frankz

Momentum has slowed down a little bit, breadth has been somewhat weak, this is mostly due to the fact that the Russell 2000 has been down for three days in a row.Inauguration day and the beginning of earnings season are two catalysts some are pointing at as possible triggers for a pullback in the market. That remains to be seen and only time will tell.With earnings season right around the corner, it is important to check the earnings date of your holdings.My long-only watchlist consists of a few names with an extra focus on $POT $LC $AIRG and $BCO.Here is [...]

The market has a made a decent move after Trump won the election, one can assume that the industries that have made the largest moves are the biggest benefactors of Trump’s presidency. Below you can see the best performing industries on a 5-day basis, then on a 10-day basis and then you can see the full coverage (best-performing industries since 11/9). Large banks, Regional Banks, and the oil sector have been the clear standouts.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 [...]

UVXY a volatility fund that has wrecked many accounts is set to do a reverse split next week on 1/12/2017. Since its inception, UVXY has reverse split six times, these funds typically split after a prolonged move higher in the market. The stock market has a tendency to move higher over time, so like every bearish indicator, strategy, etc., they work sometimes but fail a majority of the time. However, when you couple volatility fund reverse splits, a new administration, breadth deterioration, and above all else price action you can start to see what are the probabilities of the possibilities.Click [...]

The weekly and daily chart of Citrix Systems are aligned. On the daily chart, we have an 8-1/2 month box and a pattern of higher lows. The stock recently broke to new highs and successfully retested the top of the trading range as you can see in the chart below.On the weekly chart, the stock has been going sideways since 2011. I'm always intrigued by bases because typically a prolonged period of contraction leads to an extended period of expansion. Stan Weinstein, the author of Secrets For Profiting In Bull and Bear Markets, has a great definition the "basing area," specifically the [...]

Non-farm payroll numbers were out earlier today, and the initial reaction to the (1st 30-minutes) is positive.Here's the short-term look of the SPY from a very trusted source @AlphaTrends, so far so good.I have an interest in few stocks today if and only if they are able to go through their respective highs from yesterday, 10 names on the list, but I will focus specifically on $Z $CTXS $CWT $AQMS $VEEV $HAIN, the weekly and daily charts are aligned.Here are the rest of the names;These ideas are what we consider swing trades that can last anywhere from 1-10 days. Most stocks [...]

Today we have a decent amount of stocks on the watchlist, I left out many names, and I will be paying a lot more attention to these names today; BTE, CTXS, SHOP. Those 3-names have decent consolidations both on the daily and weekly timeframe.Here are the rest of the names;We have an interest in these names if and only if they go through yesterday's high. That one single criterion on most days eliminates a bulk of the names. These ideas are what we consider swing trades that can last anywhere from 1-10 days. Most stocks if not all go through [...]

Lions Gate (LGF.B) and Potash (POT) are two stocks that are trying to emerge from bases. I'm always intrigued by bases because typically a prolonged period of contraction leads to an extended period of expansion. We have covered bases extensively here (SEE BELOW) on the blog, and they are one if not my favorite set-up.Stan Weinstein, the author of Secrets For Profiting In Bull and Bear Markets, has a great definition the "basing area," specifically the one's that are formed after several down months.The Basing Area: "After XYZ has been declining for several months, it eventually will lose downside momentum [...]

Not much commentary today besides the fact that I feel like the set-up are there, they just need to trigger and follow through which they have been doing somewhat.I have an interest in these stocks if and only if the go through yesterday highs plus .10 cents.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 Tweets & Blogs Into Actual 3rd Party Verified TradesWork With MeWe live in a world in which we are [...]

The FED raised rates yesterday, the DOW continues to flirt with media grabbing 20k level, energy companies took advantage of the recent rip in oil to announce $2-billion dollars in secondary and the year is coming to an end.The indices were down across the board, the negative action took place after the FED meeting. Gold (-1.47%) and the gold miners (GDX -5.47%, GDXJ -6.40%) were the biggest losers, and they are following through this morning.Looking at the big picture, the SP500 is still trading well above its recent 2.7-year breakout as you can see in the chart below. In other [...]

I don't usually discuss individual stocks, but when I do, it's because I feel very strongly about them.  I've highlighted three stocks in the last year; ATSG, AAWW, and NTDOY just recently.ATSG and AAWW are two Amazon derivative plays that can be huge benefactors of Amazon's dominance for quarters to come; you can see the original write up here.Nintendo is one we recently highlighted at $29 due to their recent release of the NES CLASSIC, which is turning out to be a huge hit. Write up here.I want to introduce you to TravelCenters;TravelCenters has been in business for over 40 years; their business includes [...]