You Chase You Lose
Tale of two markets, financials, and the energy names were the standouts yesterday while everything else took a beating. The Semiconductors wiped out their entire post-election rally in 2-days. I can’t say this enough; DON’T CHASE, this ain’t the 90’s.
The biotech sector has retraced their post-election ramp as well. Chances of seeing a retracement in the financials are high.
My best short-term barometer for swing trades is my rolling 5-day watchlist and that has been dead. A majority of the stocks are not even triggering (going through the previous day high).
Below are the stocks on my watchlist today, I have an interest in these stocks if and only if they go through yesterday’s high.
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.