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.
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.
Ever since the inland hurricane, the ‘Derecho’ of August 10th, it’s never been the same for corn.
Now, it’s going vertical.
The entire U.S. agricultural food supply infrastructure is being systematically dismantled. Control the food, control the population. Simple.
It seems the ‘preppers’ tend to focus on stockpiling silver and gold.
If your’re getting ready for what’s coming, from a historical perspective, that’s not the place to start.
Going way back …. thousands of years, during the famine in Egypt of Joseph’s time, we have this:
“And Joseph gathered corn as the sand of the sea, very much, until he left numbering; for it was without number”
“And the famine was over all the face of the Earth: and Joseph opened all the storehouses and sold unto the Egyptians: and the famine waxed sore in the land of Egypt.”
“And all countries came unto Joseph for to buy corn; because that the famine was so sore in all lands.”
Gen 41: Vs. 49, 56, 57, KJV
They paid for the corn first, with gold and silver. Then they paid with their livestock. Then they paid by selling themselves into life-long slavery. We can equate that last part (slavery) as getting the vax.
As corn is going vertical, the bond market is signaling its move as well.
Just now, today, TLT is rotating higher.
Yesterday, Steven Van Metre showed a chart (time stamp 10:00) of the speculators beginning to back off their historic short position.
They’ve figured out they’re trapped. Now, they’re trying to sneak out the door without being completely impaled on a sharp bond spike.
The S&P, Dow, NASDAQ, Russell 2000, all appear to be holding near their highs.
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.
Markets press on, new highs. However, biotech (IBB) is losing luster.
It could be just a temporary blip on the road upward.
Or, there could be something else afoot not known to the general public … and possibly not even known to professional speculators and market traders.
The video link below is to an alternate (independent) platform. One among many popping up in response to ‘adjustments’ being made by YouTube.
The video at this link is nearly an hour long. It’s one of those things that upon viewing the entire presentation, one can never be the same.
Viewer beware. For those with short attentions, fast forward to Time Stamp 22:50, for the meat.
Wyckoff stated a century ago ‘the reason for a move is always revealed after the fact’; we might find if IBB reverses from here and does not look back, the link above may ultimately become the ‘reason’ for such a move.
Imagine if this presentation becomes widespread knowledge … where will biotech be then?
Of course, price action is always the final arbiter. Positions (and stops) remain unchanged.
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.
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.
It’s hard to describe how stretched the market really is; how ‘the euphoria is so maximized’, as quoted by David Quintieri of the Money GPS.
His latest report, delves into published articles that contain one market stretched quote after another.
Perhaps, the most frightening is:”This does not feel like the top”.
You can find that report at this link. The quotes listed above and more, start around the 1:40, time stamp.
In the markets as of this post (2:08 p.m. EST), biotech (IBB) continues to erode throughout the session.
The firm has made one LABD (3X, Inverse) and two BIS (2X, Inverse) entries this session so far. Not advice, not a recommendation.
Note the stop progression on BIS entries.
Positions are below; not advice, not a recommendation:
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.
It’s been a while since biotech (IBB) was on the radar.
We’re going to look at the thirty-minute chart of 2X Inverse fund BIS, to show the change in character.
The first two oval areas after each up move in BIS (IBB down), was fully retraced. Not only that, the retrace occurred on the same day.
Not so with the last oval, today.
BIS has a changed character. The thirty-minute bar was not retraced; telling us we’re at the danger point where the risk is least.
Both the weekly and daily MACD indicators show momentum has shifted; stalled (on weekly) and has turned lower on the daily.
As far as shorting the biotech sector, any takers? It’s not like the other crowded trades; Dow, NASDAQ, S&P, and on.
As this post is being written BIS is edging back slightly to the entry point @ BIS, 22.23.
In so doing, there may be an hourly trend line forming. If that happens, updates will be forthcoming.
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.
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.
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 “Christmas Bomb” cut communication lines … which by the way is the very first objective during any battle; cut the enemy’s communications.
Matter of fact; that could be the ‘reason’. A test to see how badly communications were disrupted; how quickly they recovered.“
At time stamp 2:00 in this link, Salty Cracker shows the AT&T outage map; nearly half of the U.S. has been affected.
Next week, the markets could rally on such news. Anything can happen.
However, lack of communication means lack of commerce … for an unknown amount of time.
Downside action would seem more probable.
There’s still one more day before the open on Monday … seems like a long way away.
It’s possible by that time, participants will want the safety of bonds.
Bonds that are already sold-short, the most in history.
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 Danger Point® 