Monthly Archives: May 2021

Eyes on The Prize

May 24, 2021 By in Biotech, LABD, SPBIO, The Speck 1 Comment

1:14 p.m., EST

Does it really matter where the ‘speck’ came from?

That seems to be one of the all important topics for the day.

For argument’s sake, let’s just say we find out the speck came from Dubuque, Iowa.

There, problem solved.

Does that make anyone’s life any different?

Well, maybe for those in Dubuque but probably not anywhere else.

Meanwhile, the objective of constant distraction and obfuscation has accomplished its goal; ‘missed opportunities’.

That’s what it’s all about; has been for millennia.

Who decides what goes to press anyway?

Enough said.

We’re not going to get distracted with the carnival sideshow but stay focused on shorting biotech (not advice, not a recommendation).

Market Analysis:

The overall markets are up anywhere from +0.50% – 1.50%.

On the other side, we have biotech SPBIO; down -0.65%, with leveraged inverse fund LABD, up around +3.94%.

The original forecast chart for SPBIO (hourly inverted), has been updated to show where price action is at this juncture.

We’ll include all (three) charts for an easy visual on how the short (via LABD), is progressing

Newest chart first:

Price action looks like its finished testing and is now rising into the resistance area shown as the dotted line (chart above).

Reminder: It’s a forecast and it can fail (or morph) at any time.

However, thus far price action’s adhering well to probability behavior under the ‘spring’ set-up conditions.

Stay Tuned

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

Random Notes

May 23, 2021 By in Biotech, The Speck, Usual Suspects, Vernon Coleman 1 Comment

The usual suspects for the week

No. 1

The cremated goo:

Those dead (or soon to be) from the speck injection are to be dissolved, turned into ‘fertilizer’ and spread on food crops.

Not a joke.

No. 2

This ‘church’ abandons all pretense about being a soldier for Christ and reveals its true (and always has been) nature: Time stamp 5:18

No. 3

It’s obvious the Russians do not have a ‘diverse workforce‘ initiative.

No. 4

This is what it looks like when ‘idiots’ wake up. The newscaster’s ‘mum’ has been jabbed twice … no less.

No. 5

Maybe we should start building a list.

If there’s going to be legal action, low hanging fruit will be picked first.

People like this, seem to be unawares.

No. 6

Dr. Vernon Coleman’s career has been decimated.

He’s been out in front of the whole ‘speck’ narrative; calling it false from the beginning.

In this video link, he muses the only way to silence him at this point, is for him to be killed.

That statement prompted this one:

It’s an offer to be his bodyguard … for free.

The man in the link’s obviously ‘cockney’; a generic term (nothing derogatory) for working class bloke.

The ‘Harley Street’ he refers to, is where all the high-priced doctors have their practice in London.

“A free minder” as he puts it, is slang for watchman or protector.

This is what real bravery looks like; both he and Coleman.

“Greater love hath no man than this, that a man lay down his life for his friends”

No. 7

Ending on a humorous note, this clip has been subtitled many times through the years.

However, this go-round looks to be especially poignant.

Stay tuned

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

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Gold & Dollar, Reversal Ready

May 22, 2021 By in Dollar, GLD, GOLD, Gold Miners, UUP 1 Comment

When price action penetrates support or resistance and stalls, reversal may be imminent.

At this juncture, gold and dollar, are mirror images.

Each at their own pivot point.

Gold (GLD) is attempting to push through resistance.

At the same time, it’s at the 50% retrace from the August 6th, 2020 high, and the March 8th, 2021, low.

The dollar is a near mirror image:

The correlation is not exact but has been fairly close for the past three months. Gold at a retracement high; the dollar testing support lows.

This past Friday, the dollar (UUP as proxy), did not move appreciably higher.

That in turn, has set up the ‘spring’ condition (weekly close basis), discussed the day prior in this report.

We can see the set-up.

Both gold and dollar at opposite ends.

Note, the dollar’s bullish divergence is a weekly time-frame set-up; giving it more weight.

If there’s a rally, it could go much higher, last longer or be quicker than anyone would expect.

If the dollar/gold correlation remains intact, as/if the dollar rallies, gold, silver and the miners would retreat … possibly, right along with an overall market reversal.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

Biotech, Day 55

May 21, 2021 By in Biotech, LABD, SPBIO

8:57 a.m., EST

Today is Fibonacci Day 55, from the SPBIO, low set on March 5th, this year.

Will price action pivot like it did last time?

Inverse biotech fund LABD, is above with price extremes noted.

Pre-market action (as of this post) shows LABD, to open at or slightly below yesterday’s low.

We’re still in the ‘Test’ as highlighted in the last update … although there isn’t much room to go before there’s trouble.

