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Thursday, March 31, 2022

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

Wednesday, March 23, 2022

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

Monday, March 21, 2022

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

Sunday, March 20, 2022

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

Tuesday, March 15, 2022

$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

Monday, March 7, 2022

$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

Friday, March 4, 2022

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