Moderna, goes Parabolic

8:07 a.m, EST

Trending @ 5,000,000 %, Annualized !!!

The MRNA daily chart shows price action trending higher at roughly 5-million percent on annualized basis.

This is the type of parabolic rise (and blow-off top) typically seen in commodities.

Obviously, you can’t keep 5-million percent going for long.

Moderna has now taken over Amgen (AMGN) as the largest cap in the IBB, biotech (ETF) index.

Amgen’s been trading since June 17, 1983. Moderna started just a little over two and a half years ago.

But let’s take a look at what’s really happening … what’s really going on behind the apparent good fortune of MRNA.

At one hour 22-miuntes and change, this link provides the most succinct account (to date) of the situation at hand.

Names, dates, places, patent numbers … it’s all there.

Pre-market trading in MRNA, shows a flat to slightly higher open.

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.

Gold, mini Flash-Crash

10:23 a.m., EST

Livermore:

‘Surprises are in the direction of trend’

The following quote is from this past Saturday’s update:

“It’s no secret, price action in GLD and the miners (GDX, GDXJ), has been analyzed for months as bearish.

The weekly chart shows GLD, right at the edge of a terminating wedge; about to break lower:”

Then, we can also add this quote from the GDX Short Sell, Set-Up:

“This site’s not part of the hyperinflation crowd. It’s too easy to jump on the bandwagon, get the clicks and then say it’s all ‘manipulated’ when price action does not follow the narrative.”

A firm foundation has already been laid; a bearish case for gold (the miners and silver) that includes the inverse correlation of a bullish dollar.

Both moves are currently underway.

Steven Van Metre, followed-on; highlighting the bearish gold set-up in his ‘Sunday Night Charts‘ update.

As is typical, there’s a small cadre that can see what’s happening. They are somehow able to ignore the constant media hype; positioning accordingly.

The original weekly chart of GLD below, is followed by today’s update:

Updated chart:

Typical market behavior is to break through the trend (for however long) and then come back for an underside test.

It seems that anything related to the gold (silver) markets is an overcrowded trade. There are too many rabid bullish fanatics.

We’ll stand on the sidelines for this one (not advice, not a recommendation).

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.

Random Notes

The usual suspects for the week

No. 1

‘The Speck’ never existed

All the way back to May of last year, this site proposed ‘the speck’ as we call it, did not exist (i.e., a ‘hoax’).

Now, we have confirmation (time stamp, 11:32).

One of, but certainly not the only reason used to reach that (very early) conclusion was based on Machiavellian behavior itself.

What better way to make sport of the idiots. They believe whatever they are told. No thought required.

Now, go run around with a piece of toilet paper on your face; afraid of something that’s not even there.

That behavior (actually doing it) proves to the oligarchs, just how incredibly stupid, to overuse the word, that group really is.

It’s their justification to thin the herd of ‘useless eaters’.

Those ‘eaters’, happily (pridefully show themselves getting ‘protected’ on Facebook, Tik Tok, or whatever) prove the point with mindless compliance.

A good number of those awake, attempting to get the warning out to loved-ones, family members and friends, have collectively thrown up their hands in frustration.

It won’t be long now before flu season: Tik, Tok

No. 2

‘The Church’ takes another (well deserved) hit. (time stamp 38:08)

Time to overturn the tables was way back in March of 2020. By now, the church has fully exposed themselves as corrupt.

The good part; it’s plain to see.

As with No 5. below, it’s time to eliminate the corrupt and/or cowardly from your sphere of influence and move on.

No. 3

If it’s so great, there’d be a line down the block.

This piece of tripe propaganda says ‘there’s still time’ to get your second round of protection … to the 152,000 already ‘protected’ in Colorado; that have collectively said ‘no thanks’.

No. 4

Smart-Speck

The speck is so smart, it knows when an athlete is competing and so leaves them alone.

The coach on the sidelines … not so much.

Super smart technology developed somewhere in the bat-cave; able to discern the difference between an Olympic floor-mat and your front door-mat.

No. 5

The ‘Bloviators’

Stew Peters calls them out by name. Beginning at time stamp, 1:29.

When have any on his list actually been present at a rally … any kind of rally?

When have they ever been arrested for civil disobedience while protesting for truth?

We can, and should lump them all collectively into the greedy coward bucket and move on.

Personally, when I watched one of these ‘reporters’ show they’re somehow unable to locate the video which had 55,000 or so ballots appearing out from under tables … that was it.

