I wrote a blog post recently about 5 stocks that could be higher by year-end. I discussed them in this video I did for Yahoo Finance. I received many comments about this post and the most common one was: "How can you pick stocks that have already gone up so much???" Here are my thoughts: [...]
On Wednesday night (8/21/13), I sat down at my desk to start my evening stock screening. An UNUSUAL sequence of bearish events occurred: 1) I went to check email and I received 2 separate notes from clients. The first one said: Thank you for protecting my IRA during this correction so far, please continue to [...]
Everyone on Wall Street knows that Carl Icahn is a billionaire activist investor; but for the longest time, when people heard his name, he was associated with words such as: corporate raider, bully, and ruthless. Earlier this year, something happened that changed all this. He made a few TV appearances that allowed the general public [...]
I have to start with a small disclaimer: I'm a stock trader, I'm not an economist, and I don't follow the bond market. That being said, I'm still allowed to have an educated opinion on the Federal Reserve because I do follow their moves, and they are very influential on the overall stock market. The [...]
Back in the late 1990's, my friends LOVED the stock market. We weren't elite, we didn't have much money, but we loved talking about stocks. I had friends who were obsessed with $CSCO $DELL $MFST $INTC etc. They would watch their growth stocks go up, talk about how hot Maria was (and still is), and [...]
In the past week, I received 3 unsolicited emails from people who attended my seminars. By the way, this is not a plug for them, as I don't plan on running one any time soon. I am writing this to make a point. During my seminars, I constantly stress the importance of watching price action [...]
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 [...]