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Tuesday, October 27, 2020

KODK - Make America Great Again!

If there ever was a "Make America Great Again" trade it is Kodak. The stock has been consolidating for another run. The Weekly chart is incredibly strong. Spike soon! Weekly

190 comments:

  1. Very bullish chart!

    I am expecting KODK to open one day at $15 and run into the $20's.

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  2. The reason is that the government is likely to say that they intend to continue in their deal with Kodak.

    Kodak has a government deal to produce drug ingredients. Currently many of these chemicals are imported from China, and the United States wants to produce these compounds domestically.

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  3. Time to start building a position again...

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  4. Spx September 25 28 gap has to be filled 3306

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  5. Sold out of my third batch for a cheap bottle of wine. sp 3398 from 3378 yesterday. I still have my other 2 positions, under water from sp 3444

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    Replies
    1. Its ok markets will be alot higher by nov 18 maybe 3600

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    2. Unfortunately this trade is going to take a little longer to play out. Dinner is on me Louis here in Vancouver Canada, if we make it up to the 3600 level. LOL

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  6. Replies
    1. Louis, you may want to check out Ryan Detrick twitter acct. Oct 28th is the most bullish day of the year since 1950 A .54 % plus day.

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    2. Every-time they try to cup this up.

      they crash ---Monday---showed us that-

      wait for the reversal--you will see it clearly!

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    3. Markets not going lower then 3306
      When trump gets in we will be 3600

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    4. Its always nice to see a trader take money from the corrupt. ( Algoes )ect.

      Delete
  7. Looks like a big drop could come maybe 3200 to 3250 areas

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  8. Covered short in tqqq 131and change

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  9. The handle failed and the short term trends have turned down

    The 200 day M/A looks possible.

    The September lows --could be seen soon--

    Protection is key here.

    sc-

    Uvxy is flying --any comment?

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    Replies
    1. 1 point is flying tommy u to funny
      Ud be lucky to get 21 in this garbage

      Delete
  10. Even if spx drops 100 handles
    Uvxy dont move

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  11. hey

    16.5 to 21 in four days is not a bad move.

    my question to SC is 25 to 30 doable?

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  12. or should I start accumulating Gush in the 19.50

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  13. This comment has been removed by the author.

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  14. Cnbc the biggest piece of shit chanel all these losers got is a virus

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  15. Your mouth to Gods ears

    but it sounds good!


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    Replies
    1. Tommy big rally coming fuck them
      On cnbc 3400 coming

      Delete
  16. This comment has been removed by the author.

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  17. Uvxy is about to get slammed in face

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  18. I noticed earlier this month that SPX was mimicking the 1987 October high. Right before the crash.

    It did confirm. Same type of top and now dropping with same type of plunge. However, I don't believe it will crash this time.

    Yes, 3,100's to be tested.

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    Replies
    1. When trump wins by a land slide
      Markets will rip higher

      Delete
  19. sc,

    That was something you should have warned us back in beginning of the month!

    ReplyDelete
  20. The weekly 50 is at 3,139. The 200 daily is 3,129.

    Interesting that they are both basically the same price.

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  21. Halloween is coming! All the scary dates this year have scary drops.

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  22. It's just amazing out all the jerk offs On CNBC And talk bad about the market

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  23. sc,

    Please give us some type of time line here?

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    Replies
    1. SPX should see a little bounce and then down about 10 days or so.

      The 1987 drop was fast. So this should also be a fast plunge.

      Delete
  24. I don't think it's too late to get into volatility because volatility spikes as SPX gets close to a bottom. There is still probably good upside for UVXY. $30 maybe $35.

    What I think is we should wait and look to enter UVXY around $20. The 50 ma for UVXY is $20.16. Backtest that would be a good entry.

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    Replies
    1. good call.. I exited my uvxy which I was bag holding from 19.50 for a little while.. at 22

      will re-enter at around the 20s mark if it gets down there

      Delete
    2. Nicely done Sami! I was thinking $13 for the low but $16 was all it could do.

      That's fine. We now have a confirmation. Let's look to enter UVXY in $20's.

      Delete
  25. sc,

    So your saying the top is in for the year!

    ReplyDelete
    Replies
    1. I just see this as a quick volatility move. Election fears.

      Even just yesterday a guy was telling me about a "civil war" that was about to erupt. People are scared about this Election.

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    2. Civil war is a pretty strong language. I of course tried to reason with him lol

      Fear is not a rational phenomenon.

      Delete
  26. Remember our VIX target is 50. VIX hit 40 today which has surpassed the September high. Higher high and VIX daily looks good.

    VIX already justifies a higher UVXY.

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  27. VIX higher highs and higher lows since August.

    ReplyDelete
  28. Replies
    1. Yes because even as I have been warning of volatility I am also well aware that volatility has actually been getting more and more overbought since about May.

      So while the fear is palpable for the Election it will also get overdone and unwind quickly.

      Delete
  29. Bought starter position UVXY $21.55.

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    Replies
    1. We saw Vix, uvxy and Spx rise together not to long ago. Maybe this happens again?

