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"The top  stocks in the SP500 are equal in weight of the bottom 250." -Carter WorthOn 7/8/2016 the SP500 closed at 2,129.72 and on Friday it closed at 2,133.29. On 7/8/16 Eight of the nine S&P sectors were above their respective 50-day moving average, today only two are above.XLK and XLE are the only two S&P sectors above their 50-day, if you believe in relative strength then those are the two sectors to focus on.  The weakest of the bunch have been XLP, XLV, and XLU, these are the ones to look at if you believe in mean reversion.Click to enlargeOn a [...]

If you bought a stock for a trade (technical reasons) and it goes against you and you find yourself doing any of the things below, then you've been had.Visiting Yahoo Finance searching for news on the stock.Typing the $SYMBOL on the StockTwits or Twitter search bar.Reading the latest 10Q, 8k, etc.Checking seeking alpha.Adjusting the trendlines that were already drawn.Figuring out your cost basis if you buy additional shares.Zooming out to the weekly and monthly chart.Daydreaming about that one stock that you held after it when through your stop and made you whole a few weeks later, could it be Deja [...]

We all have a habit of putting all these "legendary investors" on a pedestal without actually knowing the details of how they do things. George Soros is one trader who people view as a God in the business, someone to look up to and try to emulate. His fund generated 30% annual returns, he is also known for making $1-billion dollars on a single trade, a trade in which they were risking $10-billion. These things sound awesome, what we don't know is the details, one which is that some of Soros trades almost bankrupted the fund, and how by October [...]

The SP500 continues to run in place, underneath the surface, we still have a decent amount of good set-ups.  Most of these set-up could use a boost from the market to get them going.LABU, WB, BIIB, VMW, GOOGL, MSFT, LC, CONN, KPTI, TRUP, HMSY, SYNC, DTLK, are the stock on my list that I have an interest in owning only and only if they go through yesterday's high plus .10-cents.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 [...]

What exactly is a great company?When does a great company stop being a great company?Can you tell beforehand when a great company will cease to be one?Will you have the conviction to hold on to a "great company" through significant drawdowns?For some, a good company is one which its stock goes up while you own it, and a horrible company when it goes down. Great companies come and go; each cycle has its fair share of Wall Street darlings that widowed a lot of portfolios years after. In the late 90's when I started in the business, we had Dell [...]

Fed Speakers will be on the mic today the entire day; Yellen testifies at 10:00 am, Bullard speaks at 10:15 am, Evans at 1:30 pm, 4:35 pm Mester speaks.  Over the long-term what they say matters less to where the market is going, in the short-term anything can move the market.The fourth quarter is typically strong, but they are quite different in election years. Schaeffer's Research.We are entering 177th trading day of the year, and here is why that's important, Ryan DetrickGEN, KPTI, NOMD, RDUS, FRGI, SYNC, PETX, are the stocks on my list today, I have an interest in getting involved [...]

The action has slowed down dramatically since the Fed meeting last week. My daily long watchlist has dwindled down to a handful of names after having way too many weeks prior.Normally the longer the list, the healthier the short-term action is.GEN, NOMD, NIHD, SN, BDE, WING, WYNN, QTWO, are the names on my list today.  I only have an interest in getting involved in these names if and only if they go through yesterday's high plus .10-cents.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 [...]

The Fed as expected did not raise rates; the market celebrated this event by gaining 1% on the day. As a matter of fact, mostly everything rallied including oil, metals, and bonds.  Going forward this combination of gaining 1% and oil, metals, and bonds rallying after a Fed meeting has not been kind for future returns going out 10-20 days as you can see on the chart below.  The initial pop was almost always retraced.via Steve DeppeWith that being said, we still have a decent amount of stocks that are set up properly that one can take advantage of.XTLY, BREW, [...]

Last night Twitter (TWTR) debuted Thursday Night Football, the Jets-Bills game was streamed live on Twitter.  Even though I think they can improve it by maybe allowing you to wager on the game, see some local restaurant ads in case you want to order food, etc, it was awesome. There's no need to invite friends over, you can watch the game and interact with thousands of people all over the world and debate it back and forth without spitting at the guy next to you or the food.  I think it will have bullish implications for the stock.The stock itself [...]

The market is still up for grabs in the short-term, next week's interest rate decision seems to have the market in a holding pattern.  We were down big last Friday, up big on Monday, down big on Tuesday, flat but volatile on Wednesday, up big yesterday, and giving up a chunk of yesterday's gain pre-market (some of the pre-market move is due to the SPY going ex-dividend, so it's not as bad as it looks).Amidst the market volatility, we are still finding a decent amount of swing setups that are worth getting involved with if they trigger.TWTR, HDSN, SQ, BIIB, [...]