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Posted by ZorTrades

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.

The View; State Of The Union

by ZorTrades on February 13, 2013

in Stocks, Technical Analysis

I would summon everyone to read the State Of The Union, surely there were some stock ideas within the speech.  As far as The View is concerned, any time I see pretty much all the $VIX etf’s ($VIIX, $TVIX, $VIXX, $VIXM, $UVXY, $VIXY) on the down 6 consecutive days or more list I get concerned about the market in the short term.  I would also focus  on the $DBA for a possible mean reversion play, it’s down 8 days in a row and it has closed 5 consecutive days below its lower bollinger band.  $GDXJ $GLDX are down 7 days in a row and could possibly set up as mean reversion play as well, I would also look at some individual miner names as well.

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