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