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Thursday, October 14, 2021

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

48 comments:

  1. "Covaxin has got the emergency use approval for children in the age group of 2 to 18 years from the Drugs Controller General of India (DCGA)."

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  2. WHO approval decision next....

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  3. The "tell" was when you compare OCGN with other vaccine stocks such as MRNA and NVAX. MRNA and NVAX had big drops recently from September into October. Not OCGN it stayed strong, and this was an indication that OCGN has relative strength.

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  4. What we would expect next is OCGN to rise in anticipation of the WHO decision to approve the vaccine. Money will flow into the stock in anticipation.

    Now if you look at the news they say "WHO approval next week". It's always next week lol. It will take some time to be sure.

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  5. sc,

    There are rumors out there that the vix will pop up next week --
    any advice here???

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    1. I'll take a look. I am mildly bearish on Oil going into December. However I don't expect much dip until later November and December.

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    2. So generally it seems a little early for volatility, but we can get some volatility as we get later into this year.

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  6. sc,

    The fed pump is on big --but the Nasdaq is not showing big movement --the DOW is taken us higher--and I know there will be volatility into the end of the month--Too much politics can go wrong--this is why I am asking?

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    Replies
    1. Okay let's keep this in mind. I do have a spot in this model when we can see volatility. So we can probably do a trade in UVXY soon. Let's wait for the setup.

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  7. OCGN trendline at $11.30 is our first level. Maybe some repositioning there but $15 target on this.

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  8. VIX futures curve in steep contango. Not particularly attractive. The curve flattens in April.

    vixcentral.com

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  9. "The White House said Friday it would allow international travelers who are fully vaccinated against Covid-19 into the U.S. starting Nov. 8"

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  10. sc,

    looking for UVXY to 25 by late next week

    Let's see what happens?

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  11. Replies
    1. Yes but we may have to wait for the inoculations to compete.

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  12. sc,

    I am guessing running back to the trendlines are telling us that it is alright to hold stocks and the retail investors--will control the markets---for the next three months --I am questioning the SPX 4200--if we break above the 4600 level--and advice here ??? --alot of politics are controlling this market!!

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  13. I am guessing running back to the trendlines are telling us that it is alright to hold stocks and the retail investors--will control the markets---for the next three months --I am questioning the SPX 4200 -will not occur --if we break above the 4600 level--we go long--and advice here ??? --alot of politics are controlling this market !!

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  14. SC, what do you think about uvxy?
    Do you think S&P is going to new ATH?

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    Replies
    1. Not a lot to work with UVXY yet but getting there.

      S&P yes new highs but it's slowly becoming tired.

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  15. lady S

    looks like a double top or close to it in the next two days.

    If it gets above Spx 4600--that is upward channel from March of 2020--we have to wait and see --nobody knows that answer--the fed pump is on ---lots of Gaps in the charts--but no inflation--in NYC--13 to 15 bucks for a pound of bacon is not normal --transitory inflation is a new concept!

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  16. Lady S,

    something else to remember -gasoline goes up 50 cents at the pumps in two months--takes 6 to 8 months for the price to go down the same amount!

    I am guessing this is the the definition of transitory

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    Replies
    1. Soon "transitory" will be blown out of the water.

      That's why we need to stay ahead of the game.

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  17. You ain't seen nothing yet. Inflation is setting to make a massive moonshot gap up. Shock and awe type of move.

    I'm just waiting for oil to settle down for the next entry.

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  18. Really as a trade it's tough to beat oil but it needs retracement. So we wait...

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  19. Several tweets yesterday from the WHO. One more piece of data requested from OCGN's partner.

    https://mobile.twitter.com/WHO/status/1450069244910129154

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    Replies
    1. Just as I had suspected we have yet another delay from the WHO. Ok though the stock is in play.

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  20. Oil the best inflation trade as we have already experienced.

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    1. Waiting for a pullback. Any idea to what level? Ive heard 78, minor

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    2. IMO, Canadian companies that have been absolutely beat down have the best upside. Many trade in US, eg. CNQ, SU, MEG. Plus, if inflation runs and comm. go up, the $CAD will go up against the USD. My thoughts (I may be biase as a Can)

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    3. Expect about a $10 drop in Oil. The July high was $76. The drop will be quick but short lived when it happens.

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  21. sc,

    I don't see pullbacks ---fed pump is on--double top --SPX 4600--normally --we sell into a fed meeting--SPX 4600 is due on the monthly option and they don't care about the economy--bad news is good news as long as the algorithm is in charge!
    Ride the wave!

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  22. sc,

    Everyday --gaps up --anyone has a answer for that???

    Anyone that follows the market --knows 94% of the time---gaps are filled --this does not exist anymore???

    Ride the wave!

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  23. October 6th. SC Comment I'm not currently. It could bounce at some point too before the lower low. Maybe YANG could be worthwhile but with FXI down 30% plus already it's late in the game.

    Yang has a lower low since October 6th. Are you ready to take a position yet?

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    Replies
    1. FXI China did bounce quite sharply. YANG is interesting. Not quite oversold but close. Let's keep an eye on the situation. Evergrande. I watch Alibaba too. Thanks!

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  24. sc,

    I am just wondering these gap-ups every day is Made by men (outside forces)--the true economy is much lower---do you see an pull back coming in the near future---I am just curious?

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    Replies
    1. Usually gap ups every day indicate exhaustion. Also SPX is pressured up by the 200 daily. I think SPX is going through a consolidation that will last months more. Yes there will be weakness again later in this year.

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  25. XLE, very hot, SC can this pullback and run more?
    https://stockcharts.com/h-sc/ui?s=XLE

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    Replies
    1. Yes XLE is quite overbought and due to pullback next two weeks, but nothing major. Then yes a pullback resets it for another run.

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  26. SC, just read about DWAC. Also DWACW. Ouch, I should have anticipated this as I heard about it yesterday!

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    Replies
    1. Yes, I noticed it yesterday at $27. Should have been on that! But there may be more opportunities.

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  27. sc,

    very hard--to go long at this level--double top--earnings plays-- only to new bill is signed or not approved---it looks very similar to 10/30/2020 run because the govt was looking to add stimulus back then!--it's 50/50 shot!

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    Replies
    1. Yes, and limited upside for now. Needs to consolidate.

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  28. Trumps new media platform, DWAC, has gone ftom $10 Wednesday to $45 Thursday to $93 so far today. Anyone seen this? SC, Louis, anyone?

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  29. Deena----

    look at the warrant----DWACW----even better!

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