Tuesday, February 1, 2022
OCGN - Canada's Trudeau has Covid
OCGN formed a low at the end of January as anticipated. For February it can trade up to test the 50 day moving average. Ocugen is applying for approval of it's vaccine in Canada, and Canada's Prime Minister Trudeau has just contracted Covid. Ocugen gapped up yesterday.
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OCGN was knocked down in January by a selloff in the Nasdaq. The selloff dragged everything down, the good, the bad, and the ugly.
ReplyDeleteThe model we are using for Nasdaq turned up for February.
A rally in the Nasdaq is likely to benefit OCGN, but beyond that part of our task is to identify which stocks have good prospects to recover.
ReplyDeleteOCGN looks good, and has catalysts. Canada has a Covid crisis.
ReplyDeleteCanada is under tremendous pressure to do something about it's Covid problem.
ReplyDeleteOCGN's Covid vaccine has already been approved by the WHO, and can win approval in Canada in the coming months.
SC, I have no idea where you get this, impression with this so called covid crisis. WE DO NOT !! Our you listening to CBC which is the equivalent of your propaganda tv CNN ?
DeleteTrudeau does not have covid. He went and hid in a undisclosed place. He did not want to address the FREEDOM RALLY in our capital. They are all against these draconian covid laws. Our people are waking up to the truth with this covidscam. There is absolutely NO WAY ocgn will become a $ 50.00 stock
Moderna down over 50 % from its highs
The big boys are abandoning the pharmaceutical stocks due to health related problems with these dangerous vaccines.
Ocugen's Covid vaccine has recently been endorsed by Dr. Eric Feigl-Ding a Harvard Covid expert on twitter with 690,000 followers.
ReplyDelete@DrEricDing
How much was he payed off to endorse it?
DeleteLol, he doesn't seem like the infomercial type, but one can never know.
DeleteWhat I was thinking though is what happens if some of those followers start to buy the stock. Potentially a lot of buying power.
"Exxon Mobil’s fourth-quarter profit tops estimates as oil and gas prices soar; shares rise"
ReplyDelete"Exxon Mobil’s revenue jumped more than 80% year over year during the fourth quarter amid a rebound in oil and gas prices, the company said Tuesday. With Exxon now in a stronger financial position, the company said it will begin to buy back stock during the first quarter."
ReplyDeleteXLE spiking towards the upper fork limit!
ReplyDeleteSC, are you thinking stocks have put in a low here? Is it possible we're headed to new all time highs soon?
ReplyDeleteThanks!
I expect SPX to recover most of January losses into March. Nasdaq will likely be strongest simply because it had been hit hardest. February bullish. Fed says they are not adjusting rates until March. However, another selloff March into April.
Deletethank you, SC!
Deletehave a feeling AMC wants to go back below 10....
ReplyDeleteevery rally gets sold hard
Well let's see. I have little patience for underperformance especially when we are making this much in Oil markets.
Deletesc,
ReplyDeleteJust to be clear--you are probably right and we bottomed--I will feel more comfortable when the NDX closes above the 200 day M/A and when a rally includes more then 20% of 16k stocks--at These levels --we are just retracing --give it two days wait for the sell off---lets see it breaks down below--SPX 4360 0r we get above Spx 4600 there are the lines in the sand!
Either way be careful!
Yes it could take time for NDX to build support. It wouldn't be surprising to see a down week. Still though February rally likely. The daily chart is weak but weekly chart is strong.
DeleteYou guys know what I think. Oil!!! Oil is very tough to beat as an investment, and as I write this XLE is screaming at the highs of the day. It is not too late for the trade by any means. This is just warming up...
ReplyDeleteIn 2008 SPX made a high 1,500 and is now 4,500. In 2008 Oil made a high of $147 a barrel.
If Oil were keeping pace with SPX, then Oil would be priced at $440 a barrel right now.
Oil is extremely underpriced relative to SPX.
I put most of my energy to where the most money is to be made. For this year, it's Oil.
ReplyDeleteFor this reason I have now mapped XLE extensively, and have developed a chart with monthly target prices.
Utilizing this plan I am developing an option strategy in XLE to profit from unprecedented rise in Oil.
ReplyDeleteWhich XLE calls are you buying? Want to join SC. Thanks,
DeleteI was going to wait to post the next XLE chart with all the details, but I bought XLE 16Sept22 $80 Calls for $2.
DeleteWhen we saw so many gang up on Cathy Wood last week that was a convincing confirmation that my model showing a booming February for Nasdaq was a high probability.
ReplyDeleteBears in shock, but you know the most important thing about being a bear. You got to know when they are about to stick you...
ReplyDeleteNew chart posted!
ReplyDeletesc,
ReplyDeletecongratulations!
Looks good---8-5-8 pattern!
7 days since the low--follow the pattern!