Category Archives: LABD

Possible Blow-Off Top

June 8, 2021 By in Biotech, BIS, IBB, LABD, SPBIO

11:41 a.m., EST

Biotech IBB: Straight down in early session

Support at 153 – 154

If IBB’s going to test by moving up to underside of resistance, that support (153 – 154) would be a good place to start.

If we just had a massive short squeeze, support may not hold and IBB just continues on down.

The other biotech index, SPBIO, is performing in a similar fashion. Inverse fund LABD is up sharply as of this post.

Several updates on biotech, IBB and SPBIO have mentioned ‘collapse’.

A future update will provide some perspective on the potential downside for the sector

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.

Just Doin’ My Job

June 4, 2021 By in Biotech, LABD, SPBIO

1:31 p.m., EST

If there’s going to be a big move, it’s the market’s job to make sure you’re not in it.

We’ve already had the push below, and reversal from, established support on inverse biotech LABD, May 28th.

At this point, we’re in a test that serves two purposes:

Frustrate the impatient and run the stops on anyone that’s incorrectly positioned.

The circled area on LABD, in the daily chart is shown on the hourly below:

Anyone that set their stop at the low of Wednesday, June 2nd (in what looked like a good location) has been stopped out.

On top of that, note how once that location was penetrated, price action ‘stopped dead’ (pun intended).

That’s the key.

Once the stops are cleared, there’s no more energy left to move lower.

As of this post, LABD’s already reversing from this area; supporting the hypothesis.

Positioning:

Short position in biotech SPBIO, via LABD, is being maintained; not advice, not a recommendation.

Summary:

The more this market gyrates and attempts to throw off participants, the more it looks like something big is in the works.

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.

Controlled Insanity

June 3, 2021 By in Biotech, LABD, MRNA, Project Stimulus, SPBIO

1:32 p.m., EST

It’s not ‘controlled opposition’

It’s controlled insanity

The masses (maybe all of us for that matter) have to be kept on edge just enough to be easily advanced to the next level of narrative.

Case in point, is this link.

It’s just one more piece of pre-programmed trash that’s attempting to control the public’s perception and direction.

“Globalists Losing Narrative”

Give me a break. Globalists aren’t losing anything. At least, not yet.

Markets & SPBIO

The overall markets are still hovering at all time highs; even as reports like this one, continue to show that everybody’s all-in on an unprecedented scale.

Evidently, they have no plan for down … where the real money’s made.

Moderna’s (MRNA) in its second day attempt to breakout higher; all the while, the index itself (SPBIO) continues to edge lower.

The 2-Hour chart of LABD below, shows a potential trend.

As with previous analysis comments, we’re looking for a trend the market itself, says is important:

It’s clear, the trend (above) has been repeated several times in LABD’s own price action.

LABD itself, tells us to pay attention.

The right side trend line might not look like much … but it’s rising at about +45,500%, on an annualized basis.

Positioning:

A break of this trend does not necessarily mean we’ll exit out Project Stimulus position; not advice, not a recommendation.

We’ve got the hard stop discussed previously at LABD 21.77; again, not advice, not a recommendation.

Summary:

While the retail traders/investors (the only direction they know is up) go collectively insane, we’re keeping under the radar and quietly maintaining the short positioning in biotech.

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 Race’

June 1, 2021 By in Biotech, LABD, SPBIO, The Speck

10:26 a.m., EST

The Race To The Fall

No, it’s not a race to full ‘injection’ as the article at this link implies.

It’s a race to have as many immune systems compromised (destroyed, probably more accurate) before the regular flu season.

If the alternate data (more on that below) is even half-right, that’s when the real effects kick in.

Of course, anyone still watching mainstream outlets will be led to believe it’s some kind of ‘triple mutant variant’, that requires a ‘booster’.

It’s as ridiculous as ‘Double secret probation‘

There’s an entire segment (possibly, a majority) of the world population that would suffer a mental collapse if they discovered the truth.

Instead of searching for truth, they grab the jack-boot (of injection) ever more tightly in a vain psychotic hope their executioner will spare them.

That sentiment is supported by reports of second injections … even after the fist one is nearly fatal.

Which brings us to the biotech sector.

Analysis:

In the first thirty minutes of trading, we can see SPBIO, has made a new daily low with inverse LABD (below), making a new daily high.

That price action helps confirm (no guarantee) that we’ve pivoted at the 23.6%, level as discussed earlier in this update.

If SPBIO continues to erode from here, it’s indicating potential for a sustained, possibly dramatic move lower.

If the reports found on alternate sites (here and here) are true, biotech is destroying its own customer base; most of that base may be gone by the end of the year:

The ‘race to the fall’, indeed.

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

May 30, 2021 By in Biotech, Dr. Elder, LABD, Random Notes, SPBIO, The Speck, Useful Idiots, Usual Suspects, ZeroHedge

The usual suspects for the week.

No.1

During the 1918, Spanish Flu, only the speck injected died.

No. 2

Published numbers (if you can believe them) say 38%, of those in the U.S. have received speck injection.

It’s gets interesting when you crank the numbers for Russia.

Using population data from this source, only 3.7%, of them have received the same injection:

About 90%, less than U.S.

Guess who’s coming to dinner?

Meaning, guess who’s going to be in a better position from a military strength and health standpoint.

No. 3

Here’s a cheap, effective defensive tool. Looks bad but it works.

I had the former owner of Texas Tactical, tell me one time …

“Whatever the .45 hits, is coming off.”

Here’s a reminder of what the .45, can do: Time Stamp: 0:39.

Dead before you hit the ground.

No.4

“The best way to control the opposition is to lead it ourselves.” – Vladimir Lenin

No. 5

Legitimizing the lies

Just 17-seconds into this video and we have our answer whether this is news you can trust.

Useful idiots.

See No. 9, below for an update on what’s really going on.

No. 6

Working through comments on ZeroHedge, brings up this link, on mind control.

No. 7

Clouds on Mars. Really?

With atmosphere just 1% of Earth …. that’s one-percent; somehow we get clouds forming that have a strangely familiar ‘metallic sheen’ to them just like you see after a high level ‘spraying’ right here on Earth.

No. 8

“Virtue signaling little turds”

Time stamp 1:57, at this link lays it out.

The plus side; As we get closer to the fall (regular flu season) … just months away, everyone’s going to have a fantastic opportunity to find out what there’re really made of.

Bravery’s like a muscle. It needs to be exercised often.

Time to get the popcorn ready.

No. 9

‘Speck injection stakeholders are going to be disappointed with the success of the program’ (time stamp: 2:08).

Yes, indeed.

It’s possible the fundamental and technical conditions of the biotech sector are lining up.

As Dr. Elder said in his book years ago, when this type of alignment occurs, the resulting move can be extremely powerful.

We’ve just had a potential test and downside reversal of SPBIO at the 23.6%, level; an indication of severe weakness.

No. 10

Peer reviewed stupidity

This one’s a corollary to No. 8

In a way, it’s nice to see that mediocrity, stupidity and laziness may be set for a thorough house cleaning.

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: Now, It Gets Interesting

May 28, 2021 By in Biotech, David Weis, LABD, SPBIO 5 Comments

1:39 p.m., EST

Retrace to 23.6%, rejected.

Shallow retrace indicates severe weakness.

Sustained downside potential.

The inverted chart of SPBIO above, shows price action has touched the 23.6%, level and is reversing.

The next chart has yet another Wyckoff spring set-up … equivalent to a Wyckoff ‘up-thrust’ on the regular, non-inverted chart.

Inverse fund LABD, is current trading at 22.77 – 22.83; far away from the session low at 21.77.

On a 4-Hour basis, the current bar has posted a new high.

The high for the morning session came at the open; 23.05

That high was exceeded when the next 4-hour bar posted at 23.10.

Why is that important?

It weights the probability to the upside for LABD.

That in turn weights probability we’ve seen the last of the downward corrective moves for LABD.

If so, we’re positioned for a major decline in biotech SPBIO.

If not, we’ve got an absolute hard-stop @ LABD 21.77 (not advice, not a recommendation)

At this point, it’s time to “Set the stop and walk away” as David Weis put it in his video.

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 Next Four Hours

May 28, 2021 By in Biotech, LABD, SPBIO

8:58 a.m., EST

The past 48 hours have closed lower for inverse, LABD.

The next four hours may be the key

Using the four-hour chart allows us to break each trading session into two parts (morning, afternoon) as shown above.

Doing this gives us a cleaner picture of what’s happening from a thrust energy perspective.

Thrust energy is a relative number: (Net distance)*(Volume)

The obvious part in the chart, thrust energy is rapidly dissipating as price nears the support area (blue line).

This action could be a secondary test of the spring set-up that has been discussed over the last week or so.

Secondary tests do happen but not that often.

At this juncture in the pre-market, LABD is set to open slightly lower; possibly opening right at the support line.

If time permits, another update will be generated after the morning session (the first four-hours) is complete.

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.

Lower, Lower … Weaker, Weaker

May 27, 2021 By in Biotech, LABD, Positions, Project Stimulus, SPBIO

6:37 p.m., EST

Inverse biotech LABD, closes lower (again).

All is not what is seems.

Down-thrust energy diverging.

The daily close of LABD, shows price action has penetrated another (lower) support level.

Close below support on the weakest down-thrust energy (and lowest volume) since LABD, started its corrective move on May 14th.

Everyone has their own preferred time-frame. Ours is probably longer than most.

If there’s going to be a meltdown in biotech or some kind of serious correction lower, a likely bottom for a sustained move (as said before) will be where they usually are … the third week of October.

Price action is the final arbiter. However, it (SPBIO) has not (yet) indicated it’s on a new bull run to new highs.

At this point, the market’s frustrating both longs and shorts … and doing a good job of it as well.

Our short position via LABD, is being maintained … but the finger is edging closer to the sell button; 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.

Print & Close

May 26, 2021 By in Biotech, LABD, Martha Stokes, SPBIO

6:47 p.m., EST

Looking at inverse biotech LABD: Close basis.

Just a minute or two after LABD penetrated yesterday’s low, a huge block trade when by on the tape.

The trading platform used shows Level II, streaming Time & Sales with transactions color coded.

The color key is as follows:

Green, Buy

Red, Sell

Purple, Sell below bid

Yellow, Buy above ask

Grey, Transaction was (buy or sell) between the bid/ask

The large block was coded Yellow: Size 18,184 shares @ 24.2699

That equates to one trade with a value at $441,323.86 … essentially a half-million dollars.

What’s the point?

If there are too many stops at one area, trade execution is automatic. This type of behavior was detailed in a prior report, linked here.

It’s not unreasonable to think today’s action was for the purpose of allocating one trade at a half-mil. Novice traders and neophytes were used as the bait (setting their stops at yesterday’s low).

Setting the stops at that location would essentially make the computer algorithms go automatic to hit the stops (as described in the Martha Stokes’ link above).

Whoever made the block trade was willing to pay above ask so the entire transaction would be filled at once.

Looking at the 30-minute chart of LABD below, we see a near perfect descending line right into the lows of the prior session.

The first chart in this post has the actual close below support where the original forecast called it as a test.

The push below support on a print basis had occurred prior but the actual close below support (to complete the set-up) came two days later.

Here we are: Testing the spring set-up on a closing basis while potentially taking out the weak hands positioned long LABD.

It’s likely we’ll know tomorrow. If LABD price action opens higher and makes a new daily high, it’s a high reliability signal we’re under way.

If not, something else is at work … yet to be determined.

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 LABD, Verifies Trend

May 26, 2021 By in Biotech, LABD, SPBIO

11:02 a.m., EST

Trend is down for SPBIO. Up for inverse, LABD

Daily chart of LABD, below:

As long as yesterday’s low (24.19) holds, LABD’s on track for a sustained move higher.

Currently, the right side trendline contacts are four in succession.

Price action’s still holding to the forecast in this report … but it’s really putting the right side trend to the test.

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.