Archive for January, 2010

• Stay Out Of This Market!
  Joe Fahmy, January 31st, 2010 at 5:47 pm, Comments: 0

  On January 15th, when the NASDAQ Composite was above 2300, I tweeted that the market looked tired and that we could correct down to 2200-2220. I repeated those cautious comments again on this blog on January 20th (click here to read). While I didn't expect the NASDAQ to correct 100 points in two days, the [...]

• Listen to the Warning Signs
  Joe Fahmy, January 21st, 2010 at 5:18 pm, Comments: 0

  As I mentioned in yesterday's blog, the market is flashing plenty of warnings signs: 1) The majority of stocks are in "correction" mode right now. Wait patiently for stocks to set-up again and offer attractive "low-risk" entry points. 2) The distribution days are piling up with Thursday (1/21) being one of the highest volume down days [...]

• Recommending Caution and Patience
  Joe Fahmy, January 20th, 2010 at 7:18 pm, Comments: 0

  My apologies for not writing in a while. As I mentioned in my last post, I have been focusing my attention on my growing money management business. We recently partnered with a well established RIA (Registered Investment Advisor). If anyone is interested in any of our managed account products, please email me directly at jfahmy@zenithasset.com. [...]