November 9, 2020

TAKE PROFITS ON MARVELL TECHNOLOGY AND EXIT THE POSITION

The semiconductor company Marvell Technology Group (MRVL) was bought at $35.33 eight trading days ago.  Partial profits have already been taken.

MRVL traded as high as $45.82 on Friday.  The low band of the medium-term target was $46.  Since the gains happened in a very short time, consider taking profits in the zone of $42.75 to $46 and exit the position.

Consider entering it again if it dips into the buy zone.

This post was just published on ZYX Buy Change Alert.

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VERY EFFECTIVE COVID-19 VACCINE — HERE IS THE GAME PLAN FOR PRUDENT INVESTORS NOW

To gain an edge, this is what you need to know today.

Reduce Cash And Hedges

Both cash and hedge levels are being reduced.  It is best to make the transition in several steps — some now and more on the dips.

Vaccine

Vaccine data from Pfizer (PFE) and BioNTech (BNTX) has shown 90% efficacy.  FDA has been willing to approve efficacy of 50%.  Most expectations have been for efficacy of less than 70%

The news is much better than expected.

Many hurdles still remain.

Breakout Above The Magnet 

Please click here for a chart of S&P 500 ETF (SPY) which represents stock market benchmark index (SPX).… Please click here or the title below to read more.

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