AMEX:LABU   DIREXION DAILY S&P BIOTECH BULL 3X SHARES
4452 100 72
I'm going to post an Energy / Stock / Metal Trade for the followers to trade.
I will post the update in the "update status" section of the portfolio post.
Starting capital is 10.000 $ in each portfolio. When I close the actual trade I will move the whole amount to the next trade - in this case it will be Stock trade 2.

This is the last portfolio I'm launching. But I think this will make a monster rally in the following few months.
LABU             - Direxion Daily S&P             Biotech Bull 3X Shares

Buying 100 LABU             in the open
Price: 27,20
Margin impact : 2888 $ (28,8%)

Most of the S&P             components will be testing the prevoius highs this week or the next. Biotech was forgotten somehow.
Actually not everybody forgot it because smartmoney was building position in this rounded base in the last weeks.
Yesterday we had a record volume . Something is happening in this sector...
Comment: We confirmed the big volume breakout on Friday.
The stock trade is in + 3% now.

Biotech - The next big thing
Comment: Breakout is holing in LABU.
The portfoilio is in 8,5% now.
I'm going to add at the next pullback if there will be any...
Comment: Buying 100 LABU at 33.48.
Comment: I think the pullback is done.
Buying 50 LABU at 30.30.
Comment: We are testing back the trendline.
This trade is still active I'm waiting for the breakout.
As soon as stocks bottom - I hope that tomorrow - LABU will rally as well.
snapshot
Comment: Very high volume today while price is not moving too much.
Someone is accumulating...
Soon we will be ready to run here.
Comment: Selling half of the LABU position as we almost tagged the 100 EMA at 39.50.
I feel the NFP data will be week and we will open a GAP down. If not I will be riding the trend with the rest of the position

Sell 125 LABU at 39.50$
Comment: I will be watching LABU open today. I might reopen the closed
125 LABU position at US market open today.
Comment: Buying 125 LABU at 28.85
Comment: As we are turning into the right direction and I'm waiting for a 20$ rally I will add to the position.
This is the day when we have to enter.
Buying 100 LABU at 29.49$.
Comment: Total position 350 LABU
Comment: We entered a bit early. It seems it wants to tag the trendline at 25$.
I will be adding on my personal account at 25$. Here we are at 100%.
snapshot
Comment: That's why I wanted to get in early. I had a feeling that they will not give a trendline touch again.
That would heve been to easy...
Comment: Selling 100 LABU at 35.40$ at the open.
Total position: 250 LABU
Comment: Buying back the 100 LABU at 32.35
Should have sold more....
Comment: If we drop tomorrow I will continue adding.
Comment: Selling 150 LABU in the breakout before market close.
Comment: Selling all LABU position at 44.75
Comment: I'M afraid that smartmoney is selling into this breakout and this will be the daily cycle top.
While S&P is running to new highs LABU couldn't make new high.
Big gains on this trade time to lock it in.
We will enter later again.
Comment: Never say never. Someone doesn't want the stocks to fall this year.
It seems the correction might be over.
So I'm starting load the trucks by LABU. Will start the stock trade 2.
But I want those people who want to enter now.
I'M planning to buy 300 LABU.
So today I will buy the 33% of the planned position : 100 LABU
Comment: BUYING 100 LABU at 41.11
Comment: Buying 100 labu at the close
Sir, I'm in LABU at 32.10, THANK YOU! My VectorVest chart has resistance currently at 36.30... do you recommend a sell stop target based on a potential pull back? I realize it could be another buying opportunity, but I have to learn how to stop being greedy. Thanks for your help. Sorry if this is a horrible question!
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Happy to hear that someone entered LABU. Just a very few people read this post.
It has 1-1,5 months to run. Dont touch just add. I will post when I'm adding...
If you sell you might not be able to enter again because price is running away...
+1 Reply
tcp007 chartwatchers
I'm grateful for your efforts to share with us. Thank you very much.
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webmiztriz PRO chartwatchers
awesome.. i trade this etf as well.. so thanks VERY much for your analysis sweet arpi ;o)
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I think LABU is for short time traders. If you looking for long term trade it would not be suitable for you. I am also watching LABU. I will take that trade whenever I see its daily RSI and MACD crosses the bottom line. I am watching it on daily range. My target is to make ($4 to $5) profit.
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What's up with LABU today? I don't have a sell stop in place...
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Just a little pullback to the 50 EMA.
I will add to the position
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LABU has at least 1 month to run.
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tcp007 chartwatchers
I bailed out this morning. Perhaps another entry in near future.
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Thanks for the stock trade..
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if LABU and Oli recover tomorrow i'll be blessing your weekend :-)
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if the chances for a rally are high, then one could add 50% to the position. .
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What if we test the lows?
Can you hold the position?
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Benztownguy chartwatchers
good point ;-)
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Thanks for the update regarding your LABU position. I only recently came across your posts and appreciate them very much.
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Thanks for update Sir,

