Archive for December, 2009

• Some Trading Rules
  Joe Fahmy, December 31st, 2009 at 12:35 am, Comments: 0

  As we enter into the New Year, I believe it is imperative to do “post analysis” of one's trading. In other words, go back and review what worked for you last year and more importantly, correct the errors. Becoming a successful trader involves constantly improving your skills and not being blind to past mistakes. I [...]

• Similarities to 2003
  Joe Fahmy, December 29th, 2009 at 3:02 pm, Comments: 0

  Two weekends ago, I called for an upcoming rally in the stock market (click here to read). Many people have asked me the reasoning behind this call. First and foremost, I base the majority of my decisions on how stocks are acting, especially the leaders. Over the past few weeks, I haven't seen much heavy [...]

• Notes for Tuesday 12/29/09
  Joe Fahmy, December 29th, 2009 at 12:14 am, Comments: 0

  As a swing trader, I find it very important to analyze the volume and price action of leading stocks and of the market on a daily basis. Why? Because the market is so dynamic and can change quickly. For example, sometimes I find strong trading ideas for 2 or 3 days and then...nothing, the ideas dry up. [...]

• Nothing But Stocks
  Joe Fahmy, December 27th, 2009 at 12:34 am, Comments: 0

  I'm going to keep the Market Commentary brief because I have many stocks to cover. I mentioned in last weekend's blog (click here to read) that the market would breakout to the upside over the next 3-6 weeks. Last week, this upside move began with a +3.3% gain on the NASDAQ Composite. Of course, the market will back [...]

• The American Dream
  Joe Fahmy, December 23rd, 2009 at 4:02 pm, Comments: 0

  "In 1923, seven men who had made it to the top of the financial success pyramid met together at the Edgewater Hotel in Chicago. Collectively, they controlled more wealth than the entire United States Treasury, and for years the media had held them up as examples of success. Who were they? Charles M. Schwab, president [...]

• Observations so far this week
  Joe Fahmy, December 22nd, 2009 at 4:10 pm, Comments: 0

  Let's review some positives and negatives so far this week: Positive signs: The market continues to be resilient. The Big Caps are acting strong and many trading ideas are working out very well. Recent examples highlighted on this blog include $LULU +9.3% $HGSI +8.5% $CERN +4.9% $CML +3.8% $AAPL +2.5%. These are two-day gains! Negative [...]

• Stock to Watch for Tuesday 12/22/09
  Joe Fahmy, December 21st, 2009 at 5:22 pm, Comments: 0

  Many of the stocks I highlighted in my weekend blog significantly outperformed the market on Monday. Examples include: $HGSI +5.1%, $BCSI +3.9%, $LULU +2.9%, $CML +2.4%, and $AAPL +1.4%. It would have been nice to see stronger volume in the overall market on Monday, however, the action of leading stocks keeps me positive. Here are a [...]

• The Upcoming Rally
  Joe Fahmy, December 19th, 2009 at 12:55 am, Comments: 0

  I feel the market will breakout to the upside over the next 3-6 weeks. Here are my reasons and some stocks to watch: 1) Big Caps: I have said all along "watch the action of the Big Caps." Why? Because the large institutions traffic in this area and watching these stocks usually shows us what they [...]

• Trading Ideas
  Joe Fahmy, December 16th, 2009 at 8:29 pm, Comments: 0

  As I mentioned yesterday, the market continues in a trading range but individual stock ideas are working out. For example, some of the stocks I discussed in my blog Tuesday night performed very well on Wednesday: $FIRE +7%, $RAX +5.6%, $JST +4.3%, $DRWI +4%, $ASH 2.1%. As expected on Wednesday, the Federal Reserve neither changed [...]

• Stuck in a Trading Range
  Joe Fahmy, December 15th, 2009 at 11:45 pm, Comments: 0

  The market continues its same pattern: rally for 2-3 days, stall for 2-3 days, selloff for 2-3 days, stabilize for 2-3 days, and then rally back for 2-3 days. The result is a three-month trading range between 2000-2200 on the NASDAQ Composite. So what do we do? The key is stock selection. Stock selection is [...]