OCGN - Canada Next

OCGN received Covid vaccine approval from the WHO, and the next application can fall into place. The next vaccine approval could come from Canada. Monthly and 4 Hour Charts

$SPX - Ascending Triangle Formation

SPX has formed an ascending triangle. Resistance is just above. Expect the bumps to continue although the triangle is suggesting minor upside. 4 hour Chart

AMC - Timing is Right for Movie Theatres - $100 Price Target!

AMC appears to be poised for a surge in price as people swarm movie theatres. People have become tired of staying at home watching Netflix. Record numbers are showing up at the movie theatres. AMC has the largest share of the US market and timing is right! Weekly.

$SPX - 2022 Outlook

SPX can continue somewhat higher, but is likely to see a 10% drop during 2022. The index is becoming overextended on the weekly chart. The 50 weekly average makes a good target. Weekly

AMC - Christmas Movies

Everyone loves to watch movies at Christmas. Price cascaded lower once AMC broke the blue trendline. However, AMC could have a couple good weeks. Weekly

GUSH - Before/After

GUSH hit a high and pulled back exactly as planned beforehand. Biden has been selling Oil out of the Strategic Petroleum Reserve in an effort to suppress the price of Crude. This is unlikely to keep the lid on Oil for much longer, and quite frankly signals desperation in a highly inflationary period. Weekly

DWAC - Pop into Year End!

DWAC announced a financing round and is getting ready to run into year end. Good support has established in the $40's. There should still be a chance for a good entry this week. Daily

UVXY - African Virus Fear Rising!

UVXY is rising and the weekly chart 50 average may be the target price. Omicron fear is rising as the rogue African virus spreads. VIX spike! Weekly

Oil - Testing Trendline

Oil was holding the trendline today. This may be a sign that markets are finding some support. It will be important to watch Oil to see how it interacts at this trendline. Daily

UVXY - Trading Above Trendline

UVXY has traded above the downtrend line. This may have some merit if UVXY continues to rise. UVXY has a higher low and the next step is to see if it can make a higher high in November. Daily

DRIP - Oil Pullback Due

DRIP has formed a broadening formation and is bouncing off support. Oil is pulling back and is likely to become more attractive soon. Daily

$VIX - Trendline Update

VIX hasn't seen much action this year but has been holding the trendline on the weekly. This trendline can, and likely will, produce a pop though this may not occur until early next year. Weekly

$SPX - SPX Cycle Chart

SPX Cycle is based on this chart going back to the beginning of the rally. During the run there were two periods of consolidation. 2014 to 2016 and then 2018 to 2020. Rather than continuation the next period of consolidation will end the rally from 2009. The rally is terminal. Monthly

CCL - Tide Going Out

Carnival looks to be in a downturn and today made a kiss of death on the 50 day moving average. Price likely down into 2022. Weekly

OCGN - Measured Move Target

OCGN closed at the trendline on Friday. Today price is higher and above the trendline. Measured move short term target is shown. Weekly

DWAC - New Player in Social Media!

This has potential. DWAC is early stage yet has been rising on overwhelming demand. The shares can continue higher. Many are interested in seeing changes in social media amid government imposed lockdowns, and so there is a rebelious aspect. 5 Minute Chart

OCGN - Breakaway Gap

OCGN looks to have a breakaway gap up and may be starting to run. India approved Covaxin for children and a decision is pending for approval from the WHO. The upper trendline is shown above. Monthly and Daily

GUSH - Oil Strength Megaphone

GUSH has surged up from the August low by more than doubling. Oil strength has continued as the massive inflationary blast approaches. Oil crisis is beginning to occur worldwide as gasoline and energy prices spike. Weekly

$FXI - China Lower Low

Chinese markets are weak and can see a lower low, and the selling may not stop until this occurs. FXI may take out the panic low of 2020. Weekly

XBI - Biotech Low is Due

XBI has been forming a rectangular bottoming pattern and price is likely putting in a low. The Biotech sector is getting ready to turn up with a breakout next. Daily Chart

$SPX - Finally to get Overbought

SPX has been grinding up but it hasn't been enough to get overought. September is a reopening month with US borders scheduled to open on September 21. Can SPX finally muster enough to get overbought? Daily

UVXY - Weekly Chart

There hasn't been much to work with in terms of volatility since the panic. UVXY hovering around oversold on weekly though...

