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About Frank Zorrilla

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So far Frank Zorrilla has created 513 blog entries.
27 12, 2018

It Was An Epic Day Yesterday

By |2018-12-27T10:53:13+00:00December 27, 2018 10:28 am|

The market had a rubber band style rebound yesterday, quite frankly we were stretched and due for a bounce. The Dow Jones was up 4.98%, the S&P-500 +4.96%, and the Nasdaq was up +5.84%. One breadth indicator that caught my attention was the number of stocks up 4% or more on the day; this is a Pradeep Bonde indicator you can learn about it HERE. One thousand seven hundred seventy-nine (1,779) stocks were up 4% or more yesterday; this is a huge amount, only a few times in the last 8-years have we come close printing a figure this high. [...]

26 12, 2018

Can You Hear Me Now

By |2018-12-26T19:10:33+00:00December 26, 2018 6:54 pm|

Verizon $VZ has been holding up exceptionally well relative to the market's recent meltdown. Based on Investors Business Daily RS rating calculation, $VZ is outperforming 92% of the stocks in the market. $VZ has been trading sideways for roughly 5.4 years between $45 and $54. Investors have gotten paid to wait, $VZ sports a 4.5% yield right now, however, I believe the stock is ready to start moving higher the minute there is some pressure relieved from the market that will not only pay the investors but the traders as well. I'm sure you heard the saying; the bigger the base, [...]

26 12, 2018

Insiders Are Backing Up The Truck

By |2018-12-26T14:51:39+00:00December 26, 2018 2:51 pm|

Insiders have taken this recent sell-off to buy some stocks. As you can see on the chart below, they tend to become aggressive on the buy side during market sell-offs, August 2011, and the middle of 2015. This makes all the sense in the world, they are probably seeing bargains in the stocks they know best. Finviz is a great source to find insider information for free, you use this LINK to see all the latest insider buying info. Insider buying is just a piece of the puzzle and a starting point for more research into the company. $CHK is an [...]

25 12, 2018

The Pain Train

By |2018-12-25T19:40:55+00:00December 25, 2018 7:40 pm|

The pain train for the bulls started in October, and it has accelerated this month. Month to date the S&P500 is down -14.99%, the Dow Jones is down -14.64%, the Nasdaq 100 is down -15.27, and the small caps are leading the pack, they are down -17.24% this month so far. As of right now, there's only one stock in the S&P500 above its 10-day moving average, as of matter of fact the index is the most oversold its been all year. These type of oversold levels have led to relief bounces in the past, so far this month oversold [...]

24 12, 2018

Another Great Interview By Druckenmiller

By |2018-12-24T07:00:20+00:00December 24, 2018 6:56 am|

Just this past week Druckenmiller blessed us with another awesome interview, this time he sat down with Bloomberg for an hour. Earlier this year he was on Real Vision and spoke about when and how he made most of his money and how the landscape of trading has changed, you can watch that HERE. In this recent interview, he covers all the bases. Stan's best years trading where during bear markets but it was achieved by trading treasuries not shorting stocks, which he believes it is not easy to do. "It's funny because we talked about how I've done well in [...]

19 12, 2018

More Extreme Readings

By |2018-12-19T18:55:58+00:00December 19, 2018 6:55 pm|

We had another market sell-off today that led to more extreme breadth readings. After today's beating, only 175 stocks up 25% or more in the last 65-days. This breadth indicator was created by Pradeep Bondee along with other handy breadth indicators, you can check them out HERE.  In the past when we've had less than 200 stocks up 25% or more in the last 65-days, it led to significant bounces, this is just another form of capitulation. Can we go lower? YES. But the risk-reward from here is tilting in the bulls favor. Let's look at some charts so we can [...]

18 12, 2018

Near Washout Breadth Readings

By |2018-12-18T09:37:08+00:00December 18, 2018 8:26 am|

The S&P500 is down -7.82% for the month of December as of yesterday's close (12/16/2017. The S&P500 is down -13.43% from its 52-week high that it reached on 9/21/2018. And its down -4.78% year to date. The small-cap index has faired a lot worse. The Russell 2000 is down -10% this month, down -21% from its 52-week high that was reached on 8/31/2018 and down -10% year to date. So far this all normal, according to Ryan Detrick the range in the S&P500 this year is 14.4% (Max year to date gain was 9.6%, minimum year to date loss is -4.8%). [...]

13 12, 2018

IIPR Trade-Idea

By |2018-12-13T14:07:46+00:00December 13, 2018 2:06 pm|

$IIPR San Diego-based Innovative Industrial Properties provides real estate capital for the medical-use cannabis industry. According to the company's website, its strategy "is to act as a source of capital to these licensed medical-use cannabis growers by acquiring and leasing back their real estate locations." The REIT has a 2.8% annualized yield. Read more here   $IIPR Last 4qtrs eps; +119%,+153%,+270%,+289%. Sales last 4qtrrs; +613%,+114%,+157%,+152%. The stock has formed a cup & handle, it has tightened up last few days, it printed an inside day yesterday. I have an interest in $IIPR for a trade if and only if it can get [...]

30 11, 2018

Top Industry Trade Idea

By |2018-11-30T08:32:37+00:00November 30, 2018 8:32 am|

Guardian Health $GH a recent new issue came public on 10/4/18 during a tough market environment but yet the stock has acted well. Guardant makes noninvasive blood-based cancer diagnostics tests based on proprietary technology. "The Guardant Health IPO priced 12.5 million shares at 19. That was above its estimated range of 15 to 17. Shares opened at 27.75 for an initial gain of 46%". You can read more about HERE. $GH Industry Group is the medical services group, ranked number 17 out of 197 @IBDinvestors groups. $GH is not making money yet, but the sales have been impressive in the last [...]

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