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”

NYSE – New – 52 – Week Highs – Update

The 09/08/20 post “NYSE – New – 52 – Week Highs” illustrated the history of NYSE 52 – week highs of the secular bull market in US stocks since March 2009.  Separating the bull market into five phases showed that the maximum number of NYSE – new 52 – week highs occurred in phase 2. Continue reading “NYSE – New – 52 – Week Highs – Update”

Qualcomm in 2000 and Zoom in 2020

This is an educational post to explain stock market momentum. The 11/17/20 blog “Zoom Update – Part Two” noted that Zoom Video Communications Inc. (ZM) could be a signal for a looming bear market similar to Qualcomm Inc. (QCOM) in 2000. The daily QCOM and S&P 500 (SPX) chart courtesy of Trading View illustrates whatContinue reading “Qualcomm in 2000 and Zoom in 2020”

Zoom Update – Part Two

The 11/08/20 post  “Zoom Update” noted that Zoom Video Communications Inc. (ZM) had broken below an important support level.  The post also noted a recommendation to go long would require abundant evidence.  ZM lacked enough evidence and no recommendation to buy ZM was issued. Since 11/08/20 ZM has continued to decline, while the S&P 500Continue reading “Zoom Update – Part Two”

Pfizer Up on Vaccine Announcement

 The  09/17/20 post “Pfizer Bullish Opportunity” recommended buying Pfizer (PFE) on speculation that they could be the first of nine companies to develop a Coronavirus vaccine.  Today 11/09/20 PFE announced that they had a Coronavirus vaccine.  PFE surged on the news. On 10/19/20 the post “Pfizer Pushing Higher” recommended adding one quarter of the originalContinue reading “Pfizer Up on Vaccine Announcement”

Important S&P 500 Bottom Could be in Place

On September 8, 2020, the S&P 500 (SPX) came within nine points of important Fibonacci support. Today September 9, 2020, several hourly SPX momentum indicators registered bullish signals. For aggressive traders that hold positions from a few days to several weeks.  Buy non-leveraged funds that track the SPX on the open of the trading sessionContinue reading “Important S&P 500 Bottom Could be in Place”