Here are some of the notes I provided for my Educational Members over the weekend. If you’re interested in more content like this, first time members can email support@joefahmy.com for a discount code. Thank you.
1) Don’t forget that the major indexes are still below their 200-day moving averages. For me, this means remain defensive.
2) The technical break we had over the past two months will take time to recover from. My guess is that the next sustained powertrend will occur in the second half of this year. This means patience and discipline are still required.
3) Of course, I will be open-minded. If we get more clarity on tariffs and/or accommodative measures from the Fed, I have no problem changing my mind if the facts change.
4) In the meantime, I will continue to curate a list of relative strength growth stocks. These will have a high probability of becoming big winners once the next uptrend begins. However, keep in mind that breakouts rarely work in corrective markets. For me, it’s a lot of observing for now. Continue to be patient and don’t have FOMO. There will be plenty of time to make money once we see healthier conditions.
I can be reached at: jfahmy@zorcapital.com.
Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained on this blog constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned on this blog. The stocks presented are not to be considered a recommendation to buy any stock. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.