AMEX:LABU   DIREXION DAILY S&P BIOTECH BULL 3X SHARES
799 22 26
9 months ago
Biotech is getting more and more bullish from day to day.
Even the S&P             was falling on Friday , LABU             closed on the daily maximum with
a nice volume .
Rsi is not overbought.
MACD couldn't cross down.
I think next week a higher high is coming.
I would like to see the 50 EMA to cross below the 20 EMA and the 10-20-50 EMA should support the price
during the rally without crossing over...

The test of the 100 EMA is coming at 47.26.

If you zoom out you can see the possibility in this vehicle...
9 months ago
Comment: I don't like LABU today.
Something is happening here. S&P in positive territory today and LABU is down heavily...
snapshot
8 months ago
Comment: This is starting look really good now.
WE just bounced from the trendline.
snapshot
8 months ago
Comment: Daily maximum close.
Sweet.
dimitriosb602
9 months ago
Should be interesting week for biotech, big earnings day on wednesday. Bullish IBB and LABU thx again chartwatchers
Reply
649bruno
9 months ago
I like your work. My view is that this is a mean-reversion trade, and the counter-trend breakout you anticipate will probably stall when it meets resistance at the down-trend line. LABU is very tough to call, but I do think the biotech's will have a run higher in the near term. On the BIB this "pop" looks to be to about $55 and on FBT about $102. Good luck on your trade. Thank you for your efforts. Don.
Reply
dimitriosb602
9 months ago
Thursday, not wednesday AMGN,CELG,GILD...announcing earnings
Reply
kizly
9 months ago
All major biotech stocks down. No real reson. No clear bull signal. I'll wait.
Reply
chartwatchers PRO kizly
9 months ago
Earnings tomorrow.. With FED. Nice pair...
Reply
kizly chartwatchers
9 months ago
Think Thursday - Celgene Corporation is expected* to report earnings on 04/28/2016 before market open.

Read more: http://www.nasdaq.com/earnings/report/celg#ixzz46wyHMlTT.

Seems everbody playing that there will be no rate hike.
Reply
CyBriz
9 months ago
maybe try check it out on VHT index
Reply
adyshul
9 months ago
some bad news in Biotech industry ... , it will recover by the end of the week
Reply
CyBriz adyshul
9 months ago
whats happening in biotech industry, mind to tell?
Reply
adyshul
9 months ago
FDA didn't approve some new drugs ... created a bit of panic in the market, at least this is what I'm thinking ... let's see what happens Thursday with the earnings announcing
Reply
dimitriosb602
9 months ago
Markets are cautious before fed meetings and earnings. Might be flat to negative till later in week
Reply
Benztownguy
8 months ago
Still holding LABU, entered on 25.04 @36.60..

I see bears volume decreasing and with the price close to the SUP@22.68 i`m expecting a bouncer back up

You mention you saw potential in it this year. It will be interesting to know how do you rate the current situation?
Reply
CyBriz
8 months ago
any update on labu?
Reply
OmerN92
8 months ago
What do you think of LABU now? I think it is in a great support zone and that from now on the direction is only up to 30.86
Reply
chartwatchers PRO OmerN92
8 months ago
I would wait now what's happening with S&P today.
If S&P breaks we will test the lows in LABU or marginally break below it...
Reply
jinyuji210
8 months ago
I entered last Friday at $23. what is the target to sell it? Thanks.
Reply
chartwatchers PRO jinyuji210
8 months ago
Did you buy at the exact bottom?!
Congratulations! You must be a tough guy!
I will post at the weekend regarding LABU.
It has minimum 4 maybe 8 weeks to run.
Even 60$ is not out of the table. Sit tight , don't loose the position.
Reply
jinyuji210 chartwatchers
8 months ago
All thanks to your analysis. I will hold it. However, I didn't buy some oil related stocks at the right time. such as DRYS, SXE, CLF. I have some lost but I still hold it. Could you also update DRYS? It looks weird. Thanks.
Reply
chartwatchers PRO jinyuji210
8 months ago
Yes I plan to the those also at the weekend.
Reply
chartwatchers PRO chartwatchers
8 months ago
Yes I plan to do those also at the weekend.
Reply
jinyuji210 chartwatchers
8 months ago
Cheers. Have a nice weekend.
Reply
xmrider
8 months ago
I just bought a bunch of this today, hoping to catch the upward movement. I also followed your OIL and especially the Gold ideas.

Thanks Chartwatchers, your analysis are amazing! You should start your own site that is subscription based, I would be loved to be one of your first clients!

XM.


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