Archive for March, 2010

• Just When We Can’t Go Higher…
  Joe Fahmy, March 29th, 2010 at 6:22 pm, Comments: 0

  One of my favorite stock market sayings is: "Just when you think something can't go higher, it usually does, and just when you think something can't go lower, it usually does." A perfect example of this is the price of oil over the past few years. When oil went from $40 to $100, many market [...]

• The Market Tends to Fool the Majority
  Joe Fahmy, March 22nd, 2010 at 8:45 pm, Comments: 0

  In my weekend blog post, I mentioned 3 possible scenarios: 1) The market could continue to be resilient and scream higher 2) The market could correct before heading higher or 3) We could possibly see an overall top. I thought we would see scenario #2. After my post, I received several emails in which everyone [...]

• Ideas are Drying Up
  Joe Fahmy, March 21st, 2010 at 1:43 pm, Comments: 0

  While going over my weekend stock screens, I noticed very few "quality setups." By this, I mean "safer entry points" to initiate new positions. What I really saw was some subtle distribution over the past two days. I am not turning bearish. I am simply saying that many leaders have made strong moves since I [...]

• Recommended Reading List
  Joe Fahmy, March 17th, 2010 at 5:05 pm, Comments: 0

  I posted this list back in October. I am re-posting it now because I constantly get asked questions about trading, the stock market, chart reading, etc. As Jesse Livermore said: "Trading is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or for the get-rich-quick adventurer." In other words, to [...]

• Some Stocks to Watch
  Joe Fahmy, March 15th, 2010 at 9:30 pm, Comments: 0

  The market continues to act well. In the following video, I go over some of the constructive signs I saw on Monday as well as some stocks to watch. For best results, I recommend maximizing your screen and watching the highest quality video setting (720p) so the charts are clearer. Follow me on Twitter @jfahmy

• A Good Entry Point is Everything!
  Joe Fahmy, March 14th, 2010 at 5:41 pm, Comments: 0

  Whether you are a short, medium, or long-term trader, having a good entry point on your purchases is very important. It can help you sit through corrections in your stocks, many of which could be normal pullbacks or retracements in an overall strong uptrend. In the following video, I go over some keys to look for when buying a [...]

• Market Wants Higher
  Joe Fahmy, March 11th, 2010 at 2:53 pm, Comments: 0

  I see two scenarios from here: 1) The market goes higher or 2) We have a quick pullback and the market goes higher. My point is...I feel the market will continue higher over the next 4-6 weeks. I am basing this on the following observations: 1) Stocks are acting very strong technically. Over the past 3-4 weeks, I [...]

• Relative Strength Video
  Joe Fahmy, March 7th, 2010 at 1:58 pm, Comments: 0

  Back in October 2009, I posted an article titled: "The Three Ways I Use Relative Strength" (click here to read). During the recent Jan/Feb correction, I applied the concepts from this article to find a group of stocks that SIGNIFICANTLY outperformed the market. I describe the thought process in the video below. For best results, [...]

• Why I Hate the Jobs Report
  Joe Fahmy, March 4th, 2010 at 11:42 am, Comments: 0

  Out of all the economic reports, the monthly Jobs Report seems to get the most attention. This report comes out at 8:30AM EST on the first Friday of each month. Here are the main reasons why I ignore this report: 1) CNBC calls this report the "Grand Daddy of them all." This is an obvious [...]

• Healthy Signs
  Joe Fahmy, March 4th, 2010 at 12:32 am, Comments: 0

  After two big volume accumulation days on Monday and Tuesday, it was nice to see the market consolidate on low volume Wednesday. I always find it constructive when indexes make strong progress and barely give any of their gains back. Hopefully, you were able to take advantage of the abundance of breakouts the past few [...]