5 Reasons to Stay Bullish Over the Near-Term
1) The NUMBER ONE criteria I use to evaluate the overall health of the market is the price action of leading stocks. Right now, I am finding many strong fundamental companies forming strong technical patterns. When I see this across many sectors, the market has a high probability of doing well. 2) Seasonally, we are heading into one of the strongest times of the year. April 9 to 21 is traditionally a very good period, [...]
The 3 Hardest Jobs in the World
1) Consistently outperforming the stock market. The key word is "consistent" because to be the best at ANYTHING you have to be consistent. Michael Jordan is not considered one of the best basketball players of all-time because he scored 30 points ONCE in a game. It's because he "consistently" averaged 30 points per game over a 15-20 year career. Paul Tudor Jones is not considered one of the best money managers ever because he was positive one [...]
No June Rate Hike
One strong Jobs Report last Friday and it's the end of the world, huh? That's it, the Fed is going to raise rates and the market has topped. For those who don't know me, I'm being sarcastic. Here are a few thoughts: 1) This week, you will hear non-stop discussions about the Fed. My best advice is don't get brainwashed by the financial media. LEARN TO THINK ON YOUR OWN! If you are easily influenced, [...]
Fox Business Video: Bullish Market Outlook
The following Fox Business video is a market discussion I had today (2/16/15) with JC Parets and Liz Claman. Watch the latest video at <a href="http://video.foxbusiness.com">video.foxbusiness.com</a> I can be reached at: jfahmy@zorcapital.com. Follow me on Twitter @jfahmy Follow me on StockTwits @jfahmy Tickers discussed in this video: $DIA $IBB $IWM $MDY $QQQ $SPY $XLE $XLF $XLV
New Highs Coming Soon
Based on my work this weekend and the recent price action, it feels like the market wants to breakout to new highs over the next 3-6 weeks. I came into the year cautious, and that proved to be wise as the market has been extremely volatile to start the year. I don't think they will make this breakout easy for the Bulls. I still expect pullbacks, head fakes, and quick news-driven shakeouts (such as the [...]
Don’t Fight The Liquidity
Earlier today, the European Central Bank (ECB) announced their version of Quantitative Easing (QE). As I have been saying for a long time, we're in a liquidity driven market fueled by a globally coordinated effort to keep rates low and the markets high. Although I came into the year short-term cautious (which was wise due to the increased volatility), I am noticing the following constructive signs in the market: 1) All the major indexes launched above [...]