ProShares Ultra Nasdaq Biotechnology seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Nasdaq Biotechnology Index®.
$IWM RTY would be in trouble below 2100 This week is a good week to play short if the momentum on the small cap index sells to the downside.
IFFFFF the $1.98 - $2.00 support line holds and buying pressure increases, I expect to see a pretty big upward price movement for the day. Remember folks, just ideas!
Looks sort of like a drunken cup with handle. Could use the current short tern uptrend line or recent weekly low as a stop. Process your way. Feedback appreciated.
BIB was the 'leader' letting us know the breakouts were coming #buythesalsa
Textbook chart of an ending bottom and new uptrend starting. I don't want to miss out on this one, this could easily become the trade of the year. The breakout is now confirmed, but i want to wait for a nice correction before entering. S&P Biotech: Blessings to you all.
Lett's keep out eyes on this one. She's looking frosty!
XBI, LABU, BIB should slide to the bottom of the channel until End-July. See high moving-average divergence, reconvergence and channel pattern. Short unless something changes.
The stock market was hit hard on the BREXIT vote. I believe LABU has now found a bottom. The LABU ETF shows a trend line break and a double bottom. The double bottom seems to be holding. Set your stops there. %R is over sold and recovering. Last time we saw this we had a run to the upper trend line. A similar move this time will bring us to $42. A very nice return...
Has been supported by markets but not for long. check out 200 day ma..
XBI below every major MA except 100 SMA and this lies on an important point in the Kumo. IMO if this breaks and sell off starts, it could impact the entire market.
Big short potential if IBB doesn't break back into the wedge tomorrow (2/11). Ill be looking to add more LABD by the end of the week if we don't see a bounce. This could be a big one!
IDRA Pharma with a deeply oversold RSI and a tag of the lower trend line, IDRA looks like a buy.
about to break much higher 30m:
Flagging right now, could break out any time. 0.7 is also a possible target, but could be rather risky.