"A technical advisory group of the UN health agency will meet on November 3 to conduct a final risk-benefit assessment for Emergency Use Listing of Covaxin."
the widow maker is in bullish weekly phase now....a 4 hour chart might play out best if your playing the channel.. KOLD will not make it to 23...huge support at NG 4.85....will not be taken out...but NG is known for huge swings, they could push it to 4.97....NG will see 10 pt this next 6-8 months.....
I agree with you 4.8ish would be reasonable. Then do you think KOLD can make 12 or 16? I am sure for 10 though. After this, I probably take BOIL though
Agree, they are flu shots. It's a big waste of money attempting to eradicate this flu. The money would be better spent building hospitals and improving the healthcare system.
I agree....u would have to either kill every animal known to carry it or vaccinate them....that would create a lot of jobs! folks forget polio and smallpox were carried only by humans....
AVXL is about to break out to 25, smart money loaded up lower and now Retts data is coming up, this is legit CNS platform drug that could see triple digits if everything plays out
OCGN still looks ok to me though it is getting more choppy as it rises. That's ok! Cooled off today intraday and I am using this opportunity to build up my position again.
Biotech is warming up and just beginning. Now I see today XBI up strong although it is touching the 200 daily so it may need some consolidation but it'll continue to run again soon.
SAVA when it comes off hold will rocket....OCGN is just a sell news and friday weeklies game.....it will go into 20s biotech chart guru = so let it be written so let it be said
you can bet Nazi fauci and crew will push new variant, this is a flu and its being used to control, Americans better wake up or enjoy barbed wire and bs
I think the better long play is AVXL, they have CNS platform, I have been in since 5pps....Retts read out is very close, if they are great, it will be 40 on spike and settle into 30's. I would definitely short SAVA at 100 like today, float smaller though and big boys bought in around 50, so they are going to play it both ways, its a year out for really any news.....
one trick pony on ALZ vs Retts, Parkinsons,ALZ, Dementia and many other CNS diseases....all off same drug, so if Retts data is good, it carries over to other indications....100pps not out of question
I doubt they get it below 9 if 9.50, good support at that level, its approved now, this is same pattern as other flu shots approved....beat the new bulls up...then fly again
I totally belief ---that the economy is good--but we need to close above the spx 4680 level going back form the start of the pandemic---Top of the Wedge---two days at least--I don't like the idea that UVXY is not down farther--I am not going long anything --too many divergences at this level--I would wait a day or two --see what the market does here???
XBI pulling back off the 200 as anticipated. The run to continue up soon.
SCNovember 3, 2021 at 7:47 PM
"Biotech is warming up and just beginning. Now I see today XBI up strong although it is touching the 200 daily so it may need some consolidation but it'll continue to run again soon."
If MRNA gets spanked that hard with Biotech trending up you can imagine it gets killed when Biotech trends down. This ought to be interesting lol. I can envision some MRNA Puts in my future hahaha.
And that is why I put my money in a $10 vaccine stock than a $500 stock.
With price closing at the trendline Friday it wasn't clear what would happen.
ReplyDeleteHowever, then India's Prime Minister Modi lobbied over the weekend at the G20 for approval of this vaccine.
And so it does appear we have a legitimate breakout in OCGN.
"WHO's Emergency Use Approval For Covaxin Will Facilitate Our Process to Help Other Countries: PM Modi at G20"
Delete"A technical advisory group of the UN health agency will meet on November 3 to conduct a final risk-benefit assessment for Emergency Use Listing of Covaxin."
Deleteyes, but you took profit on Friday....why? it did bullish catapult breakout....15.5 first daily price, 25 on week
DeleteI wasn't sure what would happen at the trendline, but it's okay. If a big run is starting then it is still early and can look for another entry.
DeleteThis looks like good timing as well because XBI Biotech is strong today. XBI can blow through 140 this time from our chart.
