Author Archives: Mark Rivest

The Message of Zoom’s Underperformance

Throughout most of 2020 Zoom Video Communications Inc. (ZM) had outperform the US stock market. Its spectacular upside performance made it not only a market leader but also a star of the bull run.  That situation change after 10/19/20 which was the all-time high for ZM.  The first ZM post was on 10/15/20 “Additional ElliottContinue reading “The Message of Zoom’s Underperformance”

Dow Jones Industrial Average Ninety – Year View

The 12/06/20 post “Strongest Rally of the Bull Market” focused on a ten – year view of the S&P 500 (SPX) noting that the rally from March 2020 was stronger than the kickoff rally that began in March 2009.  A  longer-term perspective is needed  to understand the power of the current US stock rally. TheContinue reading “Dow Jones Industrial Average Ninety – Year View”

History of January Stock Market Tops

Occasionally stock market turns come at the cusp of a new year.  Sometimes like in late 2018 the turn could be a  bottom. Usually, the turns come at a top.  The main reason is tax deferment.  Fund managers and individuals with unrealized stock gains sell early in the new year  deferring  the taxes on theContinue reading “History of January Stock Market Tops”

US Stocks Topping in Early January 2021?

Evidence is developing that the US stock market could have at least a short-term top or possibly a major peak in early January 2021. The 12/06/20 post “Strongest Rally of the Bull Market”  compared the current stock rally from 03/23/20 with the 2009 to 2010 kickoff phase of the secular bull market.  A closer examinationContinue reading “US Stocks Topping in Early January 2021?”

Pfizer Trading Record

On 12/15/20 the Pfizer trade initiated on 09/18/20 was closed out.  The daily Pfizer (PFE) chart courtesy of Trading View illustrates the buy and sell points. For record keeping, trades recommended on this site will assume an opening position of $10,000. Cash and stock dividends will not be a factor in determining profit/loss.  Commissions andContinue reading “Pfizer Trading Record”

Sell Pfizer on the News

Today 12/14/20 was the first trading day since Pfizer’s (PFE) Coronavirus vaccine received FDA approval.  The stock dropped sharply.  This a classic example of a stock rallying into an event and then decline after the event.  This was noted and anticipated in the 12/08/20 post “Pfizer Nearing Resistance”.  A recommendation was made to sell halfContinue reading “Sell Pfizer on the News”

Detailed Long-Term S&P 500 Elliott Wave Count

The S&P 500 (SPX) rally from the 03/23/20 bottom to 12/11/20 does not appear to be a developing Elliott five-wave Impulse pattern, nor does it appear to be an Elliott Wave – Ending Diagonal Triangle. The most likely current wave count is that an Elliott Wave – Horizontal Triangle may have formed  from 02/19/20 toContinue reading “Detailed Long-Term S&P 500 Elliott Wave Count”

Pfizer Nearing Resistance

This sites  09/17/20 post “Pfizer Bullish Opportunity” noted that Pfizer’s (PFE) near term daily pattern appeared to be a developing bullish Elliott Wave series of ones and twos.  Subsequently PFE has rallied, however the deep decline that bottomed on 11/16/20 has probably changed the pattern.  The deep drop into 11/16/20 now appears to more likelyContinue reading “Pfizer Nearing Resistance”

Strongest Rally of the Bull Market

The S&P 500 (SPX) rally that began 03/23/20 to 12/04/20 has the largest percentage gain in the shortest amount of time since the secular bull market began in March 2009.  As of 12/04/20 the SPX had gained 68.7% in 179 trading days. Extraordinarily strong and fast stock market rallies usually occur at the beginning ofContinue reading “Strongest Rally of the Bull Market”