The market had a decent bounce yesterday led by the oil names that have been under pressure since December. We touched on two interesting oil plays yesterday that are due for a bounce LINK.
The big liquid names like AMZN, NFLX, FB, AAPL, are still holding up well. Newer names like SHOP, LITE, AAOI, are also acting very well.
The less news you consume, the better off you are, and trading should be part of an overall portfolio that also has a passive component.
Here’s my watchlist for today;
I have an interest in these stocks if and only if they go through their respective previous day’s high. Like Pradeep Bonde says; stocks move in momentum bursts that last 1-10 days. Here are few examples;
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, I prefer to allow the market to narrow down the list for me, by getting me in or keeping me out.
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.
We live in a world in which we are bombarded with information, tweets, blogs, etc., content is the new salesman, content is the new marketing, content is the new networking. With information being so readily available, bloggers try to differentiate themselves with their writing skills, volume, and consistency, putting out blog posts to meet quotas. We are seeking to stand out from the crowd by showing performance, by taking all the information and seeking alpha, that’s the sole purpose of the blog. It won’t always be pretty; it’s never easy, and performance is spotty, but we seek superior risk-adjusted returns, not notoriety for our writing skills. If this is something you can relate to, then this blog is for you.