AMEX:LABU   DIREXION DAILY S&P BIOTECH BULL 3X SHARES
3237 82 42
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.

Stock trade 1 ended with 6019,75 $ profit. Total capital is 16019,75$.

I moved the following positions from stock trade 1:
100 LABU             entry price: 41.11$
100 LABU             entry price: 41.79$


Comment: Buying 100 LABU at 44$ today before the close
Total position 300 LABU
Comment: Buying 50 LABU at 44.90 as we closed the gap.
Comment: How interesting Clinton was talking about Mylan Pharm. just before LABU breakout....
Comment: Still holding LABU. I will update just going through the news.
Comment: Holding the position.
Comment: The S&P couldn't even test back the breakout level.
At the end of the day the "Unlimited buyer" enters and pulls back the price. While S&P is running I'm not afraid that LABU will fall too much.
The election war will end soon so whatever Clinton is saying sooner or later LABU will break out.
It will be so powerful that a retail trader like us will not be able to enter after this breakout. We have to be in by that time. I was playing in-out in the last few months but now we broke out of the consolidation. I don't want to wake up for a news that XYZ Biotech company has found the cure for cancer . How will you enter if LABU opens at 70$ one day?
And even Clinton is punishing BIO, she also said this is the future. There is the innovation.
So if S&P rallies LABU will not just follow it will pull up ths stock market in 2017.
Hello Arpi,

Any updates on LABU it has been a long time.

Thanks,
Bear
Reply
Should have posted my question on this idea:

Arpi - While you're watching your Oil go to light speed - I've done a reasonably good job of selling off some LABU on the highs and picking it up on the cycle lows. Learned from your comments! My quick question here is on this latest cycle, do you think we are we going to hold the DCL trend line (red dots) or the 200EMA for XBI (red EMA), and why (for our learning!)? Thanks again - LABU has been my BIGGEST winner of the summer.

snapshot
+1 Reply
toothless bertcoin
great question
Reply
Hello Arpi,

Can you update us on LABU? Is it time to take some profit and buy on a pull back or should we just keep riding high?

Thanks!!!
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will we test back the 46$ level before we resume the to go up again?
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44$ was resistance since 24.8 . we took it now .. I hope we are heading higher ,any thoughts?
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jolu jolu
we are back under 44, some retailers take profit I assume base on the tiny volume..
Is there any one who is a day trader on LABU ?
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Today in XBI is one of the best examples of a daily bullish engulfing pattern I think I've ever seen....
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IN THE PREMARKET WE ARE BACK DOWN. ANY ONE KNOWS WHY ? THE DAILY CHART SHOWS WE HAVE MORE ROOM TO GO UP, MACD RSI AND STOCHASTIC.. I THOUGHT WE ARE GOING TO TEST BACK THE PREVIOUS TWICE TOUCHED HIGHS AT 47$ AND HOPEFULLY BREAK IT..
IS THERE ANY NEWS THAT CAUSED THIS DOWN ?

WHERE COULD WE HAVE INSTANT INFORMATION CONCERNING THIS ETF ?
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Strong dollar and Fed presidents big mouths.
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