VIDEO: Reasons For Caution
- Posted by Joe Fahmy
- on February 25th, 2013
In my last video, I mentioned to “stick with the trend.” Well, a few things have changed since then as we’ve seen heavy distribution in 3 of the last 4 trading days. Of course, the main positive is the never-ending QE that the Fed is providing; however, the main negative which can’t be ignored is the heavy selling and drying up of stock ideas. My best advice for now is to be a little cautious, raise some cash, and reduce your position size until the selling stabilizes and we get as clearer picture. Thanks for watching and good luck trading!
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Joseph Fahmy is the managing director at Zor Capital, LLC, a New York based investment management firm. Joe has over 17 years of trading experience...More » -
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