UVXY - Awakening

UVXY has consistently made lower highs and lower lows.

The first step to awaken would be a higher high.  It may be ready to see just that.

Daily

KODK - Starting to Flatten

Kodak was awarded a major government loan to produce ingredients for pharmaceuticals, however, the company is under investigation currently.  As a result the shares have been in turmoil.  

The stock may have reached a better balance.  The selling looks flat.  May see some higher highs and lows next.  

60min Chart

$SPX - Big Picture Update

In the big picture SPX is ramping up and has pushed out above.

However, as SPX pushes higher volatility is also increasing.  In March we witnessed the largest point drop in history. 

Quarterly

Direct hit for SPX!

Daily

CCL - Inverse Head and Shoulders

Here we have a nice example of an inverse head and shoulders bottoming pattern.

Price bottomed right at the August 7th turn date.  Breakout soon!

60min Chart

$SPX - At Resistance

SPX has reached resistance as expected.

Price has overthrown the blue approximately the same amount as the undercut in March.  It probably is not ready for a large decline yet, but it will have some difficulty here at least.

Daily

SVXY - Flag Formation Reaching Maturity

SVXY has formed a flag.  The pattern is nearing maturity.

Once the pattern completes this Fall, it is extremely bearish for SVXY.  All markets are increasingly volatile.  

Volatility has entered into mega bull market.

Daily

Mega Bull Volatility

Monthly

CCL - Carnival Stock it Floats

Cruiseships are one of the last remaining reopening trades.  The trade is set to benefit greatly as schools get ready to reopen into September.

It looks excellent for a turn now with a reversal on the weekly bar.

Daily Chart