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.
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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.