Joe Fahmy The Next Big Move » PNRA

Relative Strength Webinar Recording

Joe Fahmy — Thu, 19 Jan 2012 16:54:14 +0000

Thank you to everyone who tuned into my Webinar on Relative Strength. In case you missed it, here is the link of the recording:

http://www.traderinterviews.com/webinars/RSWebinar.html

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Video: A Few Warning Signs

Joe Fahmy — Wed, 08 Jun 2011 03:00:43 +0000

In the following video, I review some warnings signs I am seeing in the market, especially in individual stocks.

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Relative Strength Talk at SMB Capital

Joe Fahmy — Mon, 28 Feb 2011 01:53:15 +0000

On February 10, 2011, I gave a lecture about Relative Strength to the traders at SMB Capital. It aired Sunday night (2/27/11) at 8:30PM EST on StockTwits TV. Enjoy!

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THE NEXT BIG MOVE: Aired 10/3/10, 8PM

Joe Fahmy — Mon, 04 Oct 2010 01:04:09 +0000

Just When We Can’t Go Higher…

Joe Fahmy — Mon, 29 Mar 2010 22:22:52 +0000

One of my favorite stock market sayings is: “Just when you think something can’t go higher, it usually does, and just when you think something can’t go lower, it usually does.” A perfect example of this is the price of oil over the past few years. When oil went from $40 to $100, many market participants said it couldn’t go any higher and it eventually climbed to around $146. On the way down, when oil fell from $146 to $90, many thought the price would stabilize around $80 to $100, only to see it fall to $35!

This example applies to today’s stock market. Many people are expecting this rally to end any day now, but I wouldn’t be surprised to see the market “fool the majority” and continue higher over the next 3-6 months (with corrections along the way, of course). I’m not only basing this on psychology, but also on the strong market internals. I continue to observe a large number of stocks that are acting well. Specifically, stocks breaking out on strong volume and consolidating on lighter volume.

What amazes me is vast number of sectors represented by these stocks. Examples include: Semiconductors $CREE $AIXG $VECO, Restaurants $CMG $PNRA, Retail $LULU $DECK $SHOO, Machinery $DE $CMI $BUCY, China $BIDU $CTRP, Big Caps $AAPL $PCLN $AMZN, Biotech $DNDN $HGSI $JAZZ, Natural Gas $CLNE $WPRT. The scary thing is that I could keep giving more examples.

Bottom line: I still see healthy signs overall and I continue to recommend being invested in this market. Don’t forget to take profits on the way up keep and, as always, look to cut losses on your weakest performing stocks.

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Stocks Holding Up Well

Joe Fahmy — Tue, 02 Feb 2010 18:26:54 +0000

I constantly use the phrase: “Don’t get too bullish or too bearish.” It doesn’t make sense to always be Bullish or Bearish because the market is not always in an uptrend or a downtrend. I prefer to look objectively at both the positive and negative signs, and invest accordingly.

Although I feel there may be more downside to this correction, I am keeping a close eye on the stocks that are holding up well. I actually don’t mind when the market corrects because that’s when the strong stocks stand out. For example, over the past two “down” weeks, I’ve been paying special attention to the stocks holding “up” well with the theory that when the market is done correcting, these stocks should continue higher. In other words, the recent correction is acting like a “spring” compressing these stocks down. Once the market relieves this tension, these stocks could breakout to new highs.

This is one of my favorite ways to use Relative Strength. You can read more in my blog post from last October titled: The Three Ways I Use Relative Strength.

Here is a current watch list of stocks holding up well: $GMCR $DNDN $CLNE $EVVV $ISRG $BEXP $SWM $ASH $PRX $RUE $MAPP $PAY $IMAX $PNRA.

I am not saying to go out and buy these stocks right now. I am simply encouraging you to keep an open mind and to maintain a watch list of stocks that are holding up well during this correction. Again, I still feel there could be more downside, but be ready to pounce on strong ideas as soon as the selling pressure is finished.

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