AMEX:LABU   DIREXION DAILY S&P BIOTECH BULL 3X SHARES
1023 10 33
Yesterday we closed on the 50 EMA and today we opened with a gap. Gap wasn't filled.
10 and 20 EMA is crossing over, MACD just crossed over and heading to positiv territory.
RSI is overbought, but could be overbought for weeks - we had it at the decline.
Tomorrow we might have a testback of the 50 EMA . But I think we are going to break the April             highs and test the 100 EMA very soon (in a few days) .
I like the volume here much better than S&P             's volume .
We have a strong support at the trendline now as it was holding the 3rd time...
I'm holding the LABU             position. THe 50 EMA testback could be a good adding or entry point : that should hold now.
Comment: Another gap open.
And maybe another big day for LABU today...
+5%
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: Tested the 100 EMA
snapshot
Now that it tested the 100 EMA, what do you think will happen next?
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Thanks for your great analysis. I made money on Labu although I sold in this morning. Do you think when we can re-entry? do u think it will fill the last gap? Thanks.
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Sold 75% of position at $38.90... thanks Arpi..
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Price target is $41.00.. At that PT will sell 50% of position
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what company do you use for your shares?
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chartwatchers PRO chachacallis
You mean what broker I'm trading with?
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chachacallis chartwatchers
yes
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chartwatchers PRO chachacallis
I'm at SAXObank. But Interactive brokers is very good also.
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chachacallis chartwatchers
thanks
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