Monday, December 7, 2020
KODK - MAGA Money!
Kodak is on the move, and it happened on the December 7th turn date. Price is consolidating currently working off overbought conditions on the daily chart. Weekly chart looks very impressive with golden cross and aggressively rising slope on the weekly 50 moving average. Let's see the breakout!
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2 Hour
ReplyDeleteDaily
Weekly
Price seems to be consolidating. Blue mid support around $10.60.
ReplyDeleteResistance on the daily around $15. White channel.
ReplyDeleteCharts I am watching
ReplyDelete$25 buck .. letss gooo god damn!
ReplyDeleteYES!!! lol
DeleteThat gap is around $25.50.
DeleteGood work on this one, congrats SC and thanks for sharing your considerations.
ReplyDeleteMore than welcome, thank you!
DeleteWhen this hit the wires around the close, Kodak seemed to shoot up afterhours.
ReplyDelete"Trump to sign ‘America First’ executive order on Covid-19 vaccines Tuesday"
Should see a pop to that 15.50 - 16.50 mark tommorow ...
DeleteLAZR too not to handle. what could be the price for this?
ReplyDeleteCraziness lol
DeleteKODK gap up again!
ReplyDeleteVaccines - the Snakeoil Salesmen
ReplyDeleteSome things never change. Watch the video.
https://youtu.be/LaDsOJATX3A
guys,
ReplyDeletenew highs here ---just bought more UVXY with profits from KODK
like to average in
I would love to see the vix at 50 again
Sc--any advice???
Doesn't look like we're going to see VIX 50 anytime soon...
Deleteunless a comet hits or something
or vaccines does not work properly!
ReplyDeleteor the govt is not going to expand stimulus packages
more shut downs which is likely happen right before the
changing of the Guard (president)
UVXY trying to get oversold on daily. I'd like to see more but yes the time is coming.
DeleteVXX has gap at $15 going back to February
DeleteThis comment has been removed by the author.
DeleteUvxy could see 9.60
ReplyDeleteGreat place to average if the VXX goes to 50
ReplyDeleteCha ching
very hard to doubt it when the Kodak ---just worked out!
ReplyDeleteBought KODK premarket $10.50.
ReplyDeletePrice at the blue mid support mentioned. Daily overbought condition has been worked out. Weekly remains strong.
DeleteBy the charts KODK should close the week $11.25 give or take. Next week we should see $12.50 which was the price it opened this weekly bar.
Deletedo you consider the support broken now SC?
DeleteIt's trading like a wet sack of potatoes lol.
DeleteIt might be broken. Daily did get overbought and price dropped. What I think is that the weekly is strong enough to keep it afloat for a few weeks. I'll give it a week or two. If it doesn't shape up then I'll take profits and wait for another entry in January/February.
Is this stock market ever going to roll over and die? I'm hitting the point of exasperation here! What the hell is going on? I own shares of UVXY and I'm down a whopping and with the current market price of $10.32 I'm down 47%. I don't have much more money to average down my book cost. This is getting ridiculous.
ReplyDeleteThe month of December is an unlikely time for a decline to begin. It's usually bullish due to holidays. We do have two dates that I'm watching that might mark a top, but they are both low probability because of the seasonal strength this month. The first is next Monday, December 14. It's a new moon and solar eclipse. The period from new moon to full moon averages less bullish than the period from full to new, so there's a chance the new moon may mark a top. The eclipse adds some intensity to that date. The second date is a week later when Jupiter and Saturn form a very tight conjunction. But just going with the odds, I'm thinking the big top that we've been expecting is more likely to happen in January.
DeleteIf you're in a place where you have a fairly dark and cloud free night sky, the evening sky of the 16th should be pretty cool: a sliver of a new moon right next to Jupiter and Saturn. And of course the night of the 21st when Jupiter and Saturn will be so close that they'll almost look like a double planet or double star. Good luck with these crazy markets!
Hang in there Ken. I will be planning to join you in UVXY. I'm just waiting for the right moment, soon.
DeleteSC, I see from Trades page that we still in UVXY $21.55 and $20.10 from 10/28 10/29. Did you close any What price to add?
Delete$22.40 and $20.65.
DeleteLooking to build a position very soon. But I will probably wait until the etf moves to the CBOE on December 16th.
Deleteyou should expect low 9's on Uvxy--if the Senate does not do anything to help the Sates with covid--by December 18---Christmas break--that is the first sign of trouble around the corner--unemployment will run out for 11 million and that will lead to a bid disconnect between the Govt and stock market ---right in time for the President to save the US or see us suffer.
ReplyDeleteGovernment has resorted to borrowing money one week at a time.
DeleteAirbnb IPO tomorrow
ReplyDeleteLou,
ReplyDeletehow far down are you looking to take profits????
Dunn6ster
Bought KODK $9.65.
ReplyDeleteLight volume selling last two days
Deleteguys,
ReplyDeletethe elephant in the room is NDX--down 271 points
with a gap in the chart from 11356 to 11500
the first index give us a big sell-off--
Be numble!
nimble
ReplyDeleteMight see a little bounce soon but more selloff for indexes next week
Deletesc,
ReplyDeletewanted to know when the big selloff is expected to start!
thanks!
Ask him to take his crystal ball out tommy
DeleteSC, do you have targets in price and time for sp and vix for the next weeks?
ReplyDeleteLou,
ReplyDeleteI missed you,
My best to you and your family!
New chart posted!
ReplyDelete