Posts Tagged ‘CDE’

• 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. [...]

• Market Notes (11/17/09)
  Joe Fahmy, November 17th, 2009 at 4:01 pm, Comments: 0

  As I mentioned over the weekend, a strong volume move above 2190 on the NASDAQ Composite would be very constructive for this market. We got that on Monday. My main concern is that since we started this 150 point rally on 11/3, EVERY trading day has occurred on below-average volume. However, I remain optimistic because [...]

• Market Notes (11/15/09)
  Joe Fahmy, November 15th, 2009 at 11:15 pm, Comments: 0

  Some observations while doing my weekend stock work: 1) Big Caps: $AAPL $AMZN $GOOG $PCLN $ISRG $BIDU. Although leadership seems to be getting narrower, I believe these stocks will continue higher into the end of the year. We could possibly repeat a 2007 scenario where the NASDAQ topped in October 2007, but stocks such as [...]

• Market Notes (11/11/09)
  Joe Fahmy, November 11th, 2009 at 8:46 pm, Comments: 0

  I always try to keep an open mind when it comes to the market. I constantly say "never get too bullish or too bearish." Just do your homework, look objectively at both the positive and negative signs, and invest accordingly. That being said, let's review what the market has shown us the past few days. [...]

• Market Notes (10/20/09)
  Joe Fahmy, October 20th, 2009 at 11:29 pm, Comments: 0

  Although I noticed some stalling today, the action of the Big Cap growth stocks keep me positive on this market: $APPL broke out on strong volume, $PCLN made a new high, $GOOG rallied back on decent volume (a sign of support), $AMZN $GS and $BIDU held up well. In addition, all the major indexes are [...]

• Market Notes (10/15/09)
  Joe Fahmy, October 15th, 2009 at 11:12 pm, Comments: 0

  Stocks I am watching for possible breakouts soon (followed by some quick notes, so please excuse the grammar): $QSII: The chart is getting excruciatingly tight the past few days, a sign that the sellers are drying up. Medical software sector is strong. Approx. 30% of the stock's float is short, could fuel some upside above [...]

• Market Notes (10/14/09)
  Joe Fahmy, October 14th, 2009 at 7:41 pm, Comments: 0

  I am going to keep tonight's Notes simple. There's an abundance of liquidity, zero inflation, zero interest rates, fund managers chasing performance, and most importantly, stocks setting up and breaking out on strong volume (i.e. stocks acting healthy). Stop over-thinking, stop being an economist, and just focus on what the market is ACTUALLY doing! As [...]

• Market Notes (10/13/09)
  Joe Fahmy, October 13th, 2009 at 9:01 pm, Comments: 0

  The NASDAQ Composite finished up +4.4% last week. Usually after an index makes a nice gain, it needs to “back and fill,” retrace, or correct a little and digest its gain. What impresses me the most is that the NASDAQ has not given ANYTHING back so far. It closed last Friday at 2139, Monday at [...]

• Market Notes (10/11/09)
  Joe Fahmy, October 11th, 2009 at 10:22 am, Comments: 0

  For those of you new to my investment blog, the most important criteria I use to judge the health of the stock market is the price action of leading stocks. While reviewing my technical, fundamental and quantitative screens this weekend, I continue to find a large number of stocks “setting up” and looking like they [...]

• The Three Ways I Use Relative Strength
  Joe Fahmy, October 8th, 2009 at 11:38 pm, Comments: 0

  Relative Strength (RS) is one of the most powerful indicators that I use to evaluate a stock. It is a proprietary ranking number found in Investor's Business Daily or in the Daily Graphs Software product. My definition is simple: “relative” to the market, stocks showing better “strength.” Here is the official Investor’s Business Daily definition: The [...]