I just followed your lead. Bought 100 for 29.50.
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Bought 277 LABU at $28.95. You analysis is always appreciated Arpi.
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I have to tell you guys this...
Retail Brokage firm trade against your position. They believe 90-90-90 rules. and Given margin, lending you guys more money for financing. OTC gain from opposite, Spread is there business.

If the brokeage firm teach you how to trade by showing how to click sell or buy button and rely on tecnicals and generate ideas with few news. It is absolutely way to go down.
That is such a huge difference btw retail and professional in pension, hedge fund and prop trading firms.

Technicals do not generate Ideas. It is helpful but that is why 90-90-90.

For FX market: 80% Fundamentals and 20% technicals
you will see soon enough and these smart big guys are dealing with Investment banks.

In retail trader perspective, the most biggest enemy is not the major bank and HF, it is a RETAIL BROKAGE FIRM who has a huge conflict interest against us.
Their business made like that. Hence, they have to marketing more than 50% of reveneue, because of 90 90 90 rules. Retailers are wiped out.

My point is to be a smart money, not a dumb money.
Teach your self more fundamentals. not rely everything on technicals, being lazy if you want to keep your margin and be consistent profitable.

Dont make your self fool by the surrounding noise in ratiail side especially brokage. They are the evil not the banks.
(Excatly same analogy: during the gold rush in california, the people who made the most money is the retail gean sellers. Not the miners!
+1 Reply
I think LABU will have few more days down. The price has to touch BB which is still few days away , I am shorting LABU from 39, and targeting 26-27, before reverse the positions. I posted LABU 2 weeks ago.

LABU, Short
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And how I can trade similar bio tech etf/stocks ? I don't have LABU :(
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chartwatchers PRO ja.piotr.bor
Try IBB or XBI. These are not 3x ETF, just ETF .Less risky.
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G'day, Arpi. Did you set a SL or are you perhaps adding more with this dip? Thank you!!!
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I'M in full position. Stocks will rally till August. We just have to wait for the Brexit to finish.
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austinchan chartwatchers
why do you say August? and LABU below 27.. :(
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tcp007 chartwatchers
Is it a mistake to think we can get LABU at cheaper prices through Thursday?
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You never know when they start to buy the stocks.
Gold had started to price the BrexIN.
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tcp007 chartwatchers
Understood. Thanks again for sharing.
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do you have a stoploss for your position?
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Got in with 225 @29.29. I guess we entered too early.
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XBI touched 100 sma today, Im long with you
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How about the declining wedge forming on the 4 hour chart (bottom trend line starting 6/14)? Seems to have a hard time breaking below it enough to reach the Fib .786 around 26.05 and your trend line around 25. I'll try to add at those points.
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Any real reason why a monster rally is coming??
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How much would you have paid for a pocket computer which has internet , you can use it for a phone, there are internet based text messages like WhatsUp, there is a camera inside etc?
A lot. Today you can buy a good Iphone for 1000$.

