Nothing has changed with my Fourth Quarter Game Plan that I outlined on 9/16/13. 1) There will be no Fed taper until next year. 2) The S&P 500 could see +5-7% upside from here, but individual stocks could potentially see significantly more upside. My feeling is that individual stock pickers will be rewarded more than [...]
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 [...]
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 [...]
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 [...]
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: [...]
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 [...]