Brilacidin has not declared its place in the Covid battle !!

Its shown to drop viral load by 97% in human lung tissues only after PRETREATment for 1 hour

From an epidemiology standpoint, one would have to know if they were infected or exposed (PUI = person under investigation) to a high risk source for it to work effectively.

The PUI would then need to be given an iv dose of Brilacidin at least for 2 week intervals since it is known that one iv dose has a duration of action of one week.

Its not yet been determined whether B would be useful in patients already infected with multi system involvement. If it works in that fashion it would be a game changer and could replace remdesivir

SO, assuming FDA approves a vaccine with a very low threshold of effectiveness many people will still get Covid and many more would end up hospitalized

Yes NN your chart looks promising
I would add a small dip for first week of August to SPY 298, then off to the moon

the indicators We follow for SPY show after yesterday its at the highest OVERBOUGHT level in the last 10 years, its almost tied for the most overbought since SPY was created

The FED and other Central Banks keep the pump going so be careful

TA is utterly useless at this point from a trading perceptive

So follow the trend and the FED as we wait for July 27th short term top !!

SPY 330 Calls for July 24 look inviting

318 incoming
bulls exhausted and need some sleep

some reality checks starting, like WTF

Moderna already turning down
will exits puts soon

This is going to be added to Nasdax 100 index so except some serious buying soon

insiders know the vaccine is not going to be successful
Good friend of mine is a major research guru at a regional BRI at Rutgers and specializes in infectious diseases and vaccines

Best effort will be 30%

Moderna and Novavax will fail final test

Correction is imminent

just moved 100 K into this trading account to short SPY

looking at 7/17 317 puts and MRNA 77 puts

wish me luck on this suicide mission

going to go short big time at 324 to 325
indicators EXTREME Overbought

needs to cool off, fade into the close

looking for 318 by 4:15

Moderna news was Ok but trial was only 45 patients and questionable dosing manipulation

just my humble opinion

Dumb luck finally found me on a lotto Put plays SPY and GDX

bought a load of SPY 7/13 318 puts for .25 at 11:30 before lunch and sold at the close for 2.71
almost forgot to sell got at text at 3:45from Fidelity saying I needed to have 123,000 into that account !!

what a landslide
!!

put
one quarter of profits into to FNGD and FAZ for fun

Thats why GOLD is heading for 2000
It has broken out of a bullish Flag pattern and
its wave count 1 up of C up

The FED keeps pumping money into the markets mostly Techs

the tides don't rise forever and eventually fall

Until further notice just playing GLD GDX DUST and out of the money late september puts since chaos will rein when colleges and schools won't reopen like usual

teachers students parents and all ancillary personal will be nuts by then, many unemployed and broke as the Covid relief funding dries up.

Mix that together with Joe Biden surging in the polls with a hard on for WALL STREET and that spells volatility

profit taking into the close, looking for 314.65 close

selling to start at 1430

low volume today so FED is playing the players

how many attempts at 316 today ?

its like a wall of resistance

how often does your chart refresh ?

Is it real time all the time, thanks

TechniTrend are you saying its time to open shorts ?
sure looks like it

rest ripe are you still holding those SPY 312P for 7/10?
hopefully they will pay today
hold into close as OEX day as long as it keeps falling.
FED needs to let some air out of the balloon since RSI is way overbough

blue chips flashed a sell yesterday and techs went from buy to neutral

Like I believed all along Remdesivir is a dangerous drug and especially in those with compromised vascular circulation :

https://www.medscape.com/viewarticle/933529?src=mkm_covid_update_200708_mscpedit_&uac=366443BV&impID=2451957&faf=1

Hepatotoxicity

Those Friday 312 puts may pay off well so I joined you on those
Also have some 308 puts

You are correct
the vaccines come at a time of low risk aversion, this comes from cutting corners and ignoring sound scientific paradigms, a recipe for failure.

Novavax got 1.6 billion dollars yesterday from the US and another 380 million from a European fund to develop a vaccine that will be 30 to 40 % effective.

Odds of getting virus are 50/50

SPY is running on hope and next week it will be interesting to see how the media spins horrible earnings,
PE's will be sky high

Short-term, Blue Chip stocks are finishing wave 2-up, and are close to completing that corrective rally.

Once wave 2-up completes, a powerful wave 3-down plunge will follow.

This is all the start of a powerful Cycle degree wave C-down which started June 8th.

The Industrials and S&P 500 may have completed wave 2 and are about to start 3-down.

The wave mapping we showt do have the look of a completed a-b-c counter-trend rise for 2-up that is finished.

FED money still a factor delaying the inevitable drop, plus another Stimulus from the Government coming before end of July could delay this drop, for a short while.

Just like in early March the market ignored the damage and devastation being done to humanity in Europe, SPY has been turning a blind eye towards the devastation in the USA SouthWest Texas Florida.

But there is coming a deadly second wave that will worse then the first round.

