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 email@example.com or 646-480-7463.
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