HERE IS THE MARKET NOTE I SENT TO EDUCATIONAL MEMBERS TONIGHT. I tweeted that I reduced my equity exposure today and I received many emails asking me questions. The first main question is “why?” No one ever needs to justify locking in some profits. The simple answer is I’m up nicely to start the quarter and I just wanted to lock in some gains while things are a little extended. Remember, I always discuss knowing your timeframe. My active style of investment management isn’t for everyone. Not everyone has the time to vary their investment levels, nor does everyone have the mental capacity to ma ..read more

We started a new bull market powered by artificial intelligence in May of 2023. I wrote about it on this blog several times and discussed it during this TV appearance last year. Here are my updated thoughts. 1) Some people say the bull market started around the October 2022 lows, and others say it started when we took out the late 2021 highs. My response is: Who Cares? It’s all subject to interpretation. The main point is that the average bull market goes on for 3-4 years. It doesn’t matter when you think it started, all that matters is that we’re only a year into it. 2) Throughout history, bu ..read more

I tweeted on Tuesday night (4/16/24) that I feel the bulk of this recent market pullback is over. Before I continue, I want to remind everyone that I don’t regularly update this blog. I actively manage portfolios for clients and my investment levels vary. If you would like more regular updates and analysis, you can sign up to become an Educational Member. 1) Since last May, I’ve been positive on the markets. That’s when we started a new bull market powered by AI. I wrote about it on this blog and discussed it during this TV appearance. 2) After the amazing technicals in early November, I reite ..read more

I’ve been aggressively invested in many leading growth stocks since the two follow-through days and the Zweig Breadth Thrust we saw in early November 2023. I discussed three of the stocks on the IBD Podcast on November 1, 2023, and they have seen very strong gains since that date: NVDA +112.1% , UBER +75.8% , MSFT +21.7%. I also wrote about the bullish factors in these two blog posts in early November 2023: Four Reasons for a Year-End Rally and Another Thing Going for the Bulls. I reduced my exposure this week for the following reasons: 1) After a strong run, there’s nothing wrong with locking ..read more

I’m running a special for my Educational Product until Monday, March 11th. Use the discount code take200off for $200 off your first quarterly subscription. This is last time I am discounting the product to this low price. I’ve received great feedback from members and I’m confident that you will build your confidence as a trader. Here is the link to sign up: https://joefahmy.com/investor-education In my Educational Product, I produce videos twice a week with market analysis and stock ideas. I also conduct regular live webinars. Here is the FREE Educational Webinar I recorded on Saturday, March ..read more

This week marks the 4-year anniversary of my Educational Product. 1) I’m offering a special discount code to new members through this Sunday, March 10th. Use the code: take200off for $200 off your first quarterly membership. This is the last time I will discount the product this much, as the price is going up later this year. You can sign up here: https://joefahmy.com/investor-education 2) The main goal of the product is to help produce calm and confident traders. Based on the emails and feedback I get, I’m proud to say I’ve done a strong job of that by keeping members on the right side of the ..read more

I’m running a special for my Educational Product until Monday, February 5th. Use the discount code: take100off and you will not only get $100 off your first quarter subscription, but my web team will also ADD one month FREE to your membership! This will give you access until May 31, 2024. I’ve received great feedback from members and I’m confident that you will build your confidence as a trader. Here is the link to sign up: https://joefahmy.com/investor-education In my Educational Product, I produce videos twice a week with market analysis and stock ideas. I also conduct regular Stock Screenin ..read more

1) I see a +10-15% gain for the S&P 500 in 2024. I am basing this on the incredible strength we saw in November and December of 2023. The reason for this strength was the Federal Reserve signaling they were done with their interest rate hiking cycle. The market is a discounting mechanism and tends to trade on what will happen 6 to 9 months from now. In other words, the strength we saw at the end of 2023 was the market dramatically shifting, as it began to price in lower rates by the end of 2024. I could list so many statistics such as the recent Zweig Breadth Thrust that support higher pri ..read more

Here is the Market Note I sent to Education Members on 12/17/23: After running my Educational Product for almost 4 years, I am surprised that the recent strength in the market caused more stress for people than the bear market of 2022. I received more emails from members in November than I did during the entire 10-month bear market in 2022. This is very strange because the market did nothing but go down for 10 months in 2022, and even longer for many growth stocks that topped in February 2021. It’s also odd because I’ve called this market accurately in all my videos since the November 1 follow ..read more

In early November, I wrote a blog post discussing four reasons for a year-end rally. They included: 1) The big institutions were coming back into the market because the Fed signaled they are done raising interest rates. 2) Sentiment. Most people are bearish and underinvested. 3) Seasonality. November and December are historically two of the strongest months. 4) Technicals. Two O’Neil follow through days, a Zweig Breath Thrust, and the major indexes regaining their 50-day moving averages. Now, the bulls have something else on their side that could signal continued strength into early next year ..read more