The Market Is Being Held Hostage

The Market Is Being Held Hostage

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, KKR, CMG, DATA, GOL, RDUS, RH, SPU, TWLO, ACIA, LN, CHUBA, DLR, AKS.  I have an interest in getting long these names if and only if they go through yesterday’s high plus .10 cents.

Some of these names will trigger, some won’t, the market will decide that. We choose the stocks, input the orders and then allow the market to do what it’s going to do.

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 the market feel free to reach me at fzorrilla@zorcapital.com or 646-480-7463. 


The information in this blog post represents my opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
By |2018-02-02T12:08:08+00:00|

About the Author:

Leave A Comment