Scarcity

Scarcity

As far as the way I see things we have a very limited amount of decent risk reward entries; this is no surprise given the straight up move we have witnessed since the election. Sideways action would do wonders to a lot of charts and set them up better for a second move higher. Holding on to your current holdings and or waiting for some corrective price action via price or time is probably your best bet as a swing trader.

With that being said, below you can have the Top 20 Sectors based on 3-month momentum. This is always good to know since a bulk of a stock’s move is correlated to its sector/industry move.

Most of the individual stocks within the above sectors are extended in the short-term.
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. 

By |2018-02-02T12:07:57+00:00November 28, 2016 8:50 am|

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