      Delete
  30. "(CNN)Zeta strengthened back into a hurricane early Wednesday as it approached the US Gulf Coast, ferrying life-threatening storm surge and strong winds toward places already pummeled over this historic storm season."

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  31. Hurricane about to make landfall. Historic storm season.

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  32. Watch spy if it closes here it goes to 300-280

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  33. Recap we have 1987 October topping pattern in play. Hurricane making landfall. Halloween on Saturday. Election on Tuesday. And people warning about civil war!

    UVXY!!!

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    Replies
    1. SC your strategy makes no sense whatsoever to me walk down 3% and then you want to jump into uVXY
      You could have been up six bucks

      Delete
    2. I understand but actually rather than trying to bottom tick UVXY, really it is better strategy I have learned over the years to wait for UVXY to confirm a turn up and then enter as it is rising.

      This is because fear spikes after SPX is already down and moving towards a low.

      UVXY looks to have good upside into $30's.

      Delete
  34. "DAX plunges over 4% to lead the sell-off in Europe as Germany, France weigh lockdowns"

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  35. Bought more udow at 68.10 I do not look at hurricanes or viruses to tell me what to do with my portfolios

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  36. Listen guys. Go look at 1987 October topping pattern and compare to current SPX.

    It has confirmed and very bearish short term. SPX is going to drop like sack of lead going over a waterfall.

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  37. SC, what is the target in the sp500 for this drop?

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  38. Thanks SC, do you have a date for the new ath?

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  39. Watching December 7th and December 15th turn dates.

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  40. One thing is certain, and this date is important regardless of the outcome of the Election. January 20, 2021.

    "With so much unclear about the upcoming presidential election, it’s nice to know that there is one absolute certainty.

    Mail-in ballots may take a long time to count. Many states will have recounts, either statewide or in specific areas. President Donald Trump has signaled he may not like the outcome – and it remains to be seen if he or others will accept the result.

    As a historian who has taught and written about the Constitution for over 40 years, however, I know that one thing is certain. President Trump’s term will end at noon on Jan. 20, 2021. At that same instant, either he will begin a second term, or the country will have a new chief executive."

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  41. Thanks SC, a last question :), you said a spike of vix ( 80 o more) in February 2021, with spx below March, is it right?

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    Replies
    1. VIX rising to 170 to test 1987 high, but that is over years.

      Delete
    2. Well let's wait and let things unfold. I have have a plan for next year and see a historic move coming... I haven't said anything about that elephant yet.

      Delete
  42. What a horrible waste of money for absolutely nothing in a failing system!!! This while in a pandemic with record job losses. My God!!! 16 billion buys an enormous amount of food. Is it any wonder there are riots?!!

    "Total 2020 election spending to hit nearly $14 billion, more than double 2016′s total"

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    Replies
    1. Maybe we had better raise the target UVXY $40 to $45.

      Delete
  43. It hits 40 i will short 1 million worth

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  44. UVXY has a little gap at $24.

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  45. your expecting alot of bad things in the short term

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  46. There were 60k put spread for vix feb and March. It was 17/21

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  47. Hah astrology don't work ,neva seen it work in all my years , load o rubbish,hang a min didn't she say watch the new moon in Oct and bad things happen Oct 21 to 28, goddamm it

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  48. she only gave 9 months notice as well , need at least 3 years to be useful , chicken entrails

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  49. are you joking about this--astrology---chicken entrails--this will raise the market tomorrow----amazon's numbers--after that downtrend may continue

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  50. KODK does have a gap in the $6 which if it gets there I'll add.

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  51. SC, if the market goes lower tomorrow, don’t you think kodk will be a lot cheaper?

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    Replies
    1. It could see a little lower in short term, but the weekly is very strong. I want to own some at least now.

      Delete
    2. KODK can move independently of the market also. It had a very good September whereas September was a down month for the market.

      But it is not oversold yet either. Could still get cheaper.

      Delete
  52. DOW still a dog haha. Told ya the DOW picking committee only good at buying high and selling low. DOW testing the September low already.

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  53. Another number to watch UVXY 50 weekly $27.89.

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  54. Happy Halloween 🎃

    https://youtu.be/5wg1JltwHwY

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  55. SC:in i have understand well:
    1) 3120 target S&p500 .. during november, or 7 and 15 december..
    2) then new high into 2021 i suppose..
    is this your view?

    many thanks

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  56. our biggest up filled gap on the spx is on 5/18 near 2900

    I dont see this happening

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  57. our biggest un-filled gap on the spx is on 5/18 near 2900

    I dont see this happening

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  58. Levels based on Cramer tech fav person, Sept 9, 2020. The levels are
    3660/3700, 3280, 3185, 3050, 2750

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    Replies
    1. Cramer a big asshole he was telling people your gonna feel sorry for not buying market last week

      Delete
  59. in first batch of UVXY at 20.75

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  60. sami---

    looking 19.50 to 20---the gap

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  61. that would be another place for another batch yes.. although I don't think the market makers are going to let the average person get the fills they want.. they might run it up from these levels

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  62. which is why I am scaling in.