DRIP - Weekly Negative

DRIP continues to be in a negative profile. Notice that the weekly 50 has started to curl down more aggressively! Weekly

GUSH - 2021 Target - Oil

GUSH has come down to test the 50 weekly. Also near the April low. Inflation is a main theme for 2021 with Oil the strongest sector this year. A big splash is coming next and the GUSH 2021 target is shown at $200. Weekly

$WTI - Backtest Oil Nearing Completion

Oil made a breakout of a large scale wedge. A backtest was anticipated and Oil is working on that currently. Oil is the best trade of the year, and the most spectacular action is ahead. Monthly

OCGN - Friday the 13th Next Week

OCGN trading up off the trendline. Vaccines trading hot and OCGN likely to pop on Delta fears. Friday the 13th is coming next week. Daily

$SPX - Bouncy Bounce

SPX has bounced once again at the 50 day moving average. However, these bounces are looking too obvious, and thus prone to failure. SPX is likely to have an August swoon. Daily

$GUSH - Oversold First Time Since October

The sharp selloff in Oil materialized as expected. Crude has dropped and along with it Oil company shares. GUSH is now oversold and that is the first time since October. With a massive inflationary spike due next, GUSH has become extremely attractive. Daily

Crude Oil - Massive Wedge Pattern

Crude Oil has spiked out of a large scale wedge pattern. Price has coiled since 2008 and has led to the explosive move higher. This is an extremely powerful pattern. However, Oil may settle back short term to backtest the breakout before the next surge up. Monthly

$VIX - Long Term Support

VIX has retraced to the level of February 2020 prior to the pandemic. VIX is now at long term support. A reaction may not be instant, but it will react to this line as it has in the past. Monthly

OCGN - Short Term Targets

OCGN dipped last week with the announcement that they would apply to the FDA for a full approval rather than emergency use of their Covid vaccine Covaxin. The WHO is currently reviewing data from Covaxin and likely to approve the vaccine given that it is already in worldwide use by many countries. Daily

$GUSH - Testing Previous Peak

Energy shares continues to be a hot sector. GUSH is now testing the previous peak. Oil is a top sector in focus for coming months. Daily

$SPX - Double Bottom

An observation since November SPX has made V bottoms every time. The most recent bottom is a double, and that is a sign that the index is getting weaker. There's resistance overhead so if it rises it will be a slow grind. Daily

UVXY - Volatile Phase

Next week will be important to see if there is follow through on the volatility this week. There hasn't been much volatility since the November election. Although not likely the start of a major move, we may be entering a more volatile phase in markets. Weekly

$RIG - Gasoline Price Spikes and Shortages

With Gasoline shortages and price spikes RIG looks to be heating up. RIG is trading at the same price as in January and good value with Oil much higher now compared to then. RIG should run soon. Weekly

$GUSH - Before/After

GUSH hitting trendline resistance. However, it can probably grind up a little more. Before and after charts are shown. Daily

OCGN - Ocugen Extremely Strong in a Hot Vaccine Market

Ocugen closed a $100 Million Offering last week and has continued to trade higher. The chart is incredibly strong with a large scale expanding pattern. OCGN is wide open to the upside. Price is very aggressively channelling higher. Any comparable with a viable Covid-19 vaccine is trading at far greater prices. The United Stated is in a mass vaccination program currently. Everybody is thinking and talking about vaccines, therefore, the vaccine market is red hot at this time. India is experiencing a Covid outbreak that is rampant and will overwhelm the hospital system shortly... Daily

$VIX - Warming up...

VIX appears to be warming up, however notice there is some resistance overhead. VIX probably will have some difficulty here, but eventually may be able to pop after a few tries at this resistance. Daily

$GME - Gamestop Bearish - Target $25

Gamestop has failed to advance. The short squeeze is effectively over and price action is bearish. Support and resistance levels are shown. A lower low below February is likely. Target $25. Daily

$SPX - 2020 Trendline Reached!

SPX likely hitting resistance soon. SPX may grind up this trendline for two more weeks, but with little upside. Any further gains and SPX will be overbought both on daily and weekly time frames. Watch for a turn April 26th down to May 14th for a three week decline. Weekly

$VIX - Panic Gap Filled

The panic gap has filled on VIX. VIX may see lower later, but for now the target has been fulfilled. Weekly

GUSH - Oil Bounce Soon

Oil shares have declined and that decline appears to be finishing. Crude is holding better today and that is a sign that the Oil sector is ready for a bounce. Daily

$VIX - Long Term View

Interestingly VIX is near the 50 monthly moving average. It has been rising since the year 2017. Monthly

DRIP - Wedge is Mature

The wedge has matured and DRIP seems that it will be ready to pop soon. Oil shares are looking extended and likely heading for a drop. Daily

$NDX - Nasdaq Support and Resistance Levels to Watch

NDX probably will see a lower low within a week, but the index is near support. Technically it's a test of support that looks likely. Markets are choppy now looking to find and test supports. 2hour Chart