oversold Long

Direxion Daily S&P Biotech Bear 3X SharesArca

Description

⋅ Apr 8, 2017 9:47 PM

Oversold and crawled, ready to move on until 04-11-2017. Then swtich to LABU since the market is ready to make new highs on April.

Trade closed manually

⋅ Apr 12, 2017 11:36 AM

Comments

mych36

⋅ Apr 9, 2017 7:01 AM

Are you not concerned by the downwards momentum in the macd for this chart?

showerreport

⋅ Apr 9, 2017 11:23 AM

@mych36, nope since they tend to reverse. We will have jittery on france's elections but thats all.

mych36

⋅ Apr 9, 2017 11:23 PM

@showerreport, yea it does seem to be in a solid uptrend right. I'll be looking to open up a position tomorrow morning as long as it doesn't gap up

mych36

⋅ Apr 9, 2017 11:23 PM

@mych36, actually it could be a red flag if it doesn't gap up to the 11.7 level again lol

showerreport

⋅ Apr 13, 2017 12:31 AM

@mych36, sure?

mych36

⋅ Apr 13, 2017 4:12 AM

@showerreport, I just put on a long position before the market close, target is like 11.90 with a stop of 10.9

showerreport

⋅ Apr 13, 2017 2:51 PM

@mych36, long LABU since 04-12. Now The market has to top on April. It will go higher since Mr. Markets wants good news by April 28th -1Q GDP-.

mych36

⋅ Apr 14, 2017 3:06 AM

@showerreport, Sorry I don't understand. After today, I think the recent uptrend for labd is at an end.

showerreport

⋅ Apr 14, 2017 2:55 PM

@mych36, My idea said that Monday and Tuesday were good for labd and then switch to labu on wednesday - which actually you could taht movement at the end of Tuesday's session.