PCLN

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5 Reasons to Stay Bullish Over the Near-Term

1) The NUMBER ONE criteria I use to evaluate the overall health of the market is the price action of leading stocks. Right now, I am finding many strong fundamental companies forming strong technical patterns. When I see this across many sectors, the market has a high probability of doing well. 2) Seasonally, we are [...]

By | April 12th, 2015|

Updated Thoughts on the Recent Price Action

I always try to keep an open mind when it comes to the stock market. I look at the positive and negative signs and adjust my investment levels accordingly. Unfortunately, I am seeing more negative signs right now and feel that some caution is warranted. NEGATIVES: 1) The number one sign I use to evaluate [...]

By | September 22nd, 2014|

Profit Taking In January?

90% of your success as a trader should come from the work, research and effort you put in OUTSIDE of market hours. That's why I recommend traders do post analysis of their work and study market history. Since 2013 was a very strong year for the markets, we could possibly see some profit taking in January [...]

By | December 29th, 2013|

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|

Fourth Quarter Game Plan

As I mentioned in my weekend video, here is an outline of what I am expecting for the 4th quarter. 1) There will be no taper at all this year. I discussed my reasons in this blog post on August 12th. Even if there is a small taper, I think it will be a non-event. 2) [...]

By | September 16th, 2013|

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|

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|

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|

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|

Don’t Marry Stocks!

Any time I tweet something remotely negative about Apple ($AAPL), I practically get death threats. I want to make something perfectly clear: When I tweet cautious words about Apple, it is NOTHING PERSONAL against the stock. I am simply using it as an example that you can apply to all growth stocks. Let me explain: 1) Don't [...]

By | July 19th, 2011|

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