where ever the bottom is---it is not today---and your timing does make sense--but the fed is messing up the plans --very early --inflation is coming --auto plants are closing because of truckers-Ottawa Canada--Biden --can not handle this--we know that!
we go sideways on Monday -we drop hard on Tuesday. Then a 'b' wave rally into Thursday/Friday (Bradley Feb 20). The hard C wave goes down into March 1. This is where the big money maker is---wakes people up that the fed lost control.
we should three days up or sideways --we had a big run yesterday--that could have satisfied the move up Spx-4480 to 4490--after that --we have five days down again ---PPI numbers we not good! Inflation will take hold soon!
Just like Zelenskyy. Drama queen. IMO, Ukraine is being a bad neighbor with it's largest trading partner. Imagine if Canada or Mex said they wanted to align with Russia. What would the US do? They'd put a line of tanks along the border
This month OCGN $4.15 but shy of the target $4.50. That's ok. I don't expect much for March, plan to keep increasing the position for April to June run $11.
Canada approved Novavax and Ocugen next to be approved in Canada.
Take a look at the Monthly chart--you will see it--we are out of the upward trend from the pandemic start--this will be the second month down!---it maybe too early to tell!
375 SPY not out of question, mid term years seem to pick up into the fall...I think hell is coming for breakfast....next week looks bad if they don't throw a lot on it Monday night..
"Ocugen, Inc. Announces U.S. FDA Lifts Clinical Hold on the Submission of Its Investigational New Drug Application for Its COVID-19 Vaccine Candidate COVAXIN"
February was stable for oil. In March oil stocks expecting up into rate hike. Yes Oil will be more volatile in March and April. Looks good for active trading my position.
Yes for markets I use Netflix as a barometer. It fits one of my Cycles. Just waiting for Netflix to hit $350 then Markets turn up into March. Then Netflix $440.
we had a 10% correction--we need SPX 3950--I remember --February was up --It just did not work out that way--no one to blame--somewhere in the next 30 to 60 days --we will hit SPX 3950--18 to 20% down--the top will be in for the first half of the year-volatility is controlled! -----theFed did their Job!
Netflix is an interesting stock to follow.
ReplyDeleteAt $350 I'd be interested.
ReplyDeleteDWAC has been strong and seemed to benefit from the downfall of competitor Facebook until this:
ReplyDelete"Trump SPAC stock Digital World Acquisition Corp. plunges after news spreads of delayed app launch"
ReplyDeletesc,
ReplyDeleteif we back to the top of the range SPX 4600---UVXY ----will be near 12--that is scary--the highs will be in for the next 90 days!
I thought SC mentioned UVXY $12 would be a good entry point?
ReplyDeleteWe are almost there?
ReplyDeletesc--any comment?
ReplyDeleteSC--Head and shoulders reversal pattern is forming on the weekly!
ReplyDeleteUVXY has now reached $12. $10 possible
ReplyDeleteSC - Fed trying to jawbone markets lower...should we scale into UVXY here?
DeleteNot today!
ReplyDeletebut understood!
Uvxy running hard today. Was that just a mini pop SV?
ReplyDeleteTypo SC!
DeleteThe most interesting thing about UVXY is that it is in a downtrend. Not only in big downtrending but also short term. Volatility is still reducing.
ReplyDeleteThis is why the action in SPX does not concern me. The UVXY is indicating a sideways chop in SPX ahead.
Of course when the UVXY is ready the chop will end, and that is when it will get more interesting.
interesting.. when in your opinion we should see a drop in SPX and a run up in UVXY?
Deletemany thanks..
Later March into April
Deletewhere ever the bottom is---it is not today---and your timing does make sense--but the fed is messing up the plans --very early --inflation is coming --auto plants are closing because of truckers-Ottawa Canada--Biden --can not handle this--we know that!
ReplyDeleteMarch FED meeting is March 15-16.
ReplyDeleteNFLX appears to be making the dip to $350.
ReplyDeletesc,
ReplyDeleteSo you know--5--3--5 pattern--we still have 4 more days down including today---Uvxy should be bought on any move up!
SPX can come down, backfilling to test the weekly 50 at 4,384. However no major bear move until this consolidation phase is mature.
ReplyDeleteSC,bounce from here or lowet, 4438.
ReplyDeleteTypo, lower...
ReplyDeleteA little lower first I think but then more upside
DeleteThanks👍👍💯💯
DeleteOil pops!
