Friday, March 31, 2017

Swing Trading Watchlist

The SPY (SP500) is back at a level that can offer some short term resistance; $236-$237. For traders that can have some short-term consequences, for investors is pretty much meaningless.

I have a few stocks on my watchlist today; $BZUN, $V, $GXP, $AMBA, $KEM, $HSIC, $NVRO, $IPGP, $PARR.

$V and $AMBA are two stocks that printed inside days yesterday, and both saw some call option activity. I have an interest in these two stocks if and only if they go through yesterday's high.



$KEM and $HSIC also look ready to a second leg higher after 3+ weeks of sideways action.


The semiconductor stocks have been on fire, $IPGP has been moving sideways after a leg up, it looks ready for its second leg higher. Volume is an issue with this stock.


$GXP and $PARR two oil-related names that have been basing for months, stocks that breakout from long bases tends to start a new leg higher that lasts weeks to months versus just showing a short-term burst that lasts 1-10 days.


Stocks move in short-term bursts that typically lasts 1-10 days, that's every stock. We have an interest in the names above if and only if they can get through yesterday's high. This single criterion will narrow the list for you and get you involved in the stocks that are beginning their move.

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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. 

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