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Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.

Dots

* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Loyalty

Loyalty

ECONOMIC EVENTS

 UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...

***2024***
* Wed. Dec. 18 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference

*** CLICK HERE for link to Economic Calendars for all upcoming events.

Monday, November 09, 2020

"ZOOM" In..."ZOOM" Out!

* See UPDATE below...

Good news was announced today by Pfizer for a possible COVID-19 vaccine...more data will be assembled, then submitted to the FDA for approval in December. 

The research, development, and distribution of vaccines by Pfizer and other companies was established by the Trump administration's COVID-19 Task Force and fast-tracked under their 'Operation Warp Speed' program.

Link to tweet/article

Link to tweet/article


Link to tweet/article


Link to both of Frank's tweets & threads


Bad news for Zoom (ZM).

I'm not surprised it's plunged after its 735% parabolic rise in just 10 months this year! Remember what happened to Bitcoin?

We'll see what happens by the end of the year.


Bitcoin refresher...


* UPDATE December 30...

This is not good news for ZOOM...




After three failed attempts by buyers to push and hold ZOOM above 300, it looks like they've fled the scene. ZOOM has lost nearly 50% of its value from its October highs.

A drop and hold below 300 could seal its fate...while a push and hold above 500 could attract serious buyers, once a for all.

We'll see what 2021 brings.