ReplyDeletebullish seasonality for biotech is close if not here...it will be the catalyst for some nasdaq support as tech weakens...runs thru to middle jan
DeleteIs anybody looking at KOLD (Bear X3 NG)? I guess the correction is for short term though. My target is 10 then 12 then 16.
ReplyDeleteThere is a weekly gap around 23 but I am not it can go that far this time. What do you think?
Deletethe widow maker is in bullish weekly phase now....a 4 hour chart might play out best if your playing the channel.. KOLD will not make it to 23...huge support at NG 4.85....will not be taken out...but NG is known for huge swings, they could push it to 4.97....NG will see 10 pt this next 6-8 months.....
DeleteI agree with you 4.8ish would be reasonable. Then do you think KOLD can make 12 or 16? I am sure for 10 though. After this, I probably take BOIL though
DeleteVaccine shares all up this morning. Broad strength in vaccines.
ReplyDeleteNone of the drugs are Vaccines, Vaccines will never happen for a animal reservoir carried virus....
Deletethey are flu shots nothing more
Agree, they are flu shots. It's a big waste of money attempting to eradicate this flu. The money would be better spent building hospitals and improving the healthcare system.
DeleteI agree....u would have to either kill every animal known to carry it or vaccinate them....that would create a lot of jobs! folks forget polio and smallpox were carried only by humans....
DeleteWhat's happening here is that everyone is now talking and thinking about vaccines. It comes up as a topic in every conversation.
ReplyDeleteAVXL is about to break out to 25, smart money loaded up lower and now Retts data is coming up, this is legit CNS platform drug that could see triple digits if everything plays out
ReplyDeleteOCGN hit the measured move and sold off. Although WHO is likely to approve the vaccine, it may be a sell the news event.
ReplyDeleteit will find 25 after they hurt fresh bulls
DeleteSAVA is epic squeeze in play
Bought OCGN $13.60.
ReplyDeleteOCGN still looks ok to me though it is getting more choppy as it rises. That's ok! Cooled off today intraday and I am using this opportunity to build up my position again.
ReplyDeleteThe WHO is scheduled to meet tomorrow but I doubt they will announce anything until later this month.
ReplyDeleteThe dip intraday today filled yesterday's gap.
ReplyDeleteXBI over $130 today, good!
ReplyDeleteSome nice strength OCGN into the close.
ReplyDeleteYes filled the gap and rocketed up lol!
ReplyDeleteSold OCGN $17.15.
ReplyDeleteSettle back to $15 today
ReplyDeleteBought OCGN $15.30.
ReplyDelete27 area not out of question on approval, weekly cycle line above it going to provide some resistance at 33
Deletesc,
ReplyDeleteThere is pull back expected here fed meeting may kick it off-???
the democrats lost Virginia--and Jersey is up for grabs!
The political football is due for a fumble!
sc,
ReplyDeleteocgn--bought puts at 17.00--thank you
Is the hype over?
DeleteAwesome trade!!
Deletesc,
ReplyDeletetop of the wedge --spx--4700
here we go?
All vaccines sold off today NVAX MRNA PFE. OCGN hit the measured move and dropped.
ReplyDeleteBut notice XBI was up again today, Biotech just started to get hot...
Yes they got ahead of themselves. Hype.
DeleteThanks SC. It appears covid 19 is waning, do you still believe ocgn will pop?
DeleteIt got ahead of itself but more action will come for OCGN. The WHO approval will open the door to approval in Canada and then the USA.
DeleteI do also agree the Covid is waning though a while to go yet.
"WHO grants emergency approval to India’s Covaxin COVID-19 vaccine"
ReplyDeleteThe WHO granted approval and as suspected it was a sell the news event. OCGN daily had become quite overbought and it sold off.
ReplyDeleteBiotech is warming up and just beginning. Now I see today XBI up strong although it is touching the 200 daily so it may need some consolidation but it'll continue to run again soon.
