10 cents.  Here the link to the full article. Sientra Inc $SIEN fits the description to the t. Is $SIEN up 100% to 120% [...]

25 07, 2018

YEXT Is Breaking Out To An All-Time High

By |2018-07-26T10:55:40+00:00July 25, 2018 11:06 am|

$YEXT is breaking OUT to an all-time high on the back of a $AMZN partnership; the stock has been flagging for 5-weeks, volume running way above average. #IBDPartner @MarketSmith  When I posted the chart on Twitter and bought the stock $YEXT was up 8%. Right now the stock is up 15% as I write this, I would not be chasing up here, instead, I would wait for it to digest this move by either pulling back or going sideways for a few days. DON'T CHASE;   Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and [...]

27 06, 2018

When Should I Sell

By |2018-06-27T13:15:05+00:00June 27, 2018 1:15 pm|

When I post charts one of the questions that I get asked a lot is; what is your target? My answer is always the same; the target is up. When it comes to swing trading (holding period 1-20 days), I like to sell on the way up. I'm a believer that stocks move in momentum bursts that may last 3-10 days. What I'm looking to do is to take as much money out of that burst as possible without giving too much back.   When it comes to short-term swing trading there many ways to sell; Sell on the way up; [...]

27 06, 2018

When Swing Trading

By |2018-06-27T10:54:40+00:00June 27, 2018 10:54 am|

When swing trading; There's a time to step on the gas, and there's a time to slow down, being able to recognize those times is crucial and can have a significant impact on your bottom line. Catching themes is also important; Sector themes, IPO theme, Chinese stocks theme, Bitcoin theme, etc. Recognizing what is currently working, I'm not a big believer in only having one set up, one strategy. I believe that in the short-term momentum and mean reversion rule above all else, so I want to have a strategy/set-up for both. Momentum set-up   Mean reversion set-up   SIGN [...]

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