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 email@example.com or 646-480-7463.
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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.