ReplyDelete"White House warns Russia could invade Ukraine during Olympics, urges Americans to leave"
SC - if Russia doesn't invade early next week - then seems like SPX may stage a snapback rally?
DeleteYes agreed. They said earlier in the week that Putin was 70% ready. So that's not enough at this time.
Deletesc,
ReplyDeleteBest scenario
we go sideways on Monday -we drop hard on Tuesday. Then a 'b' wave rally into Thursday/Friday (Bradley Feb 20). The hard C wave goes down into March 1. This is where the big money maker is---wakes people up that the fed lost control.
Russian sabre rattling drives Oil higher due to "weekend risk"
ReplyDeleteSPX does have something powerful going in it's favor though. Flu season is nearly over for this winter.
ReplyDeleteHere's Putin!!!
ReplyDeletehttps://youtu.be/EEvopkbc4FE
Putin driving our XLE Calls into the roof! Vodka anyone hahahaha
ReplyDeleteHa ha, It's Biden driving up your calls. Russia won't attack.
DeleteNFLX decline....
ReplyDeleteOil shot up higher again. Oil strength especially end of month into first week of March.
ReplyDeleteI'm long boys 4600 coming
ReplyDeletecloser to 4700 seems possible with the bearish sentiment.
Deletei agree
Deletejust being a little conservative for the boys
lou,
ReplyDeletethat makes sense--I need to buy UVXY near 12 ---load up and watch it 18 again--have a good week
Sold KODK $4.65.
ReplyDelete200 weekly could be resistance at $4.90.
DeleteOil taking a breather from $96 but $100 would be a better spot if it wants to cool a little.
ReplyDeleteYes markets can bounce here
ReplyDeleteBought TQQQ $56.65.
ReplyDeleteNFLX lowest I saw was $384 yesterday premarket. It can bounce towards $440 but I still think $350 coming.
ReplyDeletesc,
ReplyDelete3 days up into Thursday and Friday --5 days into next week--the algo is set-- you know this!
3 days up into Thursday and Friday --5 days Down into next week--the algo is set!
ReplyDeleteGood news is the only thing that can change this!
we should three days up or sideways --we had a big run yesterday--that could have satisfied the move up Spx-4480 to 4490--after that --we have five days down again ---PPI numbers we not good!
ReplyDeleteInflation will take hold soon!
we might drop first to 4300 then go to 4600
DeleteLouis. interesting. Yesterday felt like a relief rally.
DeleteTook profits sold RIG $3.90.
ReplyDeleteSold RIG 18 March $3.50 Calls $.56
ReplyDeletegood call on RIG!! I'm still in it. Looks like it's in a channel, could go to the mid $5's before it hits the upper channel line.
ReplyDeleteYes, RIG still looks good for bigger run. I'll wait and watch for pullback for another entry.
DeleteRIG seems to be driving towards the October high of $4.25 and may see close to that next week. However pullback possible RIG March rate hike.
ReplyDeleteWhats up with kodk?
ReplyDeleteTechnical bounce off oversold daily and weekly. Now at 200 weekly.
Deletesc,
ReplyDeleteUVXY---???
That is cheap
Tommy UV XY is not cheap are you nuts
ReplyDeleteMarkets gonna go up
ReplyDeleteCall me at $10
ReplyDeleteUvxy was a buy at 14
ReplyDeletelol u didnt buy it no balls no glory
DeleteSC spx 4412 how much lower?
ReplyDeletei bought more of market here im looking for a bounce
ReplyDeletewe could see 4380s
ReplyDeleteim looking for a nice bounce to 4600
ReplyDeleteFully agree with you Louis. GL
DeleteNovavax gets approval in Canada. No reaction in stock price
ReplyDeleteInteresting! Thank you. Seems that yes Canada is open to approving vaccines
DeleteTrudeau---killed Canada---lol
ReplyDeleteYou got that right!
DeleteJust like Zelenskyy. Drama queen. IMO, Ukraine is being a bad neighbor with it's largest trading partner. Imagine if Canada or Mex said they wanted to align with Russia. What would the US do? They'd put a line of tanks along the border
DeleteThat's a good point. Russia and Putin are not the enemy they are made out to be
DeleteIt's a shame that the rest of the world is being dragged into this
DeleteMarch 2nd is the new moon so there is no moon at night a few days each side of March 2nd, the best time to invade Ukraine?
