Posts Tagged ‘FIRE’

• 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 [...]

• Nothing But Stocks
  Joe Fahmy, December 27th, 2009 at 12:34 am, Comments: 0

  I'm going to keep the Market Commentary brief because I have many stocks to cover. I mentioned in last weekend's blog (click here to read) that the market would breakout to the upside over the next 3-6 weeks. Last week, this upside move began with a +3.3% gain on the NASDAQ Composite. Of course, the market will back [...]

• 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 [...]

• The Upcoming Rally
  Joe Fahmy, December 19th, 2009 at 12:55 am, Comments: 0

  I feel the market will breakout to the upside over the next 3-6 weeks. Here are my reasons and some stocks to watch: 1) Big Caps: I have said all along "watch the action of the Big Caps." Why? Because the large institutions traffic in this area and watching these stocks usually shows us what they [...]

• Trading Ideas
  Joe Fahmy, December 16th, 2009 at 8:29 pm, Comments: 0

  As I mentioned yesterday, the market continues in a trading range but individual stock ideas are working out. For example, some of the stocks I discussed in my blog Tuesday night performed very well on Wednesday: $FIRE +7%, $RAX +5.6%, $JST +4.3%, $DRWI +4%, $ASH 2.1%. As expected on Wednesday, the Federal Reserve neither changed [...]

• Stuck in a Trading Range
  Joe Fahmy, December 15th, 2009 at 11:45 pm, Comments: 0

  The market continues its same pattern: rally for 2-3 days, stall for 2-3 days, selloff for 2-3 days, stabilize for 2-3 days, and then rally back for 2-3 days. The result is a three-month trading range between 2000-2200 on the NASDAQ Composite. So what do we do? The key is stock selection. Stock selection is [...]

• 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 (11/22/09)
  Joe Fahmy, November 22nd, 2009 at 4:45 pm, Comments: 0

  My apologies for the infrequent updates last week as I attended the Traders Expo in Las Vegas. I am pleased to have met some great traders from the StockTwits Network. I look forward to continuing to build strong friendships and networking with more sharp traders. On to my review of last week's market action: Overall, I feel [...]

• 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 [...]