Just to review what I have discussed in recent videos, I view the pullback we had in September as a normal 8-12% correction within an overall uptrend. I am basing this interpretation on three factors: 1) The price action of stocks 2) The Fed and 3) Sentiment. Over the past two weeks, I have increased [...]
Possible setups for this week: BILL, SHOP, ZS, AMZN, JD, NFLX, TSLA To access this content, you must purchase a membership.
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I feel that the pullback in September was a normal 8-12% correction within an overall uptrend. This analysis is mainly based on the price action of stocks. As I mentioned in recent videos, I don’t think we will shoot straight up to new highs, but I also don’t see any SUSTAINED downside because of 1) [...]
Over the next month, the news will be toxic with all the election and debate stories. I encourage everyone to do their best to shut out the noise and focus on price action. I say this because too many people missed out the strong uptrend that started in early April because they were negatively influenced [...]
Someone asked me during the webinar if I use statistics such as “percentage of stocks above a certain moving average.” I don’t use them often but here is an example of how someone I follow uses them: https://twitter.com/AndrewThrasher/status/1309115636036050949 You can view them on your own using these FREE helpful links from Stockcharts: S&P 500 Stocks [...]
In my Educational Product, I produce videos twice a week with market analysis and stock ideas. I also conduct regular Stock Screening Webinars. The next webinar is Monday, September 26th at 7PM EST. Here is a clip from the video I produced for members this weekend. Please keep in mind that I will not regularly [...]
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. [...]