frankz

The energy sector (XLE) peaked back in December and its down -13% since then. However, $SN and $WFT are two energy stocks that look interesting to me right here right now.Weatherford International has shown tremendous relative strength versus the sector as you can see in the chart below, it has gained +27% year to date versus -9% for $XLE.The outperformance comes from some key news announcements;The departure of their CEO on 11/9/2016, the stock jumped 31% on the news.The hiring of Halliburton financial chief to run the company on 3/6/2017, the stock jumped 8%.A joint venture with Schlumberger to service the fracking [...]

There was a pause on the downside action yesterday, the small caps were flat, SP500 up 4 points, and the Nasdaq led by $FB, $AMZN, $AAPL, was up +.48%.Breadth was still on the negative side, while the indices were flat to up 1,426 stocks registered new 1-month lows.Typically, spikes in 1-month lows lead to short term bounces that are followed by a lower low on the indices.I have a few names on my watch-list today; $LJPC, $AGN, $BRKB, $HAL.$LJPC on 2/27 announced positive top-line results from a phase 3 study, the stock surged 90% the next day. What's interesting is that [...]

The SP500 went 109 days without a negative -1% close; we ended the day down -1.24%.  Now, -1.24% does not seem like a lot. However, individual stocks were murdered today. 526 stocks were down -4% or more today, the highest number since 9/9/2016. Spikes in stocks down -4% or more usually lead to a short-term bounce, but then it is typically followed by a lower low on the indices days later.We also had 1,121 new 1-month lows, 558 3-month lows, and 572 new year-to-date lows. The measly -1.24% loss in the SP500 doesn't tell you a quarter of the story.This [...]

The Federal Reserve raised rates by a quarter of a point, and the market reacted well to the news. The biggest laggards over the last couple of weeks were the biggest winners yesterday; Small caps and oils.  The bank stocks lagged and that probably was due to Yellen's comments about future rate hikes, they are not written in stone.$WTW, $EXAS, $NTES, $QTNA, $LITE, $GS, $FIVN,  are the stocks on my watchlist today.We have an interest in these stocks if and only if they can get through yesterday's high plus .10-cents, that is typically where our buy stops will be. This [...]

The big news of the day is Intel's (INTC) acquisition of MobilEye (MBLY) at a +30% premium.The big news of the week is and will be the rate hike this Wednesday.Seasonally this week has been a very positive week for the market as you can see in the chart below.$BABA, $FIVN, $NTES, $TEAM, $YNDX, $TNA are the stocks on my long-only watchlist today.We have an interest in these stocks if and only if they can get through yesterday's high plus .10-cents, that is typically where our buy stops will be. This single criterion will narrow down the list to a handful [...]

The market continues to rest, the SP500 is holding up well, IWM is the weakest, and the  QQQ has been the best performer.One and three-month lows are expanding but nothing to alarming as of yet.Russell 2000 vs 5-day average of 1-month lows.Russell 2000 vs 5-day average of 3-month lows.Today's Watchlist; $CTRL, $NTES, $CSII, $TARO, $YNDX, $LNG, $LRN.SIGN UP HERE FOR OUR STOCK PICK OF THE WEEK.Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at fzorrilla@zorcapital.com or 646-480-7463. See How I Translate My [...]

The market has been under pressure ever since over the last few days, and it has given up the entire gain of the feel good 1-day rally that we had after the Trump speech.The focus now seems to be on the imminent rate hike that will happen next week.There's not much to do here. SP500 stocks at 20-day highs have fallen off a cliff, but a more important barometer (20-day lows) has only seen a small expansion. An expansion of lows is more important than a deterioration of highs.SP500 STOCKS 20-DAY HIGHSSP500 STOCKS 20-DAY LOWSI have a few names on my [...]

It's only natural for the market to pullback after such a huge up day. However, the pullback to me in stocks and the actual indices was a little more than what I was looking for.The SPY, IWM, COMPQ, all closed below Wednesday's low.Only time will tell if it means anything, one thing is for sure; you can point out breadth divergences across the board, but new lows are not expanding. The expansion of new lows is more important to breadth measures than stocks not printing highs while the SP500 is.I have a few stocks on my list today; $INVE, $CNAT, [...]

The market had a huge up day yesterday; the Dow Jones was up +300 points, and the SP500 was up 1.37%. These are both big days after a decent move higher.There's not much to do here as far as swing trading; you take some off and ride the rest. I would not be aggressive putting on new positions until the market corrects either through time or price.Our stock of the week $CALA had a huge day yesterday up 28%. The report was released yesterday at 4:00 in the morning, you can sign up for our stock of the week report HERE.We only have [...]

The market loved the Trump speech, Dow Futures are up +160 points as I write this.Starting new swing long positions into a huge gap open is not one of my favorite things to do.I have a few stocks on my watchlist today, I will pay extra attention to $TEVA, $ERX, $GUSH, $OAS $SN, and $CNAT.Here's the rest of the list;We have an interest in these stocks if and only if they can get through yesterday's high plus .10-cents, that is typically where our buy stops will be. This single criterion will narrow down the list to a handful of names unless [...]