Gene Splicer

10/27 WAS THE SESSION I HAVE BEEN WAITING FOR AND IT CAME ON THE WRONG VOLUME. XBI CLOSED 154.84, +2.9%, AT 99% OF ITS RANGE — THE FIRST CLOSE ABOVE EMA50 153.67 SINCE 9/30, BACK OVER EMA20 151.94 AND VWAP20 151.13. MY OWN TRIGGER LAST WEEK WAS A CLOSE OVER 151.63 ON >1.0x. THE LEVEL FIRED; THE TAPE DID NOT (0.88x). BUT LOOK AT WHO DIDN'T MOVE: BIIB +0.2%, GILD +0.3%, LLY +0.2%, NBIX +0.1%, ALNY -0.4%, AMGN +0.8%. XBI IS MODIFIED EQUAL WEIGHT — +2.9% ON A DAY WHEN MY BIG CAPS WERE FLAT MEANS THE SMALL AND MID CAPS BENEATH THEM WERE UP 3-4%. THAT IS WHAT A BREADTH TURN LOOKS LIKE FROM THE INSIDE, AND IT IS THE FIRST TIME IN A MONTH THE INDEX HAS LED ITS OWN CONSTITUENTS. SO THE LADDER MOVES ONE RUNG, NOT TWO: QUARTER SIZE LONG THE SECTOR NOW; HALF ONLY ON A CLOSE OVER 155.78 (10/21 HIGH) AND THEN 159.98 (9/30 HIGH) ON >1.05x. A CLOSE BACK UNDER EMA20 151.94 AND I AM BACK TO NOTHING BUT QUARTER POPS; A CLOSE UNDER 147.63 AND I FLATTEN THE ENTIRE BOOK. NO EXCEPTIONS, NO HEROICS. THE CALENDAR STILL RUNS THE WEEK, AND THE RULE DOES NOT BEND: NO PREMIUM INTO A BINARY, NOT LONG, NOT SHORT, NOT "JUST A QUARTER." BIIB 10/28 IS THE BEST CHART IN THE BOOK — 252.73 ON 1.07x, THIRD TIGHT CLOSE UNDER THE 254.41 SIX-MONTH HIGH (250.69 / 252.26 / 252.73), ZERO OVERHEAD SUPPLY. HOLD ABOVE 254.41 AFTER THE PRINT AND I BUY THE FIRST RETEST TOWARD 265; FADE BACK UNDER 249.61 AND THE NUMBER WAS IN THE PRICE, NO TRADE; RANGE BELOW 240 AND I SHORT THE BOUNCE TOWARD EMA20 237.02 THEN EMA50 226.57. GILD 10/29 IS THE TIGHTEST COIL ON THE SHEET: FOURTH HIGHER HIGH (157.65 -> 159.69 -> 159.28) AND HIGHER CLOSE (156.04 -> 158.69 -> 159.08) PRESSED UNDER THE 160.51 CAP THAT HAS REFUSED IT ALL MONTH, WITH VOLUME FADING INTO THE NUMBER — THAT IS A COIL, NOT DISTRIBUTION. OVER 160.51 AND HOLDING, I BUY THE RETEST TOWARD 165; BACK UNDER 157.65 AND I SHORT THE BOUNCE TOWARD EMA20 153.40 THEN EMA50 148.70. ALNY 10/29 IS THE MIRROR AND I STILL WANT IT SHORT: 1.17x AND IT COULD NOT CLOSE OVER VWAP20 227.78, LET ALONE EMA20 230.57, SIXTH FAILED RALLY, STILL 5% UNDER EMA50 238.74 AND DOWN 40% ON THE YEAR. FADE RALLIES INTO 228-232, STOP ON A CLOSE OVER 232.48, TARGETS 222.00 THEN 215.46. LLY 10/29 IS THE RIGHT TREND WITH THE WRONG DATE: 1281.91, TWO TIGHT CLOSES UNDER THE 1321.21 HIGH, WELL ABOVE EMA10 1260.32. GAP AND HOLD OVER 1321.21 ON VOLUME AND I BUY THE RETEST; LOSE 1257.62 AND I STAND DOWN AND LET THE 10/23 REVERSAL BAR DO ITS WORK. REGN 10/30 IS THE QUIET ONE: 816.10 ON 1.10x, CLOSED ON ITS HIGH, ABOVE EVERY EMA I CARE ABOUT (798.84 / 788.03 / 775.74 / VWAP20 771.91) AND KNOCKING ON 825.52. OVER 825.52, LONG THE RETEST TOWARD 859.34; UNDER 796.61, FADE THE BOUNCE TOWARD EMA20 788.03. VRTX 11/2 GOT STOPPED AND I AM NOT NEGOTIATING: IT IS BACK AT THE 521.30 BOX LOW ON TOP OF THE EMA CLUSTER (516.83 / 514.61 / 512.68 / VWAP20 509.85) ON 0.81x — I RE-ENGAGE ONLY POST-PRINT: A RETEST OF 521.30 THAT HOLDS AND I TAKE IT LONG AT HALF SIZE TOWARD 537.81 THEN 560.25; LOSE 509.20 AND THE BREAKOUT WAS A BULL TRAP AND I SHORT IT. NBIX 11/2 IS SMALL BUT CLEAN: 146.00 PRESSED INTO EMA50 146.88 AND THE 146.91 20D HIGH, EMA20 142.38 IS THE FLOOR. RECLAIM 146.91 AND IT OPENS 160.43; LOSE 142.38 AND IT GOES BACK TO 132.25. AMGN COMES OFF THE SHEET — 447.95 ON 0.66x, STILL UNDER 450.98 INTO ITS 11/3 PRINT; THERE IS NO EDGE IN A DRIFT AND I HAVE SEVEN BINARIES TO SCHEDULE ALREADY. MRNA IS THE ONLY BINARY ON THE SHEET THAT ALREADY HAPPENED, AND 10/27 MUGGED MY SHORT. IT UNDERCUT 181.65 TO 179.53 AND REVERSED TO 208.87, CLOSING 207.97 AT 97% OF RANGE — +16% OFF THE LOW ON 0.87x. A LOWER LOW THAT SNAPS BACK IS A STOP-RUN, NOT A BREAKDOWN, AND I DO NOT HOLD PUTS INTO A REVERSAL BAR. SO I STAND ASIDE UNTIL ONE SIDE PROVES ITSELF: CLOSE BACK UNDER 198.85 RE-ARMS THE SHORT WITH TARGETS 179.53 THEN EMA50 175.45 AND A STOP ON A CLOSE OVER EMA10 212.93; A CLOSE OVER 212.93 ON >1.0x TURNS THE 181.65/179.53 DOUBLE TAP INTO A BASE AND I BUY THE RETEST OF 212.93 TOWARD THE 240.12-241.26 GAP, STOP UNDER 203.80. EIGHTH SIZE EITHER WAY — ATR IS 11.7% OF PRICE AND THIS NAME IS STILL 18% ABOVE ITS EMA50 AFTER A 600% YEAR. I DON'T BET THE COIN FLIP. I TRADE THE CROWD'S REACTION TO IT.