frankz

It was a very volatile session yesterday.  The standout were the miners $GDX, which this morning are gapping up to a significant resistance level--2008 lows and a declining 200-day moving average.For the short term speculator, the $SPY has given you a range to sell the rips and buy the dip, $187-$192.CREE, CTRP, WTW, WING, GLBL, VG, CRM, TRIP, XBI, SXCP, DUST, are stocks of interest on the long side today.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.Work With [...]

There is no doubt in my mind that in the current market environment less is better for a majority of the participants.  However, I also believe that you have to stay engaged, go through the motions so you can stay in tuned with the market.The biotechs have been under pressure all year, but stocks/ETF's go up and down not up or down.  It seems that $XBI has found support at the $48.50-$48.70 level--if you drill down the chart to an intraday level you might be able to find a trade on the long side with a close stop below the [...]

The market is off to a rough start this year, many investors have been concerned about the market for the last few years as it was making new highs every other month, you can only imagine how sour sentiment is now that the market is making multi-month lows.Today we are checking in on the Robo Advisors, Betterment and Wealthfront.  Passive investing has been the talk of the town for the last few years, the amount of money moving out of tactical/active management into passive investing has been tremendous.  The biggest road block investors in the passive strategies will encounter is sticking [...]

As long as the indices stay above their 30-minute moving averages, speculators in the 0-5 day time frame should probably focus on long ideas unless of course they are shorting an extended move higher.$DFRG, $HCKT $VG $ANF are the stocks on my long watch-list.  My only interest in getting long these stocks is if and only if they go through the previous day high plus .10 cents.  These stocks are have contracted over the last few days and move above the contraction should lead to a period of expansion.$NOC, $SBNY are two stocks to consider on the short side. Frank [...]

The above chart is a chart that gets thrown around a lot by the perma-bears and fear mongers, to let people know that the market has gone up too much, and it's due for another 50% decline.  As you can see, the chart has been publicised countless times---when the SP500 was up 95%, 125%, 150%, etc...Bull markets can last longer than people can stay rational.  But something is about to happen that will put the wind behind the perma-bears backs.  The simplest and most general definition of whether or not we are in a bull or bear market is if we are [...]

Facebook just hit the ball out of the park again.  The stock is up 14% due to its earnings announcement last night.  Revenues rose 52% year-over-year to $5.84 billion dollars, and earnings per share grew 46% year-over-year to .79 cents per share.  The 14% spike in the stock completely erases its 2016 losses and puts it a stone throw away from all-time highs.Wall Street Analysts are tripping over themselves increasing their price targets:Morgan Stanley $130 to $135Susquehanna $130  to $140JP Morgan $127 to $136Wedbush $115 to $128Cowen $125 to $140Deutsche Bank $125 to $145Piper $155 to $170What now?  I'm not [...]

On Wednesday of last week, we finally had some panic and despair show up, Google trends for the search of bear market hit levels not seen since 2008-2009.  If you remember, the S&P500 was down to the tune of 50% from its 2007 all time high.  So far this correction is in line with the average intra-year decline for the last 30 years which is roughly 14%, 15% is the average intra-year since 2009.  Despite the average intra-year drops of 14.2% the SP500 has managed to close higher in 27 of 36 years (75%).Before today’s rout the SPY managed a [...]

It's Too Late To Short/SellOriginally posted Wednesday, January 20, 2016It's simply too late to short.  With SP500 down 11%, QQQ -13%, IWM -15%, since their 12/30/2015 high, it is simply too late.  If you believe that this will be 2008 all over again, chances are high that you might get an opportunity to short at better prices.  As you can see in the chart below, 2008 started with a 14% decline that was followed by a 10% dead cat bounce that led to some sideways action.The largest rallies have happened in bear/corrective markets that are below the 200-day moving average [...]

It's simply too late to short.  With SP500 down 11%, QQQ -13%, IWM -15%, since their 12/30/2015 high, it is simply too late.  If you believe that this will be 2008 all over again, chances are high that you might get an opportunity to short at better prices.  As you can see in the chart below, 2008 started with a 14% decline that was followed by a 10% dead cat bounce that led to some sideways action.The largest rallies have happened in bear/corrective markets that are below the 200-day moving average as you can see below:Be patient, you will get [...]

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