Controlled opposition. Don’t go back.

No. 6

“What do you see?”

That’s what David Weis would ask me each time we started a mentoring session: ‘What do you see?’

Well, what do you see at time stamp 1:08, at this link?

Remember the lyrics from the Bob Seger song?

“Most times you can’t hear ’em talk. Other times you can.

It’s the same old clichés, is that a woman or a man?”

The deception hides in plain sight.

No. 7

Checkpoint Charlie

This video shows traffic at standstill somewhere in Australia. Caution … video contains profanity.

Note the metal posts and cable down the median so cars can’t turn back.

Personal anecdote below:

The past week saw travel through three states: Colorado, New Mexico and Texas.

On the Interstate and the back roads, there were a minimum of four instances where traffic was completely stopped; moving single file under the direction of a flag-man.

Two of those incidents were in Colorado and two in Texas. New Mexico had one lane traffic either side (instead of two or three) moving up and down Raton pass.

On one of those occasions, the eastbound lane of Highway 287 just outside Wichita Falls, was completely shut down. Traffic two miles long, was moving single-file off the highway and escorted onto FM 2384, going South.

As I steered on to the feeder, coming to the intersection of FM 2384, I immediately turned car North and launched it on to the overpass.

I asked my ‘shotgun’ riding navigator to direct me to eastbound crossroads that would then intersect southbound to get back on to 287.

Over-reacting to the situation?

Maybe. Maybe not.

I have been traveling down that stretch of road (Texas to Colorado) for over four decades. I don’t need a map and can make the trip nearly blindfolded (shotgun navigator incident excepted).

I’ve never seen traffic stopped-dead (for no apparent reason) and escorted off the highway, single file, ever.

Just as with our bullet item No. 1, above. In that example, having proved the intuition correct over a year later (there’s no speck, never was), the dynamics can change at any time … even in Texas.

It’s best to practice taking action; exercise the decision muscle while there’s (still) no immediate danger.

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.

After the ‘plug is pulled …’

Updated, 12/18/21, with notes in blue text.

Jerimiah Babe:

‘The real money’s going to be made, after the plug is pulled’

Well, that’s close.

Actually, the real money’s made on the way down … when the plug is pulled … not after.

‘After’, is when you take the huge gains from the short side and then allocate that to areas which stand to recover … or at least have a good chance of recovery.

It’s a two-step process:

Nobody demonstrated that better than Livermore himself during the panic of 1907.

It’s probably no surprise that panic was potentially a fabricated event (sound familiar?).

It laid the groundwork for the Federal Reserve act of 1913.

Operating in parallel, we have the following:

Titanic engineering design approval: July of 1908.

Construction begins: March 1909.

Sea trials: Early April, 1912

Titanic ‘sinks’: April 15, 1912.

April 15th, is tax day … coincidence … no.

Whether or not there really is a ship (or which one is) at the bottom of the Atlantic, is immaterial.

What’s important, was that it all may have been a controlled demolition of the financial system so that it cold be ‘reset’ to allow fractional reserve banking.

The fly in the ointment? Unexpectedly, Livermore owned the market at the bottom. He could have single handedly destroyed the financial system by executing more short selling.

That’s when J.P. Morgan (possibly chief cook and bottle washer for the ‘reset’) called him in to appeal to Livermore’s ‘patriotism’; to not destroy the market. You can’t make this stuff up.

So, it’s time to reset the system every hundred years or so.

Just like it’s time to have a medical ‘incident’ and reduce the population every hundred years or so:

2019: ‘The Speck’

1918: ‘Espana’ Flu

1817: ‘Cholera’

1718: ‘Plague’

How does this relate to the markets? For this update, the preamble above, brings us to gold (GLD):

Gold (GLD) Analysis:

It’s no secret, price action in GLD and the miners (GDX, GDXJ), has been analyzed for months as bearish.

The weekly chart shows GLD, right at the edge of a terminating wedge; about to break lower:

The measured move … to around GLD ~ 120, is exactly at the Fibonacci 161.8%, projection (not shown).

If there’s a wedge breakdown, we have two separate measurement techniques targeting the same area.

Gold (GLD) did break lower but has not progressed to the measured move. Latest update is here and here.

The next chess move, is probably not going to be dollar destruction.

No. The next move is likely to be as stated before, supply chain shut-down with the objective of ‘starve them out’.

