Gold Miners Reversal

9:31 a.m., EST

Gold and the dollar, correlated

Dollar’s set up for reversal and miner’s, GDX attempt to move higher, failing

Over the past few weeks, the bullish divergence case for the dollar has already been presented.

Now, it looks as if miners GDX has topped and reversed

Price action above shows that so far, GDX has not been able to get back above resistance.

Inverse fund DUST just opened higher +1.26%, at 15.25

Stay Tuned

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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: Break-out or Blow-off?

2:41 p.m., EST

Massive volume in Biotech, IBB.

Price action penetrates resistance.

Heading higher or set-up for collapse?

It’s about 80-minuts before the close and already, IBB’s printed more single day volume than in the past four years.

There must have been a huge number of stops at the resistance area for price action to launch so decisively.

Now, as we get near the close we’ll see if it was just short covering, or if there’s really some kind of demand to hold and move prices higher.

The 4-Hour chart (below) shows a potential reversal as we head into the closing hour.

It’s the trader’s discretion on how to interpret and position (if warranted) in this environment. This site does not make recommendations.

However, based on the technical and fundamental data provided over the past year, we’re expecting at some point, a complete collapse of the sector; bottoming-out sometime in mid to late October, this year; not advice, not a recommendation.

If IBB continues to push decisively upward from here, meaning, tomorrow’s session is follow-through action, it will most likely (but not fore sure) invalidate the ‘collapse’ scenario.

We’re at the danger point

One of many other factors helping the bearish assessment is the release of this report:

Sell signal hits all-time high

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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

“Intermittent reinforcement, is a hook.”

That’s what the late David Weis told me during a mentoring session years ago.

Being told a half truth, fools the easily fooled into thinking that maybe someday, they’ll be told the whole truth.

It’s a psychological hook that never ends.

The so-called news organization at this link, likes to act like it’s part of the opposition; It feigns surprise as it ‘reports’ on carefully crafted, selected, intermittent reinforcement topics.

Nothing happens at this level that’s not planned.

Nothing.

No. 2

Cyber attack at largest meat packer.

Just one of many hits taking place in the cattle industry.

The cattle livestock/ranching sector continues to be under increasing (planned, intentional) attack.

As Ice Age Farmer reports, both Colorado and Oregon are working to outlaw cattle ranching; making it too expensive to raise beef and thus eliminating the practice.

Meanwhile, back at the ranch … literally, there’s an independent meat processor near Fort Worth.

Personal anecdote below (skip to No. 3, if desired)

There’s a ‘hole in the wall’ meat processor in a town near Fort Worth.

It’s located well off a main road and next to several nursing homes. Vacant, weed-overgrown lots, surround the building.

You have to navigate a giant pot-hole in the dirt parking lot to get to the metal barn-like entrance.

Once inside, you’re standing on a cement floor and facing a long refrigerated display case … probably, 20ft – 25ft, long.

It’s at that point, you realize you’re not ‘inside’ but actually underneath a metal overhang that was attached to the outside of the main building.

From the amount of rust visible and the worn paths in the concrete, it looks like this ‘addition’ took place at least twenty years ago.

While I was there, a man who had driven from Sachse (pronounced Sacks-see) was there to pick up his order.

Sachse is on the other side of the Dallas-Fort Worth metroplex. It’s over 60-miles away. Not far in Texas, but still.

This is the type of place that will process your typical deer or other game kill for the ‘Bubba’ type hunters.

That is, until now.

There’s a sign at the entrance that says because of the overwhelming increase in business, game processing will no longer be available.

That sign is right next to the “Help Wanted” sign.

So, that’s how it’s mapping out … at least on that day in this town next to Ft. Worth.

The infrastructure is fragmenting.

Extrapolating the example above, it looks like small independent ranchers and processors will attempt to pick up the slack … but it’s not likely to be enough.

The real constrictions to the food supply have not even started. This small hole in the wall, is already overwhelmed.

No. 3

One reported effect of speck injection is being termed “Jab Freeze“.

The link shows what that may look like. Source has not been vetted.

You be the judge.

No. 4

Nurse calls out her corrupt and cowardly co-workers.

At time stamp 6:53, she calls them “The Devil’s Little Helper”.

Taking money to knowingly inject people (and now, children) with a lethal concoction is betrayal.

I wonder if that extra pay amounts to ‘thirty pieces of sliver’.

No. 5

Don’t drink the Kool-Aide

Remember that?

Late Saturday night, an episode of “Corrupt Crimes” was aired that covered the Jim Jones massacre.

Did you know there were survivors? Want to know how many?

There were 33 survivors.

That puts the whole event in a different light doesn’t it?

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.

Lumber Crash … Economy, Next?

Lumber futures’ follows familiar ‘crash’ pattern.

From a July futures contract high of $1,711/thousand board-feet, futures prices have crashed to $1,284/thousand board-feet, in less than a month.

As this ZeroHedge article states, the futures collapse was precipitated by delays in construction.

Those delays were because of … well, high prices.

Now, the cycle starts.

