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Sunday, June 13, 2021

OCGN - Short Term Targets

OCGN dipped last week with the announcement that they would apply to the FDA for a full approval rather than emergency use of their Covid vaccine Covaxin. The WHO is currently reviewing data from Covaxin and likely to approve the vaccine given that it is already in worldwide use by many countries. Daily

Tuesday, June 1, 2021

$GUSH - Testing Previous Peak

Energy shares continues to be a hot sector. GUSH is now testing the previous peak. Oil is a top sector in focus for coming months. Daily

Monday, May 24, 2021

$SPX - Double Bottom

An observation since November SPX has made V bottoms every time. The most recent bottom is a double, and that is a sign that the index is getting weaker. There's resistance overhead so if it rises it will be a slow grind. Daily

Thursday, May 13, 2021

UVXY - Volatile Phase

Next week will be important to see if there is follow through on the volatility this week. There hasn't been much volatility since the November election. Although not likely the start of a major move, we may be entering a more volatile phase in markets. Weekly

Wednesday, May 12, 2021

$RIG - Gasoline Price Spikes and Shortages

With Gasoline shortages and price spikes RIG looks to be heating up. RIG is trading at the same price as in January and good value with Oil much higher now compared to then. RIG should run soon. Weekly

Thursday, May 6, 2021

$GUSH - Before/After

GUSH hitting trendline resistance. However, it can probably grind up a little more. Before and after charts are shown. Daily

Monday, May 3, 2021

OCGN - Ocugen Extremely Strong in a Hot Vaccine Market

Ocugen closed a $100 Million Offering last week and has continued to trade higher. The chart is incredibly strong with a large scale expanding pattern. OCGN is wide open to the upside. Price is very aggressively channelling higher. Any comparable with a viable Covid-19 vaccine is trading at far greater prices. The United Stated is in a mass vaccination program currently. Everybody is thinking and talking about vaccines, therefore, the vaccine market is red hot at this time. India is experiencing a Covid outbreak that is rampant and will overwhelm the hospital system shortly... Daily

Tuesday, April 20, 2021

$VIX - Warming up...

VIX appears to be warming up, however notice there is some resistance overhead. VIX probably will have some difficulty here, but eventually may be able to pop after a few tries at this resistance. Daily

Saturday, April 17, 2021

$GME - Gamestop Bearish - Target $25

Gamestop has failed to advance. The short squeeze is effectively over and price action is bearish. Support and resistance levels are shown. A lower low below February is likely. Target $25. Daily

Friday, April 9, 2021

$SPX - 2020 Trendline Reached!

SPX likely hitting resistance soon. SPX may grind up this trendline for two more weeks, but with little upside. Any further gains and SPX will be overbought both on daily and weekly time frames. Watch for a turn April 26th down to May 14th for a three week decline. Weekly

Monday, April 5, 2021

$VIX - Panic Gap Filled

The panic gap has filled on VIX. VIX may see lower later, but for now the target has been fulfilled. Weekly

Thursday, March 25, 2021

GUSH - Oil Bounce Soon

Oil shares have declined and that decline appears to be finishing. Crude is holding better today and that is a sign that the Oil sector is ready for a bounce. Daily

Tuesday, March 16, 2021

$VIX - Long Term View

Interestingly VIX is near the 50 monthly moving average. It has been rising since the year 2017. Monthly

Thursday, March 11, 2021

DRIP - Wedge is Mature

The wedge has matured and DRIP seems that it will be ready to pop soon. Oil shares are looking extended and likely heading for a drop. Daily

Monday, March 8, 2021

$NDX - Nasdaq Support and Resistance Levels to Watch

NDX probably will see a lower low within a week, but the index is near support. Technically it's a test of support that looks likely. Markets are choppy now looking to find and test supports. 2hour Chart

Wednesday, March 3, 2021

FAS - Financials Remain Strong

Financials remain strong and look to be leading higher. A gap on FAS from February 2020 is above. Weekly

Monday, March 1, 2021

OCGN - Johnson and Johnson Vaccine Approved

Johnson and Johnson Coronavirus vaccine has been approved, and Ocugen stock looks bearish going into April. OCGN hit resistance on the weekly chart. The trend is down, and will likely accelerate down later in March. Weekly

Thursday, February 25, 2021

CCL - Before/After

Carnival bottomed exactly as shown in previous analysis and has reached the price target. The target has been reached ahead of schedule. Daily

Friday, February 19, 2021

RIG - Overhead Resistance

Rig has hit overhead resistance and interestingly made a lower high from January. The run in Crude Oil, the commodity, looks to be toppy now. Shares in Energy stocks may continue to rise a little more into March. Daily

Saturday, February 13, 2021

UVXY - Stand Back and Standby!

UVXY mysteriously fell minutes before the close on Thursday. On Friday it lost the long term blue support. UVXY is likely to fall precipitously into month end. 2hour and daily

Thursday, February 11, 2021

DRIP - Oil Sector Pullback Due

The Energy sector is likely to see a pullback shortly. Oil has overheated, with up 8 days consecutively. DRIP entry soon for short term. Expect chop. 60min

Saturday, January 30, 2021

XLE - Energy Sector Short Squeeze

A short squeeze has triggered in isolated stock names, and is sure to spread into wider sectors of the market. Short funds are running for cover to reduce risk in heavily shorted areas. The Energy Sector is one such segment of the market likely to see a rapid unwinding of short books.

Monday, January 25, 2021

GUSH - Texas Tea - This May be a Gusher

Oil company shares may be getting ready for a fast surge up. The 50 moving average is moving sharply higher. Daily

Wednesday, January 20, 2021

China - FXI and YANG

The Chinese market has been bid up and appears overbought. The Shanghai SSEC has traded poorly since July and looks like it will roll over soon. FXI has been having difficulty at this level for many years. FXI is overbought on daily and YANG daily is oversold. Weekly and Daily

Monday, January 18, 2021

KODK - Update

KODK continues to be a top pick as the company transitions into pharmaceuticals during a healthcare crisis. The monthly chart has been up for the third month in a row. This is encouraging although the month is not over and there is not a lot of strength showing yet. The daily has been channelling and is near the lower support. Monthly and Daily

Tuesday, January 12, 2021

DRIP - Oil Stocks Analysis

Oil stocks are setting up interesting trade possibilities this year with Oil prices and the rise of Electric Vehicles. Currently there is consolidation occurring. Daily

Wednesday, January 6, 2021

CCL - Rough Seas

As anticipated the reopening trades took a hit in December and the reopening is having further setback in January. UK lockdown, mutations, and PCR testing restricting travel when the model predicted a setback. Carnival came close to hitting the $25 target in December. Raise the target to $26 for April. Daily

Tuesday, January 5, 2021

Gold - Long Term Charts and Central Banks

Gold is currently trading around the 2011 peak. With 10 years of buying by central banks the price of Gold is the same as 10 years ago. Gold may have have short term upside, but what is troublesome is that the central banks may have overinflated the price. When central banks were sellers the low was marked around $250 in 1999. Now central banks are buyers, but when they return to a neutral stance the price of Gold would likely fall. 7 day chart