How much would you pay to live 10 years longer?
I answer instead of You:
Everything.
That is Biotech.
In the following 5 years this will be the leading sector. We will have next to the Dow, Nasdaq and SPX a BIO index soon.
This is THE FUTURE.
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XTAL.ball chartwatchers
Ummmm... ok? So why don't you put in more than $10k?
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bertcoin PRO XTAL.ball
Ummmmm.....% of total portfolio... pigs get fat while hogs get slaughtered. He does the $10k on a bunch of different things. Those probable reasons and he's giving a wonderful tutorial for the rest of us to learn on in bite sized chunks....
+1 Reply
XTAL.ball bertcoin
Ummmmmmmmmmmmmmmmmm thx BERT
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webmiztriz PRO chartwatchers
... wow .... passionate argument ;)
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Thanks for the update. Will follow!
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Great Work! Learning something new everyday. Thanks!
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I'm in thanks Arpi
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Awesome call Arpi
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The 6th feeling of Arpi. LOL
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Nice spike, if that is the trend reversal we just need to see, look at the last dip in the channel, had a deeper one right after. Personally I will keep a close eye on it now. Thx for tip around LABU
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I think they might wanting a trend line test, however, with brexit ahead, and clearly the result is to stay in Europe. The buy power is huge.
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Keep in mind that LABU is a derivative of XBI, meaning it follows XBI not the other way around. XBI tagged the bullish trendline twice over the last few days as well as the 100DMA; that's your 'buy signal' confirmed folks! Ps: IBB also tagged trendline support which should also bolster confidence across the sector.
+1 Reply
Nightstar Nightstar
XBI Chart!

snapshot
+2 Reply
aksjetom PRO Nightstar
thx for sharing
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Nightstar aksjetom
My pleasure..!
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I have three buy trades for this rally. June 20, 65 shares at 29.63(follow Arpi's post), June 21, 250 shares at 28.39(big buy opportunity for me), June 22, 100 shares at 29.26(not a lot taking profit at daily spike at 5 min chart). I think it is not perfect, in the morning when i see the price at 26, I do expect it goes down to 25!!! Hard to tell!!!
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xukaitan888 xukaitan888
Is this a fake pull? I think the next time to load time, I will wait till 25 lol
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aksjetom PRO xukaitan888
Still no confirmation in my signals
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Many people, many opinions :)
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There is still a chance to get in before the train leaves the station!
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aksjetom PRO traderzaius
entered, with the double pin on 26.6, big spik (institution buy), retrace on spike and what looks like new upwards movment. All this plus the curved bottom formation. ..In at 28,15
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I bought 500 shares yesterday at 27.10, sold today at 29.5. Re-bought same amount at 29.10, but under water now. Do you have a specific stop loss in place? Below $25?
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Saw this post today morning and got in LABU $26.75. Sold at $29.00 thanks ARPI!!
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Got out 1/2 with you at 35.40. Will re-enter near the close or tomorrow as well. Made good money on LABU so far. Thank you for this idea! I still have $44.42 and $50.53 (Fibs 1.3 and 1.6)) as the targets. Considerable resistance at 37.83 and 39.89 and a gap to 56.12. I am a little worried that the recent low broke below the previous as opposed to the trend line so I'll keep listening to how you see this progressing once it breaks the previous high of 37.83.
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Me too. At $32.40, so picked up $3 from this morning on your advice. Thanks! Nice way to add 9%!
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That's the way love goes!
Buy low sell high !
+1 Reply
closed to be sure
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Someone big was trying to cover their shorts today. Expecting a bonanza blow out to close the week.
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Yesterday, all guests on CNBC were pumping bio/healthcare sector. Always, I see following day dump after their pump of the day. Tomorrow could be back to green. In full size at 32.2. We're still above daily 20 EMA (31.02), maybe we'll tag it. If we do break through/close below, will stop out. That's my plan at least :)
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anyway whatever happens, wish u all profitable trade
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dmz aksjetom
Closed half position today at 32.30. Will keep the rest, but want to be little more conservative.
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The chart looks ominous.
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Just wanted to share what I see..
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Just taking some chips off the table, or expecting another short term pull back like 14 days ago?
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I Sell half position. Thanks Sir~ Do you sell all LABU? can we keep buying on dip? or should sell on top?
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I had 350 shares. Just sold 150.
S&P down -0.25% LABU up 10%. Need to close some gains on the way up.
+4 Reply
toothless chartwatchers
Thanks Arpi! Followed your lead, and looking to add again on a dip.
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bertcoin PRO chartwatchers
I'll call that "taking some chips off the table" - very wise. Thanks for the info!
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Thanks for the note about taking some profit 'on the way up'. I will follow suite with a portion of LABU.