Still no viable vaccine even with the FDA dropping the bar to 50% efficacy from Operation Warp Speed

Still no effective antiviral or antiretroviral from any of our European or Asian partners

SPY will be given a wake up call starting next tuesday with bank earnings !!

Yes Wave C DOWN started June 8th so players plan accordingly and use NET's forecast

tomorrow or thursday would good time to do a reverse ghetto spread

Net your weekly closing chart is spot on but your yellow lower line should retrace 100 % of the original drop so it should go down to at least 220 !

Otherwise looks great, the Bradley turn for August 2oth could be a bottom

Sorry, dizzy from working 24 shift
Overbought, no, extreme overbought the kind you see at tops

yes this is Wave C primary count with 5 subwaves

1 down was to June 12th lows
2 up. finished at 317.54 today Tuesday

3. down started today at 14;00 NY time heading for 298/300 first then down to correct 100% of the primary B wave up from March lows but not until a small wave 4 does some upwards

the 5th wave of C down will apply the hurt

this is just my opinion from analysis

Something bad is afoot and gold is breaking out from a pennant formation of a bull flag and looking for 2000

todays drop relieved some of the oversold conditions for now.

remember this post from last week ?

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156683459

Basically Brilacidin will be used in active infections in hospitalized patients as a cocktail with antivirals of at least two classes : antiretrovirals and CCS5 inhibitors blocking every pathway for entry into uninfected host tissues.

If IPIX can come up with an oral or nasal formulation it would make it even more marketable.

We know its safe and well tolerated , now its in the hands of the BRL people.

and $6 million can fund the BOM trials

This is a major milestone for IPIX

The news is out that Brilacidin’s Selectivity Index—a ratio determined from in vitro data that compares a drug’s cytotoxicity and antiviral activity.
The higher the SI ratio, the more effective and safe a drug has the potential to be in the clinic.
Leo already knows that data set

So all those remaining warrants have been exercised and he has 6 million

Now IPIX will rocket uo

Big banks report 2nd quarter earnings next tuesday.

How can SPY avoid a blow ?

Maybe best to sell the high on Friday

DOW i found this interesting :

On both an average year and election year, SPY has dipped in the later half of July after OPEX.

Be on the lookout for that as well.

Maybe that time frame fits with the Hurst trough

looking for SPY to visit 309 before the bulls run this too ATH as the wave count has changed with the formation of this expanded flat now that 317 target has erased the primary count

New lesson learned
On option expiration day let calls ride into and ten minutes after the close at 4 pm when the market is bullish
Sold 316 calls at .75 from .45 but the SPY 316 kept ridding higher and .65 was left to the boyz on 50 contracts!!!
Live learn and share the experiences

that's a great straddle and excellent way to play both sides, risky but high reward
Thanks for sharing

what is your protection those 310 puts?

what indicators and time frame do you use?
SPY making some adjustments and looking to go back upwards

Net thanks for the simple explanation
You are truly a wealth of knowledge.
By the way I took your advice and picked up those 7/6 calls early
already up nicely

can you kindly explain your vix 28/60 ratio that you use to calculate the weekly range.
I know you use this parameter often in your calculations.

I don't know what indicators you are using but short term this a bullish set up

play them both and cover both bases.
I have SPY 313 puts for 7/8 and 303 for 7/13
also 313 and 315 calls for 7/6 and 7/8
ratio 2:1 puts over calls

investors are bracing for the worst earnings season since 2009

don't let the island reversal fool you

SPY heading for that target

if SPY 320 is broken to the upside our alternative wave count allows it to extend about 3% higher but no more.

B waves are complex and can consume time as larger degree wave C forms

the ultimate target is way below where SPY sits now
best place to short is around 318 to 322 for later this summer

2 companies with promising therapeutics

IPIX with a broad spectrum antiviral lower COVID load by 97% in lung tissue (excellent prospect)

CYDY has CCD5 antagonist that blocks cytochemic receptors on the host cells

both have very strong science behind them, first one has been in over 8 human trials with no severe adverse affects and met all endpoints 8 times.

Vaccines won't work

SPY could breakout if one or both of these agents were successful

C wave is lingering in the background assuming COVID is not stoppable

The world already has Maraviroc from Pfizer and it can be used orally.

I encourage all to read carefully this article :

https://media.nature.com/original/magazine-assets/d41573-020-00016-0/d41573-020-00016-0.pdf


Clinical trials (for example, ChiCTR2000029539) have been initiated to test HIV protease inhibitors such as lopinavir and ritonavir in patients infected with 2019-nCoV. Lopinavir and ritonavir were initially hypothesized to inhi- bit the 3-chymotrypsin-like protease of SARS and MERS, and appeared to be associated with improved clinical out- comes of patients with SARS in a non-randomized open- label trial2. However, it is debatable whether HIV protease inhibitors could effectively inhibit the 3-chymotrypsin-like and papain-like proteases of 2019-nCoV.

Its safe and well absorbed and is the go to CCR5 drug for HIV

Once again CYDY is too little too late.