Correct but not the way the media plays it.

They attempt to tie it to ‘climate change‘. Yes, the climate is changing but the earth is getting colder, not warmer. Crop failures are the result.

Couple that with intentional weather modification (weaponization), controlled demolition of the supply chain and voila! Food becomes scarce or more expensive or both.

In a prior update, when that statement was made, it may have sounded extreme. Now, we have this interview and time stamp (8:11), where we get the exact same thing.

Take Action:

This article, just out on ZeroHege is a good one-stop shop to start or continue being out in front of ‘events’.

Here’s a brief video of one man’s action, in action:

Four hens, a rooster, in an urban setting (houses on three sides).

The rooster was not part of the plan. If you look closely, you can see his ‘No Crow‘ collar … it works most of the time.

He was unexpected but is now seen as an asset.

He keeps the hens under control (otherwise, they fight) and gets them all back in the coop at night.

Is it a hassle: Yes.

Is it messy: Yes.

Will the neighbors not care about the crowing, be clamoring (and paying with cash, gold, silver) for eggs and chicks three months from now, if/when food shipments are cut off? Probably, yes

Mass recognition of potential famine to come in the spring when the farmers do not have enough ‘inputs’ (seed, fertilizer) for a viable crop.

Don’t forget about no spare parts for farm equipment.

Scaboo

The rooster, “Scaboo” was such a happy camper that he was crowing all day.

He was moved outside of town to a more rural location.

We still have access to him if needed for fertilized eggs.

Here is, all grown up and strutting his stuff

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.

Dollar, Set to Rally

10:20 a.m., EST

UUP, In Spring Position

The long term bullish work on the dollar (UUP) has already been completed.

The last update posted on June 19th, is here.

That update contains the quote below along with a link to an earlier report:

“The updates on the dollar have proposed, since the bullish divergence (now turned rally) is on a longer, weekly time frame, the ensuing move could have the potential to carry the index UUP, to the top of the trading range shown here.”

Since the June report, the dollar has rallied as expected.

At this juncture, it’s hovering just below support and in spring position … potentially building energy for another leg higher.

Today is Fibonacci Day 12, from the July 20th, high.

UUP could still post a new daily low at the next session (to get to Day 13) if the spring set-up is viable.

The dollar and gold are still inversely correlated.

If UUP rallies from here, expect a corresponding decline in gold and the gold miners.

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.

‘Sitting Tight’

12:32 p.m., EST

Livermore: ‘Get right and sit tight’

Inverse biotech fund LABD, in trading channel

A steady sustained decline of tracking index SPBIO, is the best environment for highly leveraged (3X-inverse) fund LABD.

Biotech continues to be one of, if not the downside leader.

There has been no major break lower (LABD higher) that would draw attention to the index. That’s good in a way; it allows one to open positions (not advice, not a recommendation) while price action is relatively quiet.

It’s still a while before the close. LABD could even finish slightly lower and remain in the trading channel shown above.

Self-Employment Is Key:

It’s stories like this that highlight one way (if not the only way) to avoid being sucked into the first round of injections is to generate your own income.

It seems that everyone jumps on the bandwagon and tells us ‘how bad it is’ … very few do the work and show what can be done about the current reality.

From a financial market perspective, shorting biotech looks like the highest probability set-up (not advice not a recommendation) until such time that price action says ‘get out’.

So, that’s this site’s approach to generating income and being separate from any large (mandate enforcing) corporation.

‘Knock and Talk’

One last note on taking action. This is an example; offering a perspective on what can be done if there is a knock at the door.

Narrow your focus of ‘influencers’ to those who actually provide a service. Reduce or eliminate exposure to those who continue to peddle the fear without any kind of plan.

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.

Market Summary

Dow, S&P, Russell … all outside down

Three markets with key reversals and the biotech sector (SPBIO) posting an inside day.

One other (less followed) market of note with outside down, was basic materials (DJUSBM).

Gold’s (GLD) upward thrust from Thursday the 29th, continues to erode.

One gets the sense that it’s slipping away for the bulls.

SPBIO price action shows the most probable direction is lower.

Expectation for the next session, is for some kind of downside follow-through along with lower market action overall.

Positions:

Current positioning remains unchanged (not advice, not a recommendation) being short the biotech sector via LABD.

Market updates for the week will be limited (as the result of travel) and will resume with technical discussions by the week-end.

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.