This is the way of the markets. They need to stretch to the extreme to see if it holds or breaks.

At this juncture, we’re at the danger point.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

Non-Stop Dollar Bashing

May 21, 2021 By in Dollar, UUP 2 Comments

10:34 p.m., EST

It’s easy, lazy, does not require much thought to jump on the ‘dollar crash’ bandwagon.

Everybody’s doing it.

But let’s take a look at truth.

What does the market say about itself?

If the dollar manages to close below support (shown above) tomorrow, Friday, it sets up the market in Wyckoff spring position.

Weekends are always tough. The futures markets are closed from late Friday all the way to late Sunday.

A lot can happen (and sometimes does) in that time.

If there is an ‘event’ and you have no futures access, it can be excruciating to wait until 7:30 a.m., EST (pre-market) on the following Monday.

For now, all we need to know is, if the the dollar closes below support tomorrow, it will be in position to rally (significantly) in the coming weeks if there is a reversal.

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

Biotech, Deep Test

May 20, 2021 By in Biotech, LABD, Red Cross, SPBIO, The Speck 1 Comment

12:17 p.m., EST

Price action’s performing as expected … almost.

The forecast chart has been annotated to show where price action is now.

Biotech (SPBIO), and inverse fund LABD, are in a deep test. A little deeper than expected … but not enough to invalidate the set-up.

As of this post, price action is near the support line that’s just below the “Test” label.

Of course, the expectation is for this test to hold and for LABD to reverse back higher into the dynamic move shown; not advice, not a recommendation.

Fundamentals:

It seems like each day provides new insight into the disaster that is biotech.

This just out:

If you have been injected, The Red Cross says your blood is not wanted; your antibodies have been destroyed.

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

Gold at Pivot

May 19, 2021 By in GLD, GOLD, UUP

8:49 a.m., EST

GLD, retraced 50%, now at edge of range.

Reversal is possible

Note: Both charts are inverted, turned upside down.

Above: GLD is currently at 50%, a common retrace level.

Next: We have GLD, in a possible trading channel.

With the Fed meeting minutes due out at 2:00 p.m., EST, that release could be used as the excuse for GLD, to complete its corrective action.

If GLD pivots lower, the dollar (UUP), could also make its move and reverse higher.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

Biotech, More Detail

May 19, 2021 By in Amandha Vollmer, Biotech, LABD, SPBIO, The Speck 2 Comments

10:47 p.m., EST

First, the daily chart with the familiar trendlines

The magenta arrow shows, down-thrust has diverged. Today closed lower but thrust energy was (nearly) nonexistent.

The right side trend is still unknown.

More contact points are needed. However, inverse fund LABD has shown consistent trend angles (above) at various points throughout its sideways, corrective move.

Taking the SPBIO hourly chart and inverting, gives a more accurate picture; we see the Wyckoff set-up:

This type of price action is high probability. Not perfect, but still potentially 75% – 80%, effective or higher.

The fact that inverse tracking fund LABD accelerated upward into the close adds weight, we’re potentially at the end of the correction.

The fundamental backdrop continues to implode.

The plan for world control (through speck injected depopulation) is out in the open now. No doubt.

Amandha Vollmer has this update on the decades long, mass hypnosis.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

Biotech Correction Over?

May 18, 2021 By in Biotech, DJUSBM, LABD, SPBIO, Wyckoff

3:34 p.m., EST

SPBIO may have completed its correction.

Above is the hourly SPBIO chart; inverted and annotated.

Under the conditions shown above, when price action penetrates support and then reverses, it’s called a Wyckoff ‘spring’.

From this point, the expectation is for a moderate rise, then test and then a dynamic rise to the top of the trading range.

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

Tesla Turns Lower

May 17, 2021 By in TSLA, ZeroHedge

5:29 p.m., EST. Updates in red

1:32 p.m., EST

It looks bad on the Weekly;

Even worse, on the Quarterly

Early this year, TSLA spent about seven weeks attempting to move significantly higher.

During the week of February 26th, it gave up and broke down.

Since then, its come up to test the underside of support … now resistance (around 740) before again, turning lower.

Down -37%, since the end of January sounds bad enough. However, it’s the quarterly chart that contains the real horror story.

TSLA has posted a huge 490-point trading range (when taken from support at 78, to current price).

A down move to support from today’s levels, is a decline of -86%.

Markets like to come back and test; better to count on it, than ignore it.

Not saying that will happen to TSLA.

Nearly simultaneous with this first post, we have this article on ZeroHedge about a huge short position.

However, if any real problem does come up like another high profile ‘incident’ (as if we don’t have enough of them already), meaningful support is a long way down.

Just a few hours later, we have this, also from ZeroHedge about a Tesla running over two police officers … in China no less.

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.