LABU - 200 EMA is support now

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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.

Comment: 200 EMA 3x support now.
Comment: One can always buy LABU at the 200 EMA.
4x support today.
Comment: Corrected:
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.
Picture to go with previous post:
bertcoin bertcoin
Ignore me here. Re-posted question on Stock Trade 2 where it belongs.
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) or the 200EMA for XBI, and why (for our learning!)? Thanks again - LABU has been my BIGGEST winner of the summer.
Arpi, could you comment LABU in this S@P 500 situation? Thank you
I already bought back in. Surprises are always to the upside. It's easier to take a DCL than to miss out on a runaway train. With these rigged markets, there is almost a 75% chance that a big move will come without notice and LABU always gaps premarket in a big move.
Thanks for the update!
Thanks for the update and explanation of your decision - helpful.
Thank you for update Arpi. I will follow you on this one. I think reentry price is XBI at around 59 but will wait for your post.
@Bearbud: "Thanks Bertcoin. Do you know why he closed the LABU trade? He originally said it was going to take off."

Nope. It did take off and made people a lot of money. I'm going to assume it is smart cycle management. Arpi keeps track of a "cycle for every vehicle," something I aspire to do. The run (up cycle) was long in the tooth just looking at a daily chart, so should correct, then continue the bull run when it's the right time. For long term investors, he got them into bio-techs at the right time.
I closed because I dont want to be in a 3x ETF when a pullback comes. You can easily give back all of your gains. It's not for long term holding.

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