Category Archives: Momentum

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”

On 09/11/20 the S&P 500 (SPX) broke below the bottom made on 09/08/20. The trade recommendation made on 09/09/20 was to buy funds that track the SPX on the open of SPX trading  9/10/20.  The opening SPX level on 9/10/20 was 3412.60, stop loss for half of the trading position was SPX 3327.00 just belowContinue reading “S&P 500 Momentum and Trading Tip”

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”

There are two methods to measure market momentum.  For all markets, price oscillators such as Stochastic and RSI  are great for signaling trends, they are called external indicators.  The Stock market is unique because momentum can be measured by its components, such as Advance/Decline lines and new 52-week highs/lows.  These are referred to internal indicators.Continue reading “NYSE – New – 52 – Week Highs”

A common method to time markets and stocks is to use a moving average of prices. A popular time range is a two- hundred day moving average (MA).  When a securities price breaks above its 200 – day MA it’s a bullish signal, a move below the 200 – day MA is bearish. A variationContinue reading “Golden and Death Crosses”

My August 25, 2020 blog focused on the angles of the secular bull markets kickoff rally March 2009 to April 2010 compared to the rally since March 23, 2020.  My August 15, 2020 blog illustrated what I believe is the prime Elliott Wave count from March 2009 to August 2020.  Sometimes within Elliott Wave theoryContinue reading “S & P 500 – Price and Time Projections”