LABU - 200 EMA is support now
Last week we haven't just broken the 200 EMA in XBI but we were able to hold the gains.
This is really going to fasten up now. The 200 EMA is a support now and at the time S&P is printing some kind of pullback in the future - maybe after FED's rate hike next Wednesday - XBI will just test back the 200 EMA.
In the next 2 weeks I will be adding to my stock trade positions if we test back the 200 EMA. I think a new bull market is starting here which will run for years with terrible gains.
Gaps will be filled during the run just 2 days ago. These filled gaps are points to add to one's positions.
I will be charting XBI as LABU is a 3x ETF and not good for charting but most of the time I will be trading LABU.
These are just great times. People will talk about the 2016-2019 bull markets even in 2040.
Don't ruin it. Ride it.
This is really going to fasten up now. The 200 EMA is a support now and at the time S&P is printing some kind of pullback in the future - maybe after FED's rate hike next Wednesday - XBI will just test back the 200 EMA.
In the next 2 weeks I will be adding to my stock trade positions if we test back the 200 EMA. I think a new bull market is starting here which will run for years with terrible gains.
Gaps will be filled during the run just 2 days ago. These filled gaps are points to add to one's positions.
I will be charting XBI as LABU is a 3x ETF and not good for charting but most of the time I will be trading LABU.
These are just great times. People will talk about the 2016-2019 bull markets even in 2040.
Don't ruin it. Ride it.
Comment:
200 EMA 3x support now.
Comment:
One can always buy LABU at the 200 EMA.
4x support today.
4x support today.
Comment:
Corrected:
100 EMA at LABU, 200 EMA at XBI is the support
100 EMA at LABU, 200 EMA at XBI is the support
Trade closed manually
Comment:
Few ppl asked why did I closed and when will I enter the LABU trade.
You can't sit in a 3x ETF for months. You have to catch the market pulse : buy the bottom and sell the top.
This is exactly what we did. We exited near the top at 44.75. ( You can check the real time trade at the STOCK TRADE 1 post) And now we are waiting for our entry point . I didn't want to let my money sit in the consolidation for weeks. I want my money to work in successful trades.
So the LABU buy is coming soon. My finger on the launch button of STOCK TRADE 2.
But not today.
You can't sit in a 3x ETF for months. You have to catch the market pulse : buy the bottom and sell the top.
This is exactly what we did. We exited near the top at 44.75. ( You can check the real time trade at the STOCK TRADE 1 post) And now we are waiting for our entry point . I didn't want to let my money sit in the consolidation for weeks. I want my money to work in successful trades.
So the LABU buy is coming soon. My finger on the launch button of STOCK TRADE 2.
But not today.