Monthly Archives: September 2021

Real Estate (IYR), Reversal?

September 9, 2021 By in DRV, IYR, SRS

After The Close

Attempts To Short Abandoned Last April

The last update on real estate (IYR) was at the ‘abandon’ arrow. At that time, the assessment was, even though conditions appeared set for reversal, it just was not happening.

Something else was going on.

It came out weeks later, that ‘something’ was entire subdivisions were being purchased (above asking price) out from under qualified potential homeowners.

Well, has that trend finally exhausted itself?

Last week’s climactic price rise and volume, which is quickly being eroded suggests were at some type of transition.

An initial position in DRV (3X inverse IYR) was opened today as shown (not advice, not a recommendation).

Pushing below the support level around IYR 107, would help confirm there’s something more going on than just a breakout and test.

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.

Escape From A Sick Society

September 8, 2021 By in Amandha Vollmer, Stew Peters

Late Session

‘Escape Forward’

I’m not a personal fan of Nietzsche.

However, if one disregards his input and focuses on the rest of the presentation, linked here, some of the ideas presented are already in work.

A few (and growing number) of us conceptually understand, ‘normal’ is never coming back.

Some, like Amandha Vollmer have openly discussed implementing the ‘parallel’ society.

This just out from Stew Peters, has his guest (DeAnna Lorraine) suggesting at time stamp 4:50, nurses and doctors that have quit (and there are a lot of them) in protest over not getting injected should start their own healthcare system.

The ‘parallel’ idea is out in the open; possibly gaining steam.

Forming that type of structure needs all the skills of the existing (corrupt) one. Engineers, technicians, skilled craftsman and on.

In that type of system there won’t be any ‘diverse workforce initiatives’. Just imagine, you’ll be hired paid and promoted based on your performance. 🙂

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.

Biotech Short

September 7, 2021 By in Biotech, LABD, Positions, SPBIO

Late Session

Two Attempts To Short

Using the prior day’s analysis that a short entry was low risk, the first attempt was long LABD 17.78, tight stop at the prior day’s low of 17.38 (not advice, not a recommendation).

As the chart shows, it did not take long to get stopped out and have LABD post a daily low of 17.37.

Immediately after the exit (within seconds), price action began to recover. The behaviour of this action gave the go-ahead to make a second entry.

After the second entry, price never came back. The stop on the position was changed to be the low of the day: 17.37 (not advice, not a recommendation)

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.

Biotech Short Squeeze?

September 6, 2021 By in Biotech, LABD, SPBIO 1 Comment

SPBIO Going Straight Up For Two Weeks

The big picture for biotech SPBIO, is above. The monthly chart shows a steady progression higher since 2009.

Stretching the monthly out a bit gives us the next chart:

The two months of reversal back in February – March of this year are clear. Those two bars have yet to be negated. We’re still in a reversal lower until price action pushes back into that range.

Zooming into the monthly bars at the right side highlights a market anomaly; something called ‘the clustering of the closes’.

You can’t see it, unless you’re looking for it. Note how the blue line intersects a good number of the opens and the closes.

This location is an area of resistance. So far, price action can’t get appreciably higher than the resistance (blue line) area.

Drilling even further down to the 2-Day chart and we see the straight up action for the past two weeks … that has now contacted the axis (resistance) line and reversed.

So, was that two weeks a short squeeze?

Typically, once the shorts have covered, there’s not much left holding up the market.

Unless there’s a gap higher above the axis line at the next session, risk of going short at this location is low (not advice, not a recommendation).

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

September 5, 2021 By in Random Notes, Usual Suspects

The Usual Suspects For The Week

No. 1

Wellerman Sea Shanty

A nostalgic, romantic ballad taking us back to the days of hard work and honest money.

No. 2

Potato Gun In Action

One has to wonder how long it will be before we have an ‘assault potato gun ban‘.

No. 3

More Pilots Drop Dead

And the beat goes on.

This is the latest from Stew Peters (and Dr. Jane Ruby). Do you live underneath an established commercial flight path?

Watch unit the very end at time stamp 8:27 where Dr. Ruby gives some ‘good news’. She’s hinting at something.

No. 4

Back In The Day

Here’s a short clip of Foghorn doing what he does best … be offensive.

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.

Gold (GDX) Pushes Higher

September 4, 2021 By in DUST, GDX, GDXJ, GOLD, Gold & Silver, Gold Miners 1 Comment

Fibonacci Order No Longer

It didn’t take long for the ordered price action discussed in the last update to break down.

Action in both gold (GLD) and GDX pushed through their own resistance levels.

During Friday’s session, all GDX short positions were closed out (not advice, not a recommendation).

So, what’s next?

If we look at the price action of gold (GLD) we see a potential set-up in progress.

That set-up is the phenomenon of repeating ‘spring to up-thrust’

The daily chart of GLD shows its been in a spring generated rally. As of the close Friday it’s at well defined resistance.

Price action determines market (trading) action. So we’ll see if GLD breaks out decisively to the upside or breaks out and stalls.

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 (GDX) Signs of Order

September 2, 2021 By in DUST, GDX, GDXJ, GLD, GOLD, Gold & Silver, Gold Miners 1 Comment

After The Close

Fibonacci Width Channel

Fibonacci Sequence On Trend

Adhering to Fibonacci time sequencing does not guarantee anything.

What it does tell us in the case of GDX (daily) below, is that price action’s exhibiting order.

Fibonacci width on the GDX trading channel can be seen here.

Order is what usually comes before dis-order 🙂

It won’t take much force either way, to negate the down-channel set up; or allow gold and the miners to descend into bear market chaos.

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 (GDX) Bulls … Exhausted?

September 1, 2021 By in DUST, GDX, GDXJ, GLD, GOLD, Gold & Silver, Gold Miners, Positions, Wyckoff

Mid-Session

Intraday Hourly GDX Reversal: Signs of Trouble?

It took one more day than expected.

With a slight new daily high, we’re potentially at the end of the GDX rally.

It should be noted: The past two weeks of trading have stayed within the price extremes of the wide bar posted during the week of August 20th.

This is called ‘inside action’; typically signaling preparation for the next phase … whether up or down.

Note, the inverse fund DUST pushed just 0.02 points (DUST, 19.78) below our stop level (not advice, not a recommendation).

That position was elected to be maintained … we’re still short.

The hourly unmarked chart of GDX is below:

Next, we invert the chart to mimic the inverse fund DUST:

Now, comes the mark-up:

From Wyckoff’s writings all the way back to circa 1910, he discussed ‘shortening of the thrust’.

When net progress becomes less and less … we know we’re nearing the end of the move.

Throw into the mix the high level of resistance at the GDX 33.00, and probabilities favor the downside … upside for DUST (not advice, not a recommendation).

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.