Mark Rivest

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”

Bullish Booster Shot for US Stocks

On 12/04/20 all three main US stock indices made new all-time highs which is a bullish momentum signal. Additionally, underneath the surface the number of new 52 – week highs for both the New York Stock Exchange (NYSE) and the Nasdaq Composite registered bullish signals. The 09/05/20 post “NYSE-New – 52 – Week Highs” illustratedContinue reading “Bullish Booster Shot for US Stocks”

Possible Gold and Silver Bottoming Levels

Prior posts on this website have shown the Exchange Traded Fund (ETF) GLD to illustrate Gold and the ETF – SLV to illustrate Silver. If I make a recommendation to buy Gold and Silver the physical metals will also be recommended. Therefore, occasionally I’ll post charts of Gold in US dollars – Trading View symbolContinue reading “Possible Gold and Silver Bottoming Levels”

Gold’s Lunar and Fibonacci Time Cycles

The broad seasonal patterns for Gold and Silver were illustrated in the 11/26/20 post “Important Silver and Gold Bottom in December 2020?” Today’s post focuses on more precise timing indicators – Lunar and Fibonacci time cycle. Some people laugh when you tell them you and can discover market turns by examining lunar phases. The studyContinue reading “Gold’s Lunar and Fibonacci Time Cycles”

Important Silver and Gold Bottom in December 2020?

The next seasonal bottom for both Silver and Gold comes in mid-December afterwards seasonal patterns are bullish until at least February. The updated Silver seasonal chart shows the bullseye for a potential Silver bottom is mid-December. Seasonal patterns can be broad, a possible bottom could come from mid- December to early January. The iShares SilverContinue reading “Important Silver and Gold Bottom in December 2020?”

Could Zoom Still Make a New All-Time High?

Recent posts about Zoom Video Communications Inc. (ZM) noted that because of ZM’s recent decline while the S&P 500 (SPX) rallied, increased the risk of buying ZM. An abundance of evidence is needed to take a trading position and this stock still lacks enough evidence to make a long recommendation. ZM does continue to beContinue reading “Could Zoom Still Make a New All-Time High?”