The big news of the day is Intel’s (INTC) acquisition of MobilEye (MBLY) at a +30% premium.
The big news of the week is and will be the rate hike this Wednesday.
Seasonally this week has been a very positive week for the market as you can see in the chart below.
$BABA, $FIVN, $NTES, $TEAM, $YNDX, $TNA are the stocks on my long-only watchlist today.
We have an interest in these stocks if and only if they can get through yesterday’s high plus .10-cents, that is typically where our buy stops will be. This single criterion will narrow down the list to a handful of names unless of course, the market is super strong. You can also narrow down the list by float, price, sector, or whatever your preferences are.
These ideas are what we consider swing trades that can last anywhere from 1-10 days. Most stocks if not all go through momentum burst that lasts 1-10 days, that momentum burst is what we look to take advantage of.
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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