Category Archives: Momentum

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”

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”