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  63. sam-

    if it get gets down to 20 by tomorrow---weekly hammer and we should see a nice pop in it next week

    thats the plan!

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  64. the DOW is down over 1800 points this week

    we are having a hard time getting up 150 points today!

    regardless it will be volatile the next 2 weeks

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  65. sc,

    i have seen on the board today---

    are you planning on averaging in on the UVXY?

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  66. sc,

    I have not seen on the board today---

    are you planning on averaging in on the UVXY?

    ReplyDelete
  67. sc,


    I see 30 not much higher ---will wait and see?

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    Replies
    1. I like the weekly chart. Looks positive for UVXY. To start with a UVXY target of $26 would be just under the 50 weekly $27.83.

      Delete
    2. I like this trade in the short term. Let’s see how it goes

      Delete
  68. If Biden---wins ---i will hold it!

    I don't think that will happen!

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  69. shop down 51.00 on a up day with good results.Any thoughts?

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  70. SOLD 1/2 at 21.79 AH...

    will rebuy the half at 21.20s or lower tommorow or if there is a big gap up will figure it out from there...

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  71. good--- I need a little higher than that

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  72. Vix is subdued it should be alot higher something is wrong with it

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  73. sc,

    kodak--are you averaging in????

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  74. rebought the other half I sold yesterday at 20.97

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  75. Yes I added KODK $6.90. I buy it in a pyramid. The lower it gets the more I buy.

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    Replies
    1. I picked some today because it's month end and the SPX selloff pushing the price down.

      Delete
    2. There's room for KODK to come lower but with time the 50 weekly is rising aggressively and will pressure it to the upside.

      Delete
  76. guys,

    a close below Spx 3298---is not good

    Have a good weekend

    ReplyDelete
    Replies
    1. What are u smoking crack of elides ass and kendall lol tommy hahaha

      Delete
  77. Three trillion of Chinese bids?!

    "Ant's record-breaking IPO attracts $3 trillion in retail-investor bids"

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    Replies
    1. They valued ANT at 3 trillion dollars?

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    2. No the $34 billion IPO was oversubscribed $3 trillion.

      ANT valued at about $313 billion.

      Delete
    3. Look at this leverage!

      “I’m all in with Ant,” said Joe Chang, a manager at an e-commerce company in Shenzhen who placed an order in Hong Kong because he feared coming up dry in Shanghai. He said he used all the funds in his Hong Kong brokerage account, equivalent to about $52,000, to secure a 95% margin loan and place a roughly $1 million order. He sees a good chance of getting shares by placing a comparatively large order."

      Delete
    4. LOL....
      so once they go public .. the chinese are going to bid it up to the moon in the open market no?

      they do like to gamble a lot...

      Delete
    5. It'll be a wild IPO. That leverage, like a knife, cuts both ways...

      Delete
  78. Dumped 2/3 at 22.09

    bought 1/3 of it back at 21.34

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  79. I seen a transport truck full of investors at 3:45 jump out the back and load up,holding over the weekend.They don't even try to hide it anymore. SEC "Secured Everything let you guess what the C stands for.

    ReplyDelete
  80. yeah,

    short covering --only done on DJI

    I still think next week will be volatile!

    ReplyDelete
  81. SC what do you think about vix?

    ReplyDelete
    Replies
    1. VIX does have a higher high from September.

      I'll update the VIX charts.

      Delete
  82. 3333 ,God just gets lazy and uses the same numbers over and over ,666 in 2009

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  83. London,

    The magic bus closes to December

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  84. SPX hit a symmetrical triangle support which is why it's making this bounce.

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  85. SC what levels do you expect to go for the lows in the next week?

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  86. the market almost(DOW) up 500 points

    uvxy is down $1---there is still more volatility to come!

    be patient--we could rise 1000 points here and UVXY could go up!

    ReplyDelete
  87. The market is up into the election!

    ReplyDelete
  88. sc,

    are you waiting for Uvxy--to 19 or 16.50 to buy more?

    ReplyDelete
  89. Tommy what are u smoking them Annistte cigars

    ReplyDelete
  90. ""This Is Huge": World's Biggest IPO Trades 50% Higher In Gray Market After $3 Trillion In Retail Orders"


    https://www.zerohedge.com/markets/huge-worlds-biggest-ipo-trades-50-higher-gray-market-after-3-trillion-retail-orders

    ReplyDelete
  91. sc,


    are you averaging in on the uvxy-----looks cheap here?

    ReplyDelete
  92. SC we are waiting for the vix chart

    ReplyDelete
  93. Hahahaha

    "Ant Group’s world record-setting initial public offering in Shanghai and Hong Kong has been suspended."

    ReplyDelete
  94. there are a tremendous amount of vix puts being purchased!

    ReplyDelete
    Replies
    1. they were doing the same before that massive move up on uvxy....

      something to think about.... they'll have to cover if it goes the other way which would be a huge squeeze

      Delete