Oil In Focus
The big news of the day so far is OPEC agreeing to cut 1.2m barrels per day. Crude enjoyed most of its gains before the news hit.
Individual stock momentum has waned a little bit, and my best short-term market barometer for the market is my 5-day rolling watchlist, and that has been weak. That can obviously change in a heart beat and just tells you that it ain’t always sunshine and rainbows.
Below are the stocks on my watchlist that I have an interest in getting long if and only if they go through yesterday’s high.
A majority of stocks move in spurts, after a period of consolidation they tend to breakout in the direction of the preceding trend, the spurt typically lasts 3-5 days, here’s an example;
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 firstname.lastname@example.org or 646-480-7463.
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