Saturday, January 22, 2022

$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

Thursday, January 20, 2022

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

Monday, January 17, 2022

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.

Tuesday, January 11, 2022

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

Monday, January 3, 2022

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

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