Category Archives: Momentum

From  March 2009 to January 2010 the S&P 500 (SPX) had a growth rate of 72.5%. Projecting that portion of the secular bull market kickoff phase to the supposed termination phase that began in March 2020 targeted SPX 3781. The daily SPX chart courtesy of Trading View illustrates bearish momentum divergences. Today 01/06/21 the SPXContinue reading “S&P 500 Target Reached – Take Profits and Go Short”

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”

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”

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”

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”

11/09/20 a one quarter add on position to Pfizer Inc. (PFE) was made at the opening price of 41.86.  The 11/09/20 post “Pfizer Up on Vaccine Announcement” recommended a stop loss on this position at a move below 38.20 which occurred today.  The total decline was 8.8%, the loss for the one quarter position wasContinue reading “Pfizer Update”

 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”

My October 20th post noted the S&P 500 (SPX) had potential support in the low 3400 area, subsequently that support was broken.  Today 10/28/20 was a big down day for US stocks. The daily SPX chart courtesy of Trading View shows sell signals from two momentum indicators. The daily MACD has a bearish crossover andContinue reading “Door Open for Lower Stocks”

On 09/18/20 the S&P 500 (SPX) broke below 3310.00 which was the second stop loss level for the SPX trade initiated 09/10/20 at SPX 3412.60.  The first stop loss on half the position was at SPX 3327. 00 which resulted in a loss of 1.25%.  The second stop loss level of 3310 was 3.0% belowContinue reading “Stock Market Seasonal Patterns”