Monday, December 27, 2021
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
Wednesday, December 22, 2021
$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
Monday, December 20, 2021
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.
Saturday, December 18, 2021
$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
Tuesday, December 14, 2021
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
Monday, December 6, 2021
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
Friday, December 3, 2021
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
Wednesday, December 1, 2021
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
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