Posts Tagged ‘TRIT’

• Slow and Steady
  Joe Fahmy, February 23rd, 2010 at 1:32 am, Comments: 0

  The NASDAQ Composite bounced off 2100 on February 5th and ran approximately 150 points in nine trading days. After these types of gains, it is normal to expect some form of consolidation. When the indexes barely pullback on light volume, as they did on Monday, I view this action as constructive and healthy. Over the past [...]

• 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 [...]

• 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 [...]

• 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. [...]

• Trading China Momentum Stocks
  Joe Fahmy, December 2nd, 2009 at 9:40 pm, Comments: 0

  As I mentioned in my Introduction Blog (click here to read), the first thing you have to do is define yourself: Are you a trader? Or an investor? I am a trader. That being said, there have been some incredible trading opportunities in many of the "thinner" China momentum names recently. Some of these include: [...]

• Market Notes (11/30/09)
  Joe Fahmy, November 30th, 2009 at 5:20 pm, Comments: 0

  The past two trading days reiterates the importance of relative strength. In other words, pay attention to stocks that perform well, especially on down market days. On Friday morning, the market gapped-down aggressively after the Dubai news. However, I started to notice a number of stocks showing incredible relative strength and offering great entry points. [...]

• Market Notes (11/29/09)
  Joe Fahmy, November 29th, 2009 at 1:25 pm, Comments: 0

  It's important to keep an open mind when it comes to the market. It doesn't make sense to always be Bullish or Bearish because the market is not always in an uptrend or a downtrend. Just do your homework, look objectively at both the positive and negative signs, and invest accordingly. That being said, let’s [...]

• 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 [...]