ReplyDeletesc,
ReplyDeleteso your expecting a break of the top of wedge Spx 4700---lift to SPX 5400 to Christmas --- Santa rally----correct???
SAVA when it comes off hold will rocket....OCGN is just a sell news and friday weeklies game.....it will go into 20s
ReplyDeletebiotech chart guru = so let it be written so let it be said
you can bet Nazi fauci and crew will push new variant, this is a flu and its being used to control, Americans better wake up or enjoy barbed wire and bs
ReplyDeleteYou are echoing my thoughts, endless variants, endless booster shots. Ocgn may have another run.
Deletesc,
ReplyDeletethat sounds right--but leads to revolution and political upheaval
lets see what happens???
honest--
ReplyDeletesava---looks like a place to purchase puts here???
I think the better long play is AVXL, they have CNS platform, I have been in since 5pps....Retts read out is very close, if they are great, it will be 40 on spike and settle into 30's. I would definitely short SAVA at 100 like today, float smaller though and big boys bought in around 50, so they are going to play it both ways, its a year out for really any news.....
Deleteone trick pony on ALZ vs Retts, Parkinsons,ALZ, Dementia and many other CNS diseases....all off same drug, so if Retts data is good, it carries over to other indications....100pps not out of question
DeleteSC, too early for ocgn position?
ReplyDeleteLet's wait and see if the weekly 50 is tested $6.80.
DeleteThe daily could be in position to pop again next week.
DeleteI doubt they get it below 9 if 9.50, good support at that level, its approved now, this is same pattern as other flu shots approved....beat the new bulls up...then fly again
Deletesc, honest--
ReplyDeleteI totally belief ---that the economy is good--but we need to close above the spx 4680 level going back form the start of the pandemic---Top of the Wedge---two days at least--I don't like the idea that UVXY is not down farther--I am not going long anything --too many divergences at this level--I would wait a day or two --see what the market does here???
Peter Eliades has a new video up on YouTube. He's calling for a top at the latest Monday.
ReplyDeleteSPX is now starting to get overbought on the daily chart.
ReplyDeleteIt just so happens there is an event next week...
Deleteevent?
DeleteYes US borders reopening November 8th
Deleteah, thanks, forgot about that already.
DeleteMRNA and NVAX taking big hits today! Let's see shall we if OCGN traders throw the baby out with the bathwater today.
ReplyDeleteMRNA plunging precipitously!!
ReplyDeletesc,
ReplyDeleteBe careful ---tops are quick --and--violent--we are due for Spx--4300 again--its forming a head and shoulders--trade safely--stops are in!
I will post the SPX Cycle soon and we can talk about what's about to happen.
ReplyDeleteWhen sc?
DeleteYou've been saying this for months...
Yes because it's big picture.
DeleteWe would expect from Covid what we would expect from any flu.
ReplyDeleteThere's a reason for the term "going viral".
XBI pulling back off the 200 as anticipated. The run to continue up soon.
ReplyDeleteSCNovember 3, 2021 at 7:47 PM
"Biotech is warming up and just beginning. Now I see today XBI up strong although it is touching the 200 daily so it may need some consolidation but it'll continue to run again soon."
If MRNA gets spanked that hard with Biotech trending up you can imagine it gets killed when Biotech trends down. This ought to be interesting lol. I can envision some MRNA Puts in my future hahaha.
ReplyDeleteAnd that is why I put my money in a $10 vaccine stock than a $500 stock.
Bought gnrc and dish, cat 2 days ago.
Deletesc,
ReplyDeleteyou will post the SPX Cycle soon --it would be helpful!
Sava--looks another put position--but not at this time!
Mrna---free fall!
Yes SPX Cycle most important chart.
DeleteAMC running on reopening day. Take profits soon.
ReplyDeleteAlec Baldwin shot and killed his Director. That does hamper the mood on the movies theme for a few months.
DeleteNew chart posted!
ReplyDelete