Delays precipitated the price collapse. That in turn, will cause more delays as construction entities wait for lower prices.

Those lower prices could materialize. Right along with project cancellations from contract loss, job loss, earnings downturns and on.

Personal anecdote below (skip to ‘Analysis’ if not interested):

Yesterday, a trip was made to the local home improvement store … the one with the orange logo.

During robust economic times, the loading area at the lumber ‘contractors’ end, is so busy that pickups, flatbeds and trailers, are lined up in double rows.

This time, walking into the contractors entrance, there were no customers in the loading area. Treated fence pickets were stacked two – three bundles high in rows. At the same time last year, there we none available.

Going inside and down the lumber isles, inventory was well stocked.

The treated 4X4s were available (although more expensive) and another re-stock bundle was available to be pulled from an upper rack.

Treated 4X4s, are high volume sellers at that location (Ft. Worth area). It’s a good gage of economic activity.

Last year at the same time, there were no 4X4s in that rack for several months in a row.

At the time, similar reports of such were being presented by Uneducated Economist. No treated 4X4s, anywhere.

In the lumber isles, there were just a handful of customers (mom and pop types) and absolutely no professionals or contractors.

The lumber carts, typically called ‘H-Carts’ because of their H shape, were plentiful and all lined up on the main isle. That’s also different from a year ago when it was so busy, customers had to go search for their own carts out in the parking lot.

There was one cashier and nobody in line.

This is all happening around 5:00 p.m., on a Friday.

One Friday does not a trend make … but it is a data point. The lumber area of this store on a Friday afternoon (when contractors typically get stock for the weekend) was dead.

Analysis:

We’ll look at one of the usual suspects in the lumber industry; Weyerhaeuser (WY).

On the daily chart below, it topped and reversed right along with the futures. Its had a decisive trend break as well.

If we’ve seen the top in the lumber futures and if we’ve just had a crash, the events that follow, play out like a script.

Prices stabilize at some point and begin a counter trend move.

Everyone (almost) is fooled into thinking it’s coming back … until another break lower. That’s when the real panic starts; in the market as well as the economy.

Biotech, SPBIO is in this position now

After the initial reversal, prices stabilized; then came back in a counter trend. Thus far, they have reversed at the 23.6%, level.

Summary:

It’s probably an accurate statement, that nobody really knows what’s going to happen as a result of ‘speck’ injection. Seems like all information could be compromised (controlled opposition) in one way or another.

However, what tends to repeat with high levels of probability are specific set-ups in price action.

Price action is truth.

Above, we see WY either traded at a particular level, or it did not.

Once a crash scenario (if that’s what we have) like lumber futures gets set in motion, it will be years and potentially decades before prices return to or exceed the highs.

Stay Tuned

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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

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

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.

Creature From The Black Wuhan

1:04 p.m., EST

How long will this side-show last?

Once you’re awake, diversions like this one, have no effect.

Well, none almost, other than to be reminded the powers that be have absolute contempt for those that aren’t in their global club.

You have to wonder, what’s next? Maybe it’s time for the (fake, or real) alien invasion.

Maybe we’ll have a few more ‘planned’ cyber attacks … who knows?

Meanwhile, back at the ranch, it’s more than a bit interesting the biotech sector with its quarterly reversal, weak 23.6% retrace, and now continuing downside (so far), is not a major topic of discussion.

This morning, Moderna’s (MRNA) attempting a breakout. It won’t look so good if it can’t close higher for the day.

The last update showed MRNA, insiders bailing out.

SPBIO looks to be establishing or confirming a downside trend-line. More on that if/when there’s confirmation.

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.

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‘The Race’

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.

Moderna, Reversal At Hand

Insiders are bailing out. The jig is up.

Insider transaction data at this link.

MRNA has not been around long from a trading standpoint.

Long enough though, for a quick 1,000% price increase so insiders can bail with huge profits; leaving the bag to the uninformed retail ‘investor’.

SeekingAlpha:

A quick search of the proletariat at SeekingAlpha turns up several ‘analysis’ articles on MRNA.

Specific links won’t be provided.

We’re not going to provide links and justify the brainwashed, everybody’s thinking the same thing mentality that seems to permeate the site’s ‘presenters’.

Incredibly, the last three articles on MRNA do not contain a single price chart. It’s hard to say where a company is headed without consulting the truth; that is, price action.

Search MRNA if you like but be prepared to hold your nose.

To be fair, the comment section on the latest Moderna post does have a few frustrated souls attempting to get the word out.

It’s a futile effort to argue … no one can tell the difference and the sane person looks to be insane.

Spending time either creating articles for SeekingAlpha or commenting on such, is a waste. It’s a distraction (like attempting to locate the source of the ‘speck’) from the real work at hand.

However, it does provide a fantastic insight into the current group-think.

Biotech Sector:

The last update on SPBIO, had it testing and reversing at the Fibonacci 23.6%, level.

The index could continue lower without delay. Or, as is typical market behavior, it will attempt to re-establish some kind of upward move.

Updates on the sector to be forthcoming based on price action.

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

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.