What Worries Me Most About This Market
03/20/2012 9:00 am EST
Trader Joe Fahmy believes a small but healthy correction is now overdue, and in this video, he assesses the conditions that are unfolding while highlighting important themes for traders to watch.
While going over my screens this past weekend, I found very few quality set-ups. I wouldn’t be surprised to see a 3%-5% pullback in the overall market over the next few weeks.
If that happens, it could provide secondary entries for many stocks that broke out earlier this year. A small pullback would be healthy overall, and as long as it occurs on lower volume, the uptrend would still be intact…we shall see.
Here is a video of the specific things I am watching currently.