Back in April 2016, when the Dow was 17,500, I made a call for Dow 20,000 by the end of 2016. At the time, no one on Wall Street was making this call and the majority of money managers were extremely bearish. The main point of this call was not to reach an exact number, [...]
Here is my interview with Neil Cavuto taped on Friday 12/16/16. Enjoy! I can be reached at: jfahmy@zorcapital.com
Readers of my blog know that I have liked Netflix (Symbol: NFLX) for a long time. I feel it is ready for a move higher soon for the following reasons: 1) Technicals – The chart is showing very strong technicals on its Weekly chart (see below). Since their last earnings report, the stock has found [...]
Some of you may remember the iconic financial show "Wall Street Week." It aired many years ago on Friday nights on PBS and was hosted by financial legend Louis Rukeyser. The show was resurrected last year by Wall Street titans Anthony Scaramucci and Gary Kaminsky. I was more than humbled when they asked me to [...]
There is a popular definition in the financial media that a Bear Market is a -20% correction in the S&P 500. Don't listen to it! It is wrong! This definition has hurt too many investors because they keep hearing this "7-year Bull Market is getting too long in the tooth" and it's about to end. [...]
Six weeks before the election, I wrote an article for Yahoo Finance titled "The Market Is Forecasting a Donald Trump Victory.” In 24 hours after the post, I received over 500 hate emails. I have no problem with that part but I did have a problem with people reacting on emotion rather than using rational [...]
I'm writing this post very late on Tuesday night with the Dow Futures down over -700 points. It's late, we're all exhausted, but I'd like to make a few points: 1) If you are being a drama queen about this election, please stop! This isn't "the worst thing that has happened to you in your [...]
I started writing a blog post about the different market scenarios that could occur after the election and I quickly realized that anything can happen. For example, a Clinton win could result in a relief rally or a drop in the market if the recent selling is due to something other than the election (inflation, [...]
My job is to interpret what I see in the stock market and the market is forecasting a Donald Trump victory. That is one of the reasons why the market has been strong and will continue to be strong. Contrary to what you hear from almost everyone in the media, the market will NOT crash [...]
Back in April, I made a call that the Dow will hit 20,000 by year-end. I stick to this call and feel the market will surge higher in the fourth quarter for the following reasons: 1) Technicals – Since the Brexit event in June, the market has been under strong accumulation by the big institutions. [...]