frankz

Oil stocks are under pressure this morning, there's a big OPEC meeting tomorrow that will probably dictate the short-term movement of oil stocks.Market continues to be extended by many measures, that at times means something other times it doesn't. The longer your time frame the more irrelevant these short-term measures are.  One interesting breadth measure that confirms that we are extended is Pradeep Bonde (Stockbee) breadth measure of how many stocks are up +50% or more in the last month.  That number is now at 35, typically above 20 signifies a hot market and this when momentum starts to wane.With the [...]

Like I said in the previous post, by many measures the market is short-term extended, sideways to down action would be healthy and there's a limited amount of decent risk reward entries.With that being said, OLED, LC, FELP, PI, YRD, EDIT, are the names on my long only watch-list today. I have an interest in these names if and only if they go through their previous day high.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 [...]

As far as the way I see things we have a very limited amount of decent risk reward entries; this is no surprise given the straight up move we have witnessed since the election. Sideways action would do wonders to a lot of charts and set them up better for a second move higher. Holding on to your current holdings and or waiting for some corrective price action via price or time is probably your best bet as a swing trader.With that being said, below you can have the Top 20 Sectors based on 3-month momentum. This is always good [...]

LGF, HAWK, BERY, EGOV, XON are 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 and start [...]

The market continues to grind higher, low-risk are scarce and a small pullback would do wonders to many charts.CTRV, OI, TA, QCOM, GILD, are the names on my long only watchlist that are of interest if and only if they go through yesterday's high.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 Me

The indices have been grinding higher over the last two weeks, the stocks that took off initially (bio's, small caps, financials) have slowed down a little over the last two days allowing the post-election losers to bounce a little, specifically FANG.CTRV, AKAM, OI, FMSA, PYPL, TWTR, MPC, YELP , CYOU, QCOM, are the names on my long watchlist today. These stocks are actionable to me if and only if they go through yesterday's high.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 [...]

Nintendo has turned back the clock by re-releasing the original Nintendo console, now called NES mini, fully downloaded with 30 games. So far it has been an absolute hit, sold out everywhere (partly due to limited supply) and selling on Ebay for over for over $200, the original price is $60. The NES Classic without a doubt is the Christmas gift to have for those who grew up playing the original Nintendo.My opinion is subject to change as new information comes in.Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and or feedback in regards [...]

It was an unforgettable week for Wall Street and Main Street. It all started Tuesday night, as Trump chances of winning was becoming clearer the dimmer the Futures were looking. At around 11 pm when it was almost clear that he would be the new President the SP500 futures were limit down -5%.One has to wonder if Hillary had won if the reaction would've been the exact opposite; limit up first and then limit down.Leading up to the elections there was a lot of put buying, and one can argue that many were caught off guard on the short side and [...]

Two things that stood out today; the huge day the biotech sector had and the underperformance of FANG; Facebook, Amazon, Netflix, Google, Apple, were all down.You can attribute the huge performance in the biotech sector to the fact that the Republicans won the House and that Hillary lost the election. A lot has been priced in the biotech sector; I'm just not sure the headline risks are gone.The FANG underperformance today probably stems from the fact that the Trump administration might push them to bring back the boat load of cash they have overseas.  I think it is too early [...]

We just had one of the most if not the most memorable election in history. The Dow Jones had a decent swing overnight, roughly 900-points (5%) on the back of Trump winning the election. Throughout history, we have been through many crises, big events, etc., that tend to cloud our judgment in the short term that ends up costing us in the long term. With the rise of social media, and up to the minute news, the future events will be sensationalized a lot more than they should be. In the short term, anything can happen, over the long term the [...]