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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 $$$...

Paris Cafe

Paris Cafe

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

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

Friday, January 21, 2022

ZOOM Has Zoomed Out

My previous article on ZOOM (ZM), posted on November 9, 2020, mentioned that it had gone parabolic and had begun to plummet. I also wrote, in a December 30 update, that a drop and hold below 300 would seal its fate.

Since then, it has continued its drop and is well below that level. It's unlikely to reverse anytime soon, inasmuch as Sellers are still firmly in control.

Its next major support is at 100, back where it began its meteoric breakout in March 2020 and ensuing parabolic spike, which peaked eight months later (October) at 588.84.

As the COVID-19 pandemic begins to abate and, instead, become endemic around the world, there will be less reliance on sites like ZOOM on which to conduct business, as people return to their offices.

British Prime Minister Johnson announced this week that he is, in fact, ending most COVID-19 protocols/restrictions and mandates previously in place, due to waning virus outbreaks in his country. 

We may see other leaders follow suit in due course, possibly sooner rather than later, in a bid to stem the massive and unprecedented global economic fallout, caused by the pandemic since January of 2020.