Posts Tagged ‘IPXL’

• Market Wants Higher
  Joe Fahmy, March 11th, 2010 at 2:53 pm, Comments: 0

  I see two scenarios from here: 1) The market goes higher or 2) We have a quick pullback and the market goes higher. My point is...I feel the market will continue higher over the next 4-6 weeks. I am basing this on the following observations: 1) Stocks are acting very strong technically. Over the past 3-4 weeks, I [...]

• 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, [...]

• 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 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 [...]

• 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 [...]

• Weekend Commentary and Watch List
  Joe Fahmy, February 13th, 2010 at 11:58 pm, Comments: 0

  As I wrote last week, this recent market pullback has the feel of an 8-12% intermediate-term correction rather than an overall top. I gave my reasoning in Thursday's blog post (click to read). While going over my weekend screens, I noticed that many stocks are putting in tight patterns on their Weekly charts and could be building [...]

• Updated Market Thoughts
  Joe Fahmy, February 11th, 2010 at 2:32 pm, Comments: 0

  This recent market pullback has the feel of an 8-12% intermediate-term correction rather than an overall top. I am basing this on a several observations: 1) For the most part, stocks are holding up well. 2) After major Bear Market declines of 50% or more, the average new Bull Market lasts for 18-24 months with [...]