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A Few Thoughts on Monday’s Selloff

At first, you might laugh at the title and say: "What selloff? The market was only down -0.41%." Keep in mind I mainly trade individual growth stocks and beneath the surface, there was some damage today. 1) Relative to how much the general market was down, an abnormal amount of stocks were down over -4% on Monday. [...]

By | April 27th, 2015|Tags: , , , , , , , , , |

A Story About Short Selling

Back in 1999, there was an Internet company called CMGI. For those of you who remember, the stock was INSANE! Split adjusted, it went from 0.30 cents to $120. After this happened, I spoke to a very sharp friend of mine who was managing a $2 Billion hedge fund. His exact words were: "Joe, this [...]

By | December 18th, 2013|Tags: , , , , |

A Seasonally Strong Time of the Year

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 [...]

By | October 17th, 2013|Tags: , , , , , , , , , |

Price Action Is All You Need

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 [...]

By | July 15th, 2013|Tags: , , , , , , , , , , |

Could the NASDAQ 100 Play Catch Up?

Picture this scenario. You're a big fund manager and you came into the year cautious because of the Fiscal Cliff. Now, the market has started the year off strong. You already underperformed last year (as did most money managers), and you don't want to underperform TWO years in a row. You're beginning to feel some pressure and [...]

By | January 30th, 2013|Tags: , , , , , , , , , , , |

The Market Still Needs More Time

As the market started to climb last week, I moved from 100% cash and decided to test the waters with some light positions. The reason for using light positions is simple: If they work out, then most likely stocks will continue to setup, and you can use the profits you have to fund additional stock [...]

By | September 21st, 2011|Tags: , , , , , , , , , , |

A Few Words of Caution

Every night, I go through my stock screens and look at approximately 1,000 stocks. Why? Because this is the way I was taught to evaluate the overall health of the market. If I find tons of strong fundamental companies building sound technical bases, breaking out on strong volume, and holding their gains, I feel confident about exposing my capital [...]

By | July 26th, 2011|Tags: , , , , , , , , , , , , , |

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