Do you expect a little dip down before we go up more or will we continue straight up ?

Foolishly bought some LABD Tuesday morning at $26.10 and stupidly did not get out Tuesday at the close (even) .
Trying to decide to hold tight or dump with loss....
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XBI broke 61. New support perhaps.
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crawling on 100EMA for a few days then jump 9% with bigger volume. Taking profits is always a wise choice but I think we are way early to do that.
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Taking profit on a partial position only.
+1 Reply
xukaitan888 chartwatchers
I see that. BTW, I like your post. LOL. What is your idea about gold now? I have built long position for gold minutes after FOMC meeting.
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Buying gold in the Asian pullback tonight
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xukaitan888 chartwatchers
sold my 160 LABU shares in the morning for 1% more. Just keep more money for gold.
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toothless chartwatchers
Good morning! Wait...do you even sleep? haha. Do you still plan to buy LABU on the dips, thinking we will continue onward and upwards as your previous LABU posts? Or will watch and see if we've hit the high? Thanks!
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I think biotech is ready to correct along with stocks. I would like to add to my position in this correction. I guess that would be 200ema in xbi a good place to add.
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Sir, I wanted to ask you why, for the main picture at the start of this thread, you didn't post the S&P Biotech Index SSPB? The highly leveraged 3x etfs like LABU and LABD, decay over time due to daily rebalancing. Over very short periods LABU and LSABD are fine for technical analysis. Wouldn't SSPB be better for longer term technical analysis? Its seems to me, that for longer term positions, all 3x etfs like these should be shorted. In all due respect, Frank.
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Hi Arpi,

Are you going to re-enter at 200EMA? Or you calling end of this bull? Thanks!
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chartwatchers PRO pbartashevich
Going to reenter again.
+1 Reply
pbartashevich PRO chartwatchers
I will reenter with you then. Thanks!
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toothless chartwatchers
Thank you SO MUCH for this trade, would have never known about it had you not posted for us. Profited 65% following your lead. Mahalos!
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Whhy selling all?S&P going to correct itself?
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Good morning! Unexpected move to me to sell whole position. Original targets were in the 40's so looks like discipline in play here. I'm still long term bull on this one, so I've followed suit and sold 2/3rd of my position and we'll see how the retracement runs. A profit I never would have seen if not for Arpi. Thank you! Watching the 100EMA on LABU....
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Thanks alot for introducing me to this trade, 80% on 640labu, thanks!
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Fib retracement .382 lines up nicely with XBI 100EMA and LABU 200EMA for a re-entry point....?
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With S&P cautions today and sideways movement of LABU, sold remainder of LABU as well. Will wait for the EMA re-entry point(s).
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Thank you! Will follow and reenter again.
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Good move
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Jump in the boat of LABU as well. Thanks for the update.
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great!
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What do you think Arpi? I'm staring at a big fat triangle which I think is ready to burst..!
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Thanks for the updates! Looked in in AH too. Thanks man!
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