Last week, I wrote a blog post titled: Two Reasons The Market Will Make New Highs Later This Year. I positioned myself for a move to the upside, but I certainly didn't expect new highs in a week!!! As my good friend @ZorTrades says: Strong markets and strong stocks don't give people time to get [...]
REASON #1 As many of you know, I use the price action of leading stocks to help me determine the overall health of the market. Everything else is just noise. When the market corrected in June, I thought we could be heading into a deeper correction...but something interesting happened. As I did my nightly screening work [...]
Every January 1, my Twitter and Facebook streams are filled with the same quotes: “Good riddance 20xx…This is going to be my year…So glad that year is behind me…I’m gonna kick ass this year…etc…etc.” You know what I think? It’s all bullshit. So many people think some magical turn of the calendar is going to [...]
On 5/28/13, I wrote a blog post about how I lightened up my equity exposure. The S&P 500 was at 1660 and proceeded to drop over 60 points. When the S&P 500 found support on its 50-day moving average (around 1600 on 6/6/13), I began to increase my exposure as discussed here. Since then, the [...]
Jesse Livermore was one of the greatest traders who ever lived. You can read more about him here. He has so many great quotes, but here are a few of my favorites: 1) The stock market is never obvious. It is designed to fool most of the people, most of the time. 2) Play the market [...]
On Tuesday night (5/28/13), I wrote a blog post about how I lightened up my stock positions and reduced my market exposure. At the time, the S&P 500 was at 1660 and proceeded to drop over 60 points into last Thursday (6/6/13). I began to increase my exposure around these levels for the following reasons: [...]
My friend Josh Brown wrote a great blog post about active portfolio management. It sparked so many thoughts, so I'll try to sum them up in the following points: 1) I talk to many potential investors who ask me "why should I have an active strategy when the market is doing fine and keeps going up?" [...]
This is in no particular order, as they are ALL important. 1) Strategy - There are so many different strategies: value, growth, momentum, short selling, etc. Find one that fits your personality and do your best to master it. The fastest way to learn is to study success. In other words, find someone who is [...]
There is a phenomenon going on that I've never seen in my 17 years of trading: EXTREME FEAR. What makes it so strange to me is that it exists with people who are both in the market AND out of the market. I'll give you two examples: EXAMPLE #1 - I speak to many potential investors. [...]
Here is an interview with fund manager J.C. Parets (@allstarcharts on Twitter and StockTwits). J.C. is a Chartered Market Technician with a great eye for charts. In addition, he looks at all the Global Markets, so he has a great feel for what is happening worldwide. Enjoy the video! Follow me on Twitter @jfahmy Follow [...]