Category Archives: Price

The 12/06/20 post “Strongest Rally of the Bull Market” focused on a ten – year view of the S&P 500 (SPX) noting that the rally from March 2020 was stronger than the kickoff rally that began in March 2009.  A  longer-term perspective is needed  to understand the power of the current US stock rally. TheContinue reading “Dow Jones Industrial Average Ninety – Year View”

Evidence is developing that the US stock market could have at least a short-term top or possibly a major peak in early January 2021. The 12/06/20 post “Strongest Rally of the Bull Market”  compared the current stock rally from 03/23/20 with the 2009 to 2010 kickoff phase of the secular bull market.  A closer examinationContinue reading “US Stocks Topping in Early January 2021?”

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”

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”

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”

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”

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”

My 10/17/20 post “Profiting From Zoom”  noted a clear Elliott Wave pattern for Zoom Video Communications Inc. (ZM) and that there could be support for a subsequent decline at what was labeled Intermediate wave (4). The daily ZM chart courtesy of Trading View illustrates what’s happened. The rectangle box highlighted in green is the areaContinue reading “Zoom Update”

A  bear trend is defined by a series of lower tops and lower bottoms.  When there’s a move above the prior top its usually a strong confirming signal that a bottom could be in place.  Soon after the opening S&P 500 (SPX)  session on 11/03/20 there was a move above the short-term peak made 10/29/20. Continue reading “Solid Confirmation Signal”

US stocks are seasonally bearish from late August until mid-October.  Seasonal cycles are not precise so it possible there could be more downside action in the coming weeks.  However,  the bears are struggling.  On September 24th, the three main US stock indices made a correction low, followed by a rally that retraced most of theContinue reading “Stock Market Bears are Running Out of Time”