DRIP - Oil Shares Weakening

Crude has been soft and energy shares are looking increasingly weak. Energy has been one of the few areas of outperformance this year, but the bear market may be weighing and dragging it down with everything else. DRIP looks to be turning up and may have some upside short term. Weeklies

UVXY - Volatility Rising!

UVXY is rising and a move higher in volatility is underway. UVXY is about halfway to the target price and still has decent upside. SPX is dropping every day and VIX holding 30's, and that is pressuring UVXY and UVIX higher. Weeklies

BBBY - Spike Soon

Bed Bath and Beyond has a lot of problems. Distressed to say the least. However, the stock may spike soon. It tends to settle back in risk off and then spike risk on. Weekly

UVXY - Pop Likely Soon

UVXY hasn't broken out yet but a pop does look likely soon. Fear is coming from all angles it seems. 60min

DWAC - Converging Towards SPAC Price

DWAC appears to be converging to near the SPAC price of $10. Daily

XLE - Inverse Head and Shoulders

XLE has an inverse head and shoulders and looks to be getting ready to pop short term. There is a gap target area identified above. Oil and gas shares have run lately and Crude is looking cheap. A pop in Crude could be imminent leading to a further rise in Oil shares. 60 min and Daily Charts

$VIX - 4 Years of Uptrend!

Volatility has continued to trend higher for four years since 2018. This will eventually lead to a massive spike in volatility. Volatility is increasingly expanding over years, and has already tested the 2008 level in 2020. VIX is likely to come down a little to test the trendline and then rise off the major trendline. Daily

$SPX - Nearly Overbought

SPX is approaching an overbought condition on the daily chart. While SPX is having a good week it will have a negative week soon. SPX is nearly ready for a pullback. Daily

OCGN - Daily Turned Up!

OCGN shares have been rising in a hot Biotech market. The daily chart has turned up and the stock is likely to continue to trend higher into September. Weekly and Daily

LABU - Biotech Attractive

Biotech has reversed up from extreme oversold levels. LABU and XBI are attractive for a summer runup to the end of August. LABU has traded up through prior resistance. Weekly

UVXY - Volatility Waking Up, VIX Weekly Golden Cross

UVXY starting to rise up. VIX made a golden cross on weekly chart. Daily

$VIX - 50 and 200 averages

VIX is making a pattern on the daily chart. VIX can still cool short term but conditions are increasingly ripe for a pop in Volatility. Daily has a golden cross and weekly also has a golden cross. Because SPX has made a slow selloff for five months, the VIX will likely pop when SPX is near a bottom under these circumstances. Daily and Weekly

DWAC - Trump Invited to Twitter

Elon Musk has invited Trump back to Twitter. Trump is said to have 80 million followers on Twitter, and could have a large voice once again soon. The closing of the Twitter acquisition could be a catalyst for DWAC stock. Daily

SPX - Lower Low

SPX is trading around the February lows currently. SPX making a lower low though it won't be by much. 4,400 is resistance and then up at 4,800 a retest of the highs. Daily

XBI - At Longterm Trendline

Biotech is testing the longterm trendine now. These lines are not always perfect, but Biotech should see support soon. One reason it does seem heavy is that XBI has had a big bull run for many years as shown in this monthly chart. Monthly

UVXY - Still In a Downtrend

UVXY is still in a downtrend on the weekly chart. Notice that UVXY is more active this year. It's tradeable as it grinds lower. The 50 weekly is keeping a lid on the price for now. Weekly

XLE - Sharp Pullback Due

Oil shares are overextended and a pullback is due. It's going to be swift. Also it's going to be brief. Weekly

NFLX - Trading Range Established

NFLX has turned up and is moving higher. Support and resistance is shown with a trading range established. Nasdaq is attractive improving from oversold levels. Daily and Weekly

AHPI - Mass Casualty Event

Allied Healthcare makes ventilators for mass hospitalizations. The stock spiked to $45 during the intial Covid panic 2020. In reality, mathematically the demand for ventilators is going to be highest in the later stages of the pandemic when Covid cases are the highest. AHPI can hit a new high above the intial panic highs. Dailys

XLE - Oil Shares Correcting

Oil shares became overextended and are likely to correct further in weeks ahead. On the weekly chart it is clear that XLE has turned down. The overbought condition will need time to work off. Weekly

$SPX - Wedge Forming

This isn't a particularly bearish chart, and looks to be corrective. Not accompanied by much volatility either in this process as it has slowly declined and still holding around the January lows. 60min

$RIG - Breakout!!!

RIG has started to heat up and is likely to form an uptrend for months to come. It can cool off though to test some support before continuing higher. Daily

OCGN - FDA Declines EUA for Children

OCGN is dropping premarket as the FDA has declined an emergency authorization for Children. However, the stock is cheap considering that OCGN is applying for approval in Canada next. Daily

XLE - Breakout Update

Notice that Oil shares always have a reason to go up - whether that is inflation, war or reopening trade. After breaking out, the weekly bar is now trying to go green. XLE should pop into month end and first week of March next. Weekly

NFLX - Death Cross

Netflix is in a bear with recent death cross. NFLX likely to dip to test the lows at $350. Daily

$NDX - At 50 Week Moving Average

Notice the Nasdaq closed at it's 50 week moving average last week. Weekly

XLE - Modelling Monthly Target Prices

XLE may be beginning a long trend higher this year. Oil prices are rising and XLE has shown resilience with little correction in January. Exxon delivered strong earnings yesterday. Based on preliminary modelling XLE can trend higher into September, and monthly target prices have been developed. Daily

OCGN - Canada's Trudeau has Covid

OCGN formed a low at the end of January as anticipated. For February it can trade up to test the 50 day moving average. Ocugen is applying for approval of it's vaccine in Canada, and Canada's Prime Minister Trudeau has just contracted Covid. Ocugen gapped up yesterday. Daily

XLE - Extremely Bullish - Inflation to Blowup

XLE will not be able to hold back much longer. Markets have dropped but Oil continues to strengthen. All efforts to contain inflation have now failed. Daily

$NDX - Bounce Incoming!

Nasdaq is trading similar to the way SPX did in 1998. Technically the charts are identical. NDX on Friday tested the 50 week average which is likely going to act as support. Tech earnings this week are going to put the index back on solid footing, and in coming weeks NDX is poised to retest the highs due February month-end by this model. Weekly

GUSH - Next targets!

GUSH was rejected at horizontal resistance and the price plunged today. The next targets are shown. GUSH is tightening in this chart pattern! Daily

RIG - Break Out!

RIG is breaking out above the trendline and there is a lot of upside potential on this run. A very smooth uptrend may be in the early stages here. Below is a comparison with the weekly chart and a model uptrend.

AMC - Bull Flags

AMC has formed a bull flag inside of a much larger bull flag. This is an extremely bullish chart development. As shown, AMC may be so hot that it gaps towards the next target of $70. 2-Hour Chart and Weekly

RIG - 2022 - The Year for Oil Drillers

Oil drillers are ridiculously cheap considering the inflationary environment and current Oil crisis. RIG is primed for a run and could be an outperformer this year. Daily