I received some emails from members that are confused by the market’s recent price action and they asked me to help provide some clarity in this weekend’s video. First, it’s ok to be a little confused right now. We’re in a correction, there’s increased volatility, and the market is giving us mixed signals. In other [...]
Here is the link to my Educational Product: https://joefahmy.com/investor-education After the market dropped approximately -10% in early September, I did thorough screening the weekend of September 12th to see what stocks and sectors were holding up the best. I noticed many stocks in the Medical sector acting well, specifically the Genomics-related stocks. Here is a [...]
In last weekend’s video, I discussed some of the mixed signals in the market. The positives: The Fed is on our side and many stocks were still acting well. The negatives: Distribution days were increasing, the major indexes were slightly below their 10-week moving averages, and many leaders were also slightly below their support levels. [...]
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Over the past few months, I have discussed my bullish case and reminded members to stick to the trend for the following reasons: The Fed, little distribution, the major indexes are above their key moving averages, and the leaders are acting well. I mentioned that if I notice any of these factors change while doing [...]
From now until month-end, I am still expecting a choppy range. Some factors that might add to volatility over the near-term include quarter-end portfolio re-balancing, the upcoming Jewish holiday, and the news cycle shifting more towards politics until earnings season starts again in October. I don’t see any significant or sustained downside and I am [...]
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In the last MidWeek Video, I mentioned that I increased my investment levels in anticipation of a possible rally off the Nasdaq’s 50-day and into regular cycle options expiration next week. When the reversal occurred on Thursday 9/10, I sold my Nasdaq 100 ETF position and reduced my overall exposure. I sent an email on [...]
During the market’s recent pullback, I noticed: 1) There wasn’t heavy distribution 2) The major indexes held their key moving averages and 3) The true market leaders held their key levels. I view these developments as positive and they are keeping me bullish over the near-term. Many people are wondering why the recent drop happened? [...]