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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!

49 comments:

  1. Price seems to be consolidating. Blue mid support around $10.60.

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  2. Resistance on the daily around $15. White channel.

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  3. $25 buck .. letss gooo god damn!

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  4. Good work on this one, congrats SC and thanks for sharing your considerations.

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  5. When this hit the wires around the close, Kodak seemed to shoot up afterhours.

    "Trump to sign ‘America First’ executive order on Covid-19 vaccines Tuesday"

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    1. Should see a pop to that 15.50 - 16.50 mark tommorow ...

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  6. LAZR too not to handle. what could be the price for this?

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  7. Vaccines - the Snakeoil Salesmen

    Some things never change. Watch the video.

    https://youtu.be/LaDsOJATX3A

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  8. guys,

    new 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???

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    1. Doesn't look like we're going to see VIX 50 anytime soon...

      unless a comet hits or something

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  9. or vaccines does not work properly!

    or the govt is not going to expand stimulus packages

    more shut downs which is likely happen right before the

    changing of the Guard (president)

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    1. UVXY trying to get oversold on daily. I'd like to see more but yes the time is coming.

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    2. VXX has gap at $15 going back to February

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    3. This comment has been removed by the author.

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  10. Great place to average if the VXX goes to 50

    Cha ching

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  11. very hard to doubt it when the Kodak ---just worked out!

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  12. Bought KODK premarket $10.50.

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    1. Price at the blue mid support mentioned. Daily overbought condition has been worked out. Weekly remains strong.

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    2. By 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.

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    3. do you consider the support broken now SC?

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    4. It's trading like a wet sack of potatoes lol.

      It 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.

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  13. 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.

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    1. The 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.

      If 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!

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    2. Hang in there Ken. I will be planning to join you in UVXY. I'm just waiting for the right moment, soon.

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    3. SC, 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?

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    4. Looking to build a position very soon. But I will probably wait until the etf moves to the CBOE on December 16th.

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  14. you 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.

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    1. Government has resorted to borrowing money one week at a time.

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  15. Lou,

    how far down are you looking to take profits????

    Dunn6ster

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  16. guys,

    the 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!

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  17. Replies
    1. Might see a little bounce soon but more selloff for indexes next week

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  18. sc,

    wanted to know when the big selloff is expected to start!

    thanks!

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  19. SC, do you have targets in price and time for sp and vix for the next weeks?

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  20. Lou,

    I missed you,

    My best to you and your family!



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