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Profit Taking In January?

90% of your success as a trader should come from the work, research and effort you put in OUTSIDE of market hours. That's why I recommend traders do post analysis of their work and study market history. Since 2013 was a very strong year for the markets, we could possibly see some profit taking in January [...]

By |2016-11-26T07:10:50-05:00December 29th, 2013|Tags: , , , , , , , , , , , , |

A Story About Short Selling

Back in 1999, there was an Internet company called CMGI. For those of you who remember, the stock was INSANE! Split adjusted, it went from 0.30 cents to $120. After this happened, I spoke to a very sharp friend of mine who was managing a $2 Billion hedge fund. His exact words were: "Joe, this [...]

By |2016-11-26T07:10:51-05:00December 18th, 2013|Tags: , , , , |

Stories From 1999

I recently wrote a blog post titled "This is NOT a Bubble!" At the end of the post, I said I would tell a few stories from 1999 to emphasize my point that we are NOWHERE CLOSE to the bubble and the euphoria we saw back then. Enjoy! - Back in 1999, many of the [...]

By |2016-11-26T07:10:51-05:00December 13th, 2013|Tags: |

The Market’s Pattern This Year

Here is a pattern I have noticed in the market about 6 or 7 times this year: 1) The market goes on a 3-6 week run. 2) The run usually stalls when we get extended from the moving averages, bullishness increases (based on many sentiment measures), and active investment managers are aggressively long the market [...]

By |2016-11-26T07:10:51-05:00December 12th, 2013|

No Taper For a While

I recently gave a presentation at the Traders Expo. After my talk, someone came up to me and said: Back in August, you were the only person I know who said there would be no Fed taper in September. How did you know? He said everyone in the financial media said there would be a taper and [...]

By |2016-11-26T07:10:51-05:00December 4th, 2013|

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