Author Archive

• 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 and [...]

• 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 [...]

• Market Continues to Strengthen
  Joe Fahmy, March 1st, 2010 at 8:37 pm, Comments: 0

  On February 11th, I wrote that the market pullback of late Jan/early February had the feel of an 8-12% intermediate-term correction rather than an overall top (click here to read). Since then, I recommended to SLOWLY get back into the market and increase your investment levels as you begin to see a profit. Assuming you [...]

• Possible Rally Coming Soon
  Joe Fahmy, February 28th, 2010 at 11:06 pm, Comments: 0

  While going over my weekend screens, I noticed a number of stocks "setting up" technically across several different sectors. I feel that many of these stocks still need some time to build the right side of their bases. The market could consolidate while this happens and possibly breakout to the upside over the next 2-6 [...]

• Video Review 2-25-10
  Joe Fahmy, February 25th, 2010 at 10:23 pm, Comments: 0

  Going forward, I plan to implement videos into my blog. My purpose is to better explain some of my market thoughts and to review the stocks on my watch list. This is my first attempt at doing this so please bear with me. I recommend watching the video in the highest setting (720p) so the charts are clearer. [...]

• Slow and Steady
  Joe Fahmy, February 23rd, 2010 at 1:32 am, Comments: 0

  The NASDAQ Composite bounced off 2100 on February 5th and ran approximately 150 points in nine trading days. After these types of gains, it is normal to expect some form of consolidation. When the indexes barely pullback on light volume, as they did on Monday, I view this action as constructive and healthy.
  Over the past week, [...]

• Market Resilience
  Joe Fahmy, February 22nd, 2010 at 12:10 am, Comments: 0

  When the futures were down -1% last Thursday night, I mentioned that the market would "shake off" the Fed's discount rate increase. My reasoning was based on the strong price action of leading stocks and the number of stocks looking to complete the right side of their bases over the next 2-4 weeks. In other [...]

• What to look for on Friday…
  Joe Fahmy, February 19th, 2010 at 1:25 am, Comments: 0

  I believe in the phrase "stick to what you know." I am a stock trader and not an economist, so I try not to comment much about the Fed's actions. I prefer to "turn off the noise" and focus on the price action of leading stocks.
  Over the past few days, I mentioned to remain patient [...]

• Stocks to Watch
  Joe Fahmy, February 17th, 2010 at 9:54 pm, Comments: 0

  As I continue to wait patiently for the market to prove itself, here are some observations:
  1) The light positions that I took over the past week have worked out well so far: $NETL $CAGC $ISRG $GMCR $NFLX.
  2) I took some profits on $NETL into strength on Tuesday and it pulled back on light volume Wednesday. It's always a good [...]