frankz

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 [...]

Here's How You Narrow Down The Universe Of Stocks From 7k Names To 300 using fundamentals. #IBDPartner.  

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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% [...]

$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 [...]

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; [...]

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 [...]

On a daily basis, I go through 500-1000 charts, I run four different scans and then look at the top 200-500 stocks with the highest momentum. All this takes me about 30 minutes; I know exactly the type of set-up I’m looking for to take advantage of some of the short-term moves that happen on a consistent basis. I narrow down the universe of stocks to a handful of names; then the market will narrow down the list further by getting me in or keeping me out of the names that make my list. The market gets me into the [...]

The market has been red-hot lately, heavily shorted stocks are getting squeezed; $PI, $GME, $ROKU, $FOSL, $DDD, this could be a theme that is developing. Fairly new IPO'S are acting well especially the Chinese ones; $BILI, $HUYA, $IQ, $SOGO. There's a lot of high fiving on twitter right now and a lot of bear trolling. There are certain times when breadth and the action are so good that it becomes a short-term negative that could lead to a small pullback. My rolling five-day watchlist is my best barometer for the health of the market when it comes to short-term trading, right now the [...]

On a daily basis, I go through 500-1000 charts, I run four different scans and then look at the top 200-500 stocks with the highest momentum. All this takes me about 30 minutes; I know exactly the type of set-up I’m looking for to take advantage of some of the short-term moves that happen on a consistent basis. I narrow down the universe of stocks to a handful of names; then the market will narrow down the list further by getting me in or keeping me out of the names that make my list. The market gets me into the [...]