Direxion Daily S&P Biotech Bear 3X Shares (LABD)

[THREE-DAY-TRADER]

It has been a nice trading range, but at this point it is especially risky to be long LABD as it may be at entering a tipping point.
Today the Market behaving positively in response