Posts Tagged ‘NTES’

• 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 [...]

• 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 [...]

• Market Notes (10/7/09)
  Joe Fahmy, October 7th, 2009 at 5:43 pm, Comments: 0

  I view Wednesday’s stock market action as constructive and healthy. Earlier this week, the NASDAQ Composite nicely bounced off its 50-day moving average. I figured it would meet some resistance on the way back up near its 20-day (around 2104). I was pleased to see the market not only hold up well on light volume [...]

• Market Notes (10/6/09)
  Joe Fahmy, October 7th, 2009 at 1:57 am, Comments: 0

  As I mentioned in yesterday’s Market Notes, the only thing I didn’t like about Monday’s action was the lack of volume in the indexes and individual stocks. However, it wasn’t a major concern for two reasons: 1) every market selloff over the past 3 months began its recovery on light volume. For example, the pullbacks [...]

• Market Notes (10/5/09)
  Joe Fahmy, October 5th, 2009 at 7:44 pm, Comments: 0

  I am going to try and get in the habit of writing “weeknight” Market Notes to summarize the trading day and give some ideas for the following day. As I mentioned in yesterday’s Market Notes, I came into Monday cautious and wanted to see the market prove itself. A positive sign was that buyers stepped in [...]

• Market Notes (10/4/09)
  Joe Fahmy, October 4th, 2009 at 11:53 am, Comments: 0

  In order to analyze the stock market effectively, a trader must FIRST, pay attention to the action of leading stocks and SECOND, observe the daily volume of the major indexes. As you gain experience and practice in these two areas, you will not only sharpen your skills as a trader, but also gain confidence and [...]

• Market Notes (9/30/09)
  Joe Fahmy, September 30th, 2009 at 6:21 pm, Comments: 0

  After my last blog post about Finding Big Stock Winners, my friend called me and said “no one cares about the education, just give us some stock picks!” It reminded me of the scene in Wedding Crashers when Vince Vaughn was making balloon animals and the spoiled kid yelled at him “make me a bicycle, [...]

• Market Notes (9/27/09)
  Joe Fahmy, September 27th, 2009 at 10:11 am, Comments: 0

  The first criteria I use to judge the market’s overall health is the action of its leading stocks. Although the market experienced some selling pressure last week, I continue to believe we are in an uptrend and many stocks still look strong. Additional positive factors include the abundance of liquidity, few signs of inflation, and an accommodative Fed [...]