This week we have quite a few possible market moving events; earnings from Apple and Chipotle on Tuesday, Facebook on Wednesday along with a Fed meeting, Amazon and Gilead on Thursday.
We also have a couple of breadth indicators at interesting levels; Stockbee’s amount of stocks up 50% or more in a month is now above 20. When we have more than 20 stocks up 50% or more for the month, the market tends to slow down a little bit. I certainly don’t want to get overly aggressive on the long side in the short term especially in the sectors have fared best in the last few days (commodities).
My opinion and outlook are 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 to the market feel free to reach me at email@example.com or 646-480-7463.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this blog constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog. The stocks presented are not to be considered a recommendation to buy any stock. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.
Share This Story, Choose Your Platform!