Posts Tagged ‘CAAS’

• 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 [...]

• 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 [...]

• 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. [...]

• Observations so far this week
  Joe Fahmy, December 22nd, 2009 at 4:10 pm, Comments: 0

  Let's review some positives and negatives so far this week: Positive signs: The market continues to be resilient. The Big Caps are acting strong and many trading ideas are working out very well. Recent examples highlighted on this blog include $LULU +9.3% $HGSI +8.5% $CERN +4.9% $CML +3.8% $AAPL +2.5%. These are two-day gains! Negative [...]

• Stocks on my Watch List
  Joe Fahmy, December 13th, 2009 at 11:45 pm, Comments: 0

  Over the past month, I have pointed out that the trend of low volume bothers me because it shows a lack of conviction from the large institutions. One thing that would give me more confidence in the stock market would be finding stocks that are building sound technical bases and breaking out on strong volume. [...]

• Watch the Big Caps
  Joe Fahmy, December 9th, 2009 at 5:05 pm, Comments: 0

  The Big Cap growth stocks continue to act well. Even if you do not trade these stocks, observing their price action can give you decent clues about the market’s overall health since this is where the large institutional growth managers traffic. As I have mentioned in the past, many large funds are significantly under-performing the [...]

• Market Flashing Warning Signs
  Joe Fahmy, December 8th, 2009 at 4:39 pm, Comments: 0

  1) The market is flashing warning signs. Specifically, I am noticing a lack of quality stocks breaking out of sound technical bases and the number of distribution (professional selling) days is adding up. 2) So what do I recommend? Keep trading positions light, raise some cash, and wait for healthier conditions. 3) I have to point out [...]

• Pump Up The Volume!
  Joe Fahmy, December 3rd, 2009 at 8:25 pm, Comments: 0

  Since the beginning of November, almost every trading day has occurred on below average volume. Why does this trouble me? Because it shows very little conviction from the big institutions. As a result, we've been stuck in this 3-month trading range between 2000-2200 on the NASDAQ Composite. There are a few possible scenarios from here: [...]