- Posted by Frank Zorrilla on December 16th, 2014 at 10:02 pm
–These are the facts about the current state of the market. These are not opinions nor I’m I trying to imply what the next move is, the information below should give you an idea of what to maybe expect.
–The SP500 is down 4.96% from its all time high which it reached on 12/5/2014, the average correction since 2009 is 6.7% lasting on average 16.9 days. The average correction this year is 5.3% lasting 16 days, we are at 4.96%.
–The $VIX is now 39% above its 10 day moving average and up 76% this month, up 99% from the 12/5 close with the SP500 down only 4.96%.
–The average $VIX spike since 2013 from the $12 level has been roughly 64% we are at 76% now.
–Telechart’s McClellan oscillator closed under -200, dead cat bounces start from these levels, see chart below.
–The stocks that were holding up well finally got hit today $FB $KORS $UA $Z to name a few. What got hit first, the oil names, they were the ones that closed up today. FIFO, first in first out, (oil names are probably only good for a dead cat bounce).
–The Russell 2000 and the Microcaps are holding up better than the DOW and SP500 since we peaked on 12/5, many view that as a positive, some might say that the smaller names have less overseas exposure (perhaps Russia) so they are holding up better.
A proprietary indicator from Pradeep Bonde has spiked to a level that has led to bounces.
–Even with today’s reversal we had more stocks up from the open than down.
Frank Zorrilla is the founder of Zor Capital LLC a New York based investment management firm. Our goal is superior performance, with preservation of capital as our number one priority. Zor Capital manages separate accounts (both taxable and retirement) for accredited investors and institutions. This structure gives clients access to a hedge fund like strategy while maintaining 100% control of their accounts. Managed Assets
15 Tips To Improve Your Trading
Posted by Frank Zorrilla on December 13th, 2014 at 6:49 am
1. Tune out the noise (maybe the financial news). 2. Tune out the noise (maybe social financial media). 3. Tune out the noise (maybe […]
What You Can and Cannot Control In Trading
Posted by Frank Zorrilla on December 6th, 2014 at 7:48 am
You can control how much money you put behind the idea. You can control which markets you trade in. You can control how much you […]
Trade Ideas 12/3
Posted by Frank Zorrilla on December 3rd, 2014 at 8:59 am
This Is The Only Way To Invest
Posted by Frank Zorrilla on November 22nd, 2014 at 1:34 pm
It seems like the tone in the blogsphere arena nowadays goes something like this—if you are not investing/trading like we are then you are wrong […]
In Case You Are Wondering What Is Happening Underneath the Surface
Posted by Frank Zorrilla on November 17th, 2014 at 7:40 pm
The Russell 3000 index is comprised of the largest 3,000 U.S. companies, basically its 95% of the investable U.S. equity market. Here is what the […]
How To Manage Money Like Joel Greenblatt
Posted by Frank Zorrilla on November 17th, 2014 at 12:26 pm
This is a great video by legendary investor Joel Greenblatt. Joel talks about; Diversifies with longs and shorts. What’s is the secret ingredient in investing. […]
6 Lessons From The Top Endowments on How To Manage Your Money
Posted by Frank Zorrilla on November 15th, 2014 at 8:15 am
I just finished reading The Ivy Portfolio (How to Invest Like the Top Endowments and Avoid Bear Markets), its a gem , an easy fast […]
Swing Traders LinkFest, Bad News Bears
Posted by Frank Zorrilla on November 12th, 2014 at 4:07 pm
We Need More Bad News–Mike Harris Another Myth Busted–Cullen Roche Gold Is Poised For A Bounce–Jeff Hirsch Back To Basics–Pradeep Bonde Sign Up For Free […]
Swing Traders LinkFest–TrendFollowing, Flame Out, Crude, Non-Farm
Posted by Frank Zorrilla on November 7th, 2014 at 8:01 am
Just when I thought I was out they pull me back in–Josh Brown Seasonality Suggests It’s Time To Buy Crude–StockAlmanac A Total Wash Out For […]
Frank Zorrilla is the founder and chief investment officer of Zor Capital LLC.He began his Wall Street career 10 days after his 20th birthday when he became a Series 7 licensed stock broker. More »
Sign up for ZorTrades FREE updates.
Additional Articles and Updates
- The Current State Of The Market
- 15 Tips To Improve Your Trading
- What You Can and Cannot Control In Trading
- Trade Ideas 12/3
- This Is The Only Way To Invest
- In Case You Are Wondering What Is Happening Underneath the Surface
- How To Manage Money Like Joel Greenblatt
- 6 Lessons From The Top Endowments on How To Manage Your Money
- Swing Traders LinkFest, Bad News Bears
- Swing Traders LinkFest–TrendFollowing, Flame Out, Crude, Non-Farm