ReplyDeletemarkets gonna rip higher friday monday seems to be controlled
ReplyDeleteSPX holding right at the 50 weekly support.
ReplyDeletewell thats close to my 4388 lets rip higher buying long
ReplyDeleteSPY is pointing towards 405, short week next week, opex tomorrow
DeleteGUSH looks like it may want to test the 50 day average at $102
ReplyDeleteAMC appears strong in last few day, is it a buy at this level?
ReplyDeleteAt least it seems to be holding better than the Nasdaq. Let's keep an eye on it.
DeleteSc any updates on ocgn ?
ReplyDeleteThis month OCGN $4.15 but shy of the target $4.50. That's ok.
DeleteI don't expect much for March, plan to keep increasing the position for April to June run $11.
Canada approved Novavax and Ocugen next to be approved in Canada.
Guys --wait to we bottom---with hope today--NDX-still down --no traction yet!
ReplyDeletehttps://twitter.com/sentimentrader/status/1494300924604526595?cxt=HHwWhsC56cKx6bwpAAAA
ReplyDeleteStill very bearish sentiment...SPX still hasn't bounced yet tho...
SC - at this point seems unlikely NDX will make new highs into next month. What are your thoughts on SPX? Lower high bounce to 4650?
DeleteTake a look at the Monthly chart--you will see it--we are out of the upward trend from the pandemic start--this will be the second month down!---it maybe too early to tell!
ReplyDeleteLooks like a H&S forming with the right shoulder forming now...maybe another bounce to 4650-4700...If not target is in the 3600s...
DeleteIf it gets anywhere near SPX 4650---load up on the puts---SPX 3600 is a lot of Money--hahahaha
ReplyDeleteThis I just consider a retest of the January low for NDX. SPX is holding a little better.
ReplyDeletesc,
ReplyDeleteThere a red down arrow on February Monthly chart to that changes --I would hold off on longs!
375 SPY not out of question, mid term years seem to pick up into the fall...I think hell is coming for breakfast....next week looks bad if they don't throw a lot on it Monday night..
DeleteBought back some RIG $3.38.
ReplyDeleteMight be able to get another batch RIG around $3.15.
DeleteIf Trump gets pinched for Capitol 6th or tax returns released then finally may get a dip to enter back into DWAC.
ReplyDeleteLet's watch and see
Oh my... there goes ocgn
ReplyDeleteThere it is Sami!!! $4.50 target reached lol
Delete"Ocugen, Inc. Announces U.S. FDA Lifts Clinical Hold on the Submission of Its Investigational New Drug Application for Its COVID-19 Vaccine Candidate COVAXIN"
DeleteDamn... I should have dumped my stash when it hit 5.25
ReplyDeleteIt sold off so quick didn't think it would fall back down so much
Well maybe yes, it may be premature too and settle back, but it's alive. Great stock and the best part is ahead.
DeleteBiden covering up the mess democrats created in coup of Ukraine in 2014, Biden is pale white horse.....
ReplyDeleteYes, not good...
Deletehttps://youtu.be/jifaNxq7IG8
One of my Favs
DeleteThanks. It's very appropriate don't you think?
DeleteOil up big!!! Russian roulette!
ReplyDeleteEnergy stocks are lagging...may signal final stage b4 intermediate decline
ReplyDeleteFebruary was stable for oil.
DeleteIn March oil stocks expecting up into rate hike. Yes Oil will be more volatile in March and April. Looks good for active trading my position.
SC - SPX up until rate hike as well - then next selloff?
DeleteYes for markets I use Netflix as a barometer. It fits one of my Cycles. Just waiting for Netflix to hit $350 then Markets turn up into March. Then Netflix $440.
ReplyDeleteWe're getting close to the turn up.
Sold OCGN $4.25.
ReplyDeleteOCGN $4.50 February target was reached today. For March settle back to $3 and reload for larger run.
ReplyDeleteAnd back down for OCGN! That was fast!!
Deletesc-
ReplyDeletewe had a 10% correction--we need SPX 3950--I remember --February was up --It just did not work out that way--no one to blame--somewhere in the next 30 to 60 days --we will hit SPX 3950--18 to 20% down--the top will be in for the first half of the year-volatility is controlled! -----theFed did their Job!
Definitely struggling, SPX 10% could turn into 15% over time.
DeleteNew chart posted!
ReplyDelete