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.
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.
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.
The marked chart below, shows support penetration, test and reversal.
If testing’s complete and there’s no more upward action in the coming week, SPBIO looks to be on its way to much lower levels.
Recall, that price leads the news.
If there’s a major break lower, we’ll have the corresponding news item(s) as the ‘reason’ for the break.
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 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.
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.
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
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.
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.
“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?
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.
The unmarked hourly chart (above) of inverse fund LABD, shows the location of the last update.
That update called for LABD to reverse higher; based on thrust action of the market itself.
Soon after (magenta arrow), LABD pivoted higher.
The right side action has a familiar repeating trend:
The chart below is a compressed version.
The repeating lines have been added. Arrows show contact points:
Strictly as a courtesy, daily chart of LABD is below with notations of buy and sell (not advice, not a recommendation) for my firm’s main account.
A good many that monitor this site have probably become bored with biotech … just as they did with Steven Van Metre’s analysis of bonds (back at the lows).
Van Metre is providing an excellent service. True, he probably has people moving their accounts to him. He’s running a business after all.
However, that does not negate the fact, he’s one of, if not the only one saying that we’re about to enter a deflationary environment (if not just temporally); complete opposite the conformist (and media led) crowd of hyper-inflationists.
Even Johnny Bravo has said, ‘hyper-inflation will come … but when?’
Summary:
The short positioning in biotech (via LABD) continues: Not advice, not a recommendation.
Rumors are swirling now about power outages and cyber attacks with major corporation website shut-downs.
Does anyone really want be to playing around with long positions when torpedoes (to hit the market) are already in the water?
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 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.
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.
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.
