In Case You Are Struggling This Month

This month it has been all about the indices, most individual stocks are not really participating in this recent up move.  Here are some stats:

  • The Nasdaq started this month at 4408 with 67% of all stocks above their 20 day ma, today we are 4473 with only 41% of all stocks above their 20 day moving average.
  • The Russell 3k etf $IWV started the month at $117.74 with 67% of the stocks within the Russell 3k above their 10 day ma, today we sit at $118.28 with only 41% of the stocks above their 10 day ma.
  • The advance-decliners (NYSE+NASDAQ+AMEX) 10 day moving average is negative.
  • We have more stocks down 13% in the last 34 days than up.
  • My best swing trade barometer, my rolling 5 day watch-list has been dead.

This does not mean go out and short, if something is not bullish it doesn’t mean that it’s actionable in a bearish way.  It means that there is a time to be aggressive and there is a time to lay back as a swing trader.  You have to be aware of the current situation and accept it or you are going to chop yourself to pieces in this type of environment and kill your confidence.  So, if you are struggling to gain any traction this month, it is probably not all you unless you are the bearish type that wants to short every divergence.

As for me, I’m moving pawns around preserving my lead.

nas_vs_20

nas_vs_40da

 

Sign Up For Free Updates

Zor Capital LLC is a New York based investment management firm, founded in 2011. 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


  • Sitting As A Strategy
    Posted by on July 19th, 2014 at 7:56 am

    At times money comes easy in the market, a time where you can do no wrong, we all witnessed this with the biotechs a few […]

  • The Reason For The Sell Off
    Posted by on July 10th, 2014 at 10:14 am

    Maybe it was the forever low reading of the equity put to call ratio that finally caught up to the market–doubt it, that indicator as […]

  • The Whole Truth Nothing But The Truth
    Posted by on July 2nd, 2014 at 9:27 am

    The first half of the year is over, and what we are going to do here is look at the top 48 winners of the […]

  • Trade Alerts
    Posted by on June 24th, 2014 at 9:03 am

    Every morning I go through a few of my scans to find buy candidates for the day.  Depending on the current state of the market […]

  • Ring The Alarm
    Posted by on June 6th, 2014 at 10:35 am

    The ADT Corporation provides electronic security, interactive home and business automation, and related monitoring services under the ADT, ADT Pulse, and Companion Service brands to […]

  • And The Beat Goes On
    Posted by on May 27th, 2014 at 7:54 am

    I’m still excited about my daily long only watch-list, the excitement started 2 trading days ago after a long hiatus, you can see here and […]

  • It Was A Good Day
    Posted by on May 23rd, 2014 at 6:57 am

    Yesterday was the first time in a while that I was excited about my long only watch-list and it was a good day.  Some of […]

  • The Boys Are Back In Town
    Posted by on May 22nd, 2014 at 8:00 am

    This is the first time in a while that I’m excited about my long only watch-list, I have a lot of names that could possible […]

  • The Tale Of Two Tapes II
    Posted by on May 7th, 2014 at 3:54 pm

    The carnage that is going on underneath the surface in some growth names while the Dow Jones and the SP500 hangout near highs is comical […]