Biotech: Black Swan, Trigger?

9:17 a.m., EST

SPBIO: Downside Channel

Inverse Fund LABD, Higher

The daily close chart of inverse biotech LABD (above), has price action in a tight channel … trending higher (SPBIO, lower).

At nearly 500,000 views in just two days, this interview, on rumble, continues to build the fundamental case for either a biotech collapse, economic collapse, societal collapse or all three.

Update (10:05 a.m., EST): rumble interview nearing 520,000 views. An increase of 30,000 in just 18-hours.

Whether or not the LABD trading channel will continue to be in-effect, is unknown.

What is known however, what increases each day; this sector, unlike any other, has an unprecedented world-wide fundamental (criminal) backdrop.

The pundits, analysts, all looking for the trigger event … the black swan.

None of them are saying biotech could be that trigger.

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.

Run fast … or, Not at all

3:48 p.m., EST

Biotech ‘Gut-Check’

One of Dr. Elder’s admonitions was: ‘Run fast or not at all’ when confronted with retracing price action.

The trade plan from months ago, concerning the biotech short (not advice not a recommendation), was that potential for collapse was so great, the trade was going to be maintained (and increased) until it either worked out for profit or the price action was so obvious that ‘now, was not the time’.

If there ever was a time in the past five-weeks for SPBIO bulls to take back control, this is it.

However, to prove they’ve got the upper hand, inverse fund LABD would have to make a new weekly low … at least.

That (low) has yet to happen.

The inverse LABD tape is a sea of red and purple; at the bid, below the bid, mass selling … having the look of capitulation by the bears.

It’s possible we’ll know more over the next few days.

At this juncture, LABD price action is testing a support-boundary area while also testing the right side weekly trend line.

Marked charts are below:

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.

The CDC, The PCR, and Biotech

12:20 p.m., EST

ZeroHedge picks up the story

As if on cue, ZeroHedge has just posted this article which covers the No. 1 bullet item from yesterday’s ‘Random Notes’.

It’s typically not the article that’s of major importance but the comments.

A screen-shot of comments with a series of links from that article, are below:

ItsAllBollocks13 hours ago

Why isn’t anyone mentioning the WEF? It’s all there in Claus Schwab’s book called the Great Reset, can’t anyone read anymore?

https://straight2point.info/wp-content/uploads/2020/08/COVID-19_-The-Great-Reset-Klaus-Schwab.pdfplay_arrow13play_arrow

Mister E11 hours ago

excuse me but people post about the WEF here all the time, are you new?play_arrow7play_arrow

Not Your Father’s ZH34 minutes ago (Edited)

Yeah, right? I and others have posted many times about the not-so-Great Reset, Cyber Polygon, Event 201, Herr Unkle Klaus Schwab’s Chez Davos broiled insect loaf under polystyrene, owning nothing and being thrilled, etc. Whitney Webb has been one of the best reporters on it, Catherine Austin Fitts, many more. Lew Rockwell is the single best place to start from, as it links to all of this. Speaking of which:   7.9 Billion Lives in the Balance

The Covered-Up Crimes of Vaccine-Maker Pfizer – Just Another “Too-Big-To-Fail” American Corporation

Joe Biden Spreads Vaccine Misinformation Live on CNN to Millions of Americans

CDC Panel Signals Support for Booster Shots, as Reports of Injuries, Deaths After Covid Vaccines Near 500,000

‘Every Solution Except the Vaccine Has Been Suppressed’    We Live in a Fraud of Unprecedented Dimensions

How To Get Ivermectin      Ways To Take Action     Child Abuse       https://www.technocracy.news/

Bombshell lawsuit: Gov’t whistleblower says coronavirus vaccine deaths at least 45,000

47 studies confirm ineffectiveness of masks for Covid and 32 more confirm their negative health effectsplay_arrow3play_arrow

It’s obvious those monitoring and commenting on ZeroHedge are wide awake.

Once again, all of this brings us back to biotech.

Biotech, SPBIO (LABD) Analysis:

We’re going to start with an unmarked chart of inverse fund LABD, on the weekly scale:

It may not be obvious at first, but the chart can be separated in two as shown:

That inflection point, the week of May 14th, ’21, is where the bulls attempted a reversal and the bears (of SPBIO) are going to take control.

Notice that before May 14th, price action is wide and choppy. Afterwards, it settles down into a clean and rythmic flow.

From that inflection, LABD price corrected downward a Fibonacci 8 weeks before pivoting to the upside (SPBIO lower).

Now, we can draw a trading channel:

For months, the anticipated low of SPBIO, high for the LABD trade (not advice, not a recommendation) was/is planned to be the third week in October.

As price action progresses, and taking a cue from Robert Prechter (about trading for large gains), one needs to be prepared for SPBIO to just keep on going lower (LABD higher); even through October if that’s the case.

Summary:

The ZeroHedge article and especially the comments, show we’re in the middle of the largest fraud in world history.

It’s disappointing but not surprising, ‘certified’ management agencies (and I personally monitor quite a few) are saying nothing (publicly) about what’s really going on.

Their websites still show the ubiquitous sailboat with the retired couple looking out wistfully into the (chem-trailed) sunset.

Trading For Your Life:

With each passing day, it’s becoming obvious self-employment (like trading) may be the only way out. The big corporations are likely to mandate (illegally) en-masse, that everyone’s injected.

The plan to destroy the smaller businesses looks to be moving forward via more ‘lockdowns’.

Some states (like Texas) may somehow be separate. So far, so good.

The other states, not so much.

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

You can’t make this stuff up.

CDC declares PCR test unsuitable for identifying ‘The Speck’.

For those new to this site, it’s called ‘The Speck’ (to avoid censorship, and) as a spoof from Horton Hears a Who … the speck on the clover

The speck on the clover represents how big the supposed ailment really is … virtually non-existent.

Back to the CDC.

Screen-shot of website, below:

Actual link to the website, is here.

Turns out Dr. Coleman was right (never doubted him). It’s just the re-branded, seasonal flu.

One more brick in the wall for biotech.

No. 2

You’re going to need a root cellar.

The No. 1, item shows the wheels already set in motion.

If the available data is even half-correct (pathogenic priming), it will be years, if not decades before the oscillations from this event dampen out.

So, it’s prepare for the long game.

Here are two links (here and here) describing effective, low cost root cellar designs.

No. 3

Here we go again.

It’s back to Mask on, Mask off and what the ‘experts‘ say.

What variant are we on now … Epsilon?

No. 4

Quote of the week:

You have to go where the food is as it wont be picked packaged or transported. Without food everything else is irrelevant.

The big “joke” is that people actually believe the plandemic is over when is is only just getting going, they have seen to that.

Normal is never coming back so the sooner people REFUSE to participate in what is being forced on us the faster we may have our lives back.

Unfortunately an overwhelming majority are not able to think for themselves and eventually lapse into insanity due to the psychological warfare they voluntarily watch every day.

Link to the above quote (posted in the comments) is here.

Yes, ‘Without food … ‘ How’s that stack of silver coming?

No. 5

Think like a Texan

J.P. Sears, shows us how it’s done.

No. 6

Bartering?

If it gets to bartering, Glenfiddich is the most recognizable and available 12-yr old Scotch.

No. 7

Administering The Mark

If it really is the mark, it’s nice to see ‘the church’ has become so deceived (and vile), they are helping lead the effort.

The video above, shows someone that’s collapsed just after injection; right on the steps of ‘the church’.

“And then will I profess unto them, I never knew you: depart from me, ye that work iniquity.”

Time stamp 0:02 at this link confirms the location.

No. 8

Let them eat trash

Incompetence runs the city.

Brokerage firm Schwab’s headquarters has officially pulled out of San Fran for Dallas … anyone else left?

If we’re really in the first stages of ‘balkanization’, it’s clear that Texas will be a major player.

No. 9

The one difference between ‘Conspiracy’ and fact, is ‘Time’.

No. 10

Food prices surge … supply chain about to break (if not already).

At time stamp 8:49, J.B. reports that food prices in Lebanon have increased 670%, in about two years.

Coffee futures moving up as a result of crop failures in Brazil.

If you already have precious metals … great.

If not, they may be about to come on sale in exchange for food.

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.

Livermore, Wyckoff, & Loeb

Buffett’s not on the list

After thirty-four years of researching the markets, focus has narrowed to three masters from the early 1900s; providing a solid framework for addressing the markets of today.

More detail on these masters can be found at this link.

Summarizing their knowledge as follows:

Strategy, Tactics, & Focus

This update demonstrates how those tenets are being implemented.

Strategy:

In Livermore’s fictional autobiography (Reminiscences), he muddled around for years before identifying his niche.

That is:

‘What’s going to (or what’s likely to) happen in a big way.’

That insight has been used to identify the biotech sector as ripe for complete (and well deserved) implosion; more so than any other sector in the market.

For many months, the case continues to build for collapse.

Here’s just one more brick in the wall; providing even more support for implosion.

Tactics:

Wyckoff committed his entire professional life to decoding the market and its moves.

He is (as far as available data shows) the father of technical analysis.

Terms like ‘support’, ‘resistance’, ‘accumulation’, ‘distribution’, did not exist before is treatise, “Studies In Tape Reading”, published in 1910.

His bottom line:

Price is moved by a force of its own; having nothing to do (in a causal way) with fundamentals:

‘What is the market saying about itself.’

The biotech sector SPBIO, is tag-teaming with gold miners GDX (and GDXJ), for downside leadership.

SPBIO finished the week down -27.5%, from its February 9th (2021) high; running a close second to GDX, which finished the week down – 27.6%, from its August 5th (2020) high.

From a speed-of-decline standpoint, biotech’s in the lead.

Focus:

Loeb’s brutal admonition was: ‘The naïve, lazy, mediocre, ignorant and the incompetent “diversify”.

His follow-on corollary was: ‘Real market opportunities are few. If one is discovered, it must be used to its maximum extent.’

Loeb’s assessment of those in the market, is not much different from Wyckoff’s:

“The average man never makes a success of Tape Reading.

Right you are! The average man seldom makes a success of anything.” (emphasis is Wyckoff’s).

From the above list, ignorance can be fixed through determination, study, tenacity and the never-ending search for (market) truth.

The others, not so much.

Using Loeb’s tenet, that is, ‘focus’, we’ve taken it and have gone short and continue to go short (not advice, not a recommendation), the biotech sector via LABD.

Summary:

There’s no guarantee the short trade will work out; yielding a significant gain.

Any number of things can happen:

Internet outage, power outage, terrorist attack, supply chain and transportation shut-downs … literally, anything.

However, being short (from a personal standpoint) is better than wringing one’s hands, cowering in fear, looking to the (bought and paid for) financial media to provide direction on what to do in this unstable environment.

Epilogue:

By using the life’s work of Livermore, Wyckoff & Loeb, its been determined, being short biotech (and possibly the mining sector) is the appropriate market stance.

With the caveat that even now, one might need to exit the trade; it still appears at this juncture, the on-going short (not advice, not a recommendation) is the most focused profit opportunity given the current environment.

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, The Case for Reversal

3:10 p.m., EST

Inverse fund LABD, Thrust Energy analysis

Upside hourly bars have increasing thrust energy.

The lower portion of the chart has Force Index widened to better show detail

The numbers are relative; showing increasing energy on hourly upward thrusts.

Downside energy is dissipating

Probability is high for LABD upside reversal; 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.

S&P 500, Head & Shoulders Top?

11:40 a.m., EST

Potential Head & Shoulders

The hourly chart above shows the potential.

A pull-back to the hourly low (434.07), gives additional confirmation to the nascent reversal.

In the biotech sector, SPBIO is currently pulling away from the 38% retrace discussed yesterday (LABD higher).

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.

Now, It’s A Depression

3:43 p.m., EST

Recession’s over … Depression starts

Boots on the ground update from Dan at ‘I Allegedly’.

Drastically reduced economic activity at premium retail locations.

From Uneducated Economist: There’s news the lumber mills are going to curtail production … right in the middle of summer … the high season.

Couple that with the strange ‘going’s on’ reported at this link concerning the database that’s being monitored.

Then, we have another strange ‘coincidence‘ that takes place every hundred years like clockwork.

Which brings us to the sector at hand: Biotech

SPBIO Analysis:

We’ve taken the hourly chart of biotech SPBIO, and inverted it; shown below:

Price action pushed through the spring set up conditions noted in the last update.

SPBIO went on to retrace to the 38%, level … where it is now.

Looking at the price structure of inverse fund LABD (not shown), the downward thrust energy on a daily basis has declined significantly.

That analysis to be forthcoming.

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.

The Unprepared

1:57 p.m., EST

South Africa Food Lines

The video at this link paints the picture.

Let’s use the images in that video and get deathly serious for a minute.

Imagine yourself walking up to one of the people in line, asking this rhetorical question:

“How’s that stack of silver?”

It’s no secret to anyone that’s been monitoring this site, we’re using the Biblical model (Genesis 41) for the current environment (not advice, not a recommendation).

That is: Corn and Grain (food) first … then gold and silver.

At first it seemed like a quaint alternative to the non-stop hyperinflation (no thought required) rants to continue ‘stacking’.

Now, it’s different. Now, it’s getting serious.

You won’t see that kind of line outside the bullion dealer.

Moving on to the markets at hand … once again, biotech:

LABD (SPBIO) Analysis:

After yesterday’s LABD behavior, the logical thing to do would be to put the stop at the session low.

After all, that low was just below the lows of the previous day. Good to go, right?

Wrong.

It’s wrong because that’s what everyone would do. It looks like from today’s action, that’s what everyone actually did.

Recall that price action is automatic.

If there are too many stops all bundled up at one location, the orders will (automatically) be generated to go that that spot.

LABD price action penetrated the daily lows at a deeper level early in the session.

In the process, it penetrated well defined support which in turn, puts LABD, in spring position.

That’s where we are now.

Springs are usually tested.

If price action can hold above the support boundary, expectation is for a rally to at least the top of the range: ~ 24.50 – 24.75

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 … Chess Game

2:00 p.m., EST

Force Everyone Out

Then, Go

With each adverse move (for the shorts), the case for biotech downside reversal builds.

You would think, with announcement of lawsuit field in Anaheim CA, stating 45,000 are confirmed dead (via ‘official’ sources) from injections, it would have caused a massive drop.

There was an initial gap-lower open for SPBIO with LABD, opening higher … but then what happened?

Price action went all the way down (for LABD) to the prior session low. That low was then penetraed by just 0.04-points.

That’s just enough to clear out tight stops, novices and short-term traders; all in one shot (no pun intended).

The fact LABD price action immediately rebounded from the lows, now trading higher, indicates possible trend line verification.

LABD (SPBIO) Analysis:

The LABD daily chart (above) has potential right-side trend verification happening now.

Price action cleared out the stops and hit the support/resistance boundary (dashed magenta line) simultaneously.

The weekly chart below, has one potential move:

Many “Ifs”

If we’re verifying the right side of a trend line and if that trend line is actually part of a channel and if LABD price action is pivoting to the upside, then we’ve got a potential trade (not advice, not a recommendation) that might culminate during the third week of October when markets typically bottom out.

So, we’ve got three “ifs”, one “then”, one “potential”, one “trade”, one “might” and one “typically”.

That sounds reasonable 🙂

On the plus side, there’s not yet been a serious upside move in SPBIO, that would negate the downside potential.

Fundamentals are coming out by the day if not the hour. Whether or not it’s all controlled opposition is unknown to us in the proletariat.

We’re not counting on legal action but price action itself.

That action continues to say that biotech is sub-dividing lower with LABD higher.

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.