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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

35 comments:

  1. Oil shares have been performing as anticipated.

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  2. I notice a lot of Chinese stocks and ADR's selling off. Suspect bombshell is about to drop. Delisting of Chinese shares.

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  3. Getting closer. I might wait for Monday to enter.

    SCMay 6, 2021 at 4:53 AM

    "I'm waiting for the dust to settle. OCGN 50 day is at $8.67."

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  4. "Pfizer and BioNTech begin the process of seeking full U.S. approval for their Covid vaccine"

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    1. aren't they supposed to run long term trials in order to get full approval? I haven't heard anything about the long term trials. Or maybe the global population IS the long term trial? But are they keeping accurate records of adverse effects?

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    2. There are plenty of unanswered questions. The full approval is likely to become problematic...

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  5. SC, has gold broken out or are you still expecting new lows this fall?

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    1. Looking at GLD Weekly gold is testing a resistance at the 50 weekly. Even if it goes higher short term it still looks to be in a decline.

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    2. Gold is still trading in a down channel. It needs to go over 200 day and 1900 to confirm an uptrend in my opinion

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    3. solid support below in multiple levels, sure their will be some pullbacks but with hyperinflation taking off, gold and silver are ready for break out past records. 62 Silver
      2700 Gold cominb

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  6. Now that Gush is at $80, are you buying drip?

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    1. No I don't have further plans for DRIP now.

      GUSH is hitting resistance and expect it to get choppy next. But I think we just wait for GUSH to come down.

      This is a special situation for Oil as I will explain with the next set of charts.

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  7. sc,

    Took profits om OCGN---calls ----the NDX-is setting up for a big move---Amazon--Apple--Tesla---whether here or two weeks from now---the big boys are looking into a consolidation Phase--Please keep us informed?

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    1. Excellent on OCGN! It traded up to the $10 offering price. I've been trading in and out of it today. It's having a better week though I suspect it is down for about 3 more weeks.

      The emergency use authorization is being prepared. So OCGN should be ready to run again later in the month.

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  8. SC, what about vix and uvxy?

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    1. Still looks a little early. Great play for the second half of the year. A lot of money to be made in volatility this year.

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    2. SC,

      Not sure what your volatility targets are but Northman Trader had a VIX target of 120...no specific timing though.

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    3. 170 is the 1987 high, it will be tested.

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  9. Lady,

    The futures can be controlled --it is manipulated --- the banks received big finds for this years ago---it is very hard for anyone to predict the manipulation--very similar to the through of the Dice---it is Just wait and see?




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  10. Thanks, the fed work very hard

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  11. lady,

    The NDX is filling gaps--downgrading tech--we are filling Gaps----the gaps can go down to NDX 12925---lets wait and see?

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  12. Markets plunge. VIX 23 target reached.

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    1. does spx go lower or do we go to new highs SC?

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    2. should be additional leakage next 3 days....COMPQ PNF target of 13050....

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    3. SPX can see lower this month, but I don't think this is the start of a major selloff yet.

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    4. SPX probably see 4,000 down 2 more weeks.

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  13. sc,

    Looks like Left shoulder and the Head has formed --the Right shoulder needs to be filled in ---then you have the path to SPX 4000--should be two weeks ---but the volatility is perking up!

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    1. Ask the question is this a short lived bounced to 4160 or whether go through support Straight down to 4000 or even a little bit lower possibly 3970 that's the question

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  14. SPX frankly appears a bad investment at this point. In absolute numbers rise, but doubtful it can keep pace with even modest inflation.

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  15. Took profits on PG, nice bounce last 2 days plus dividend, looking to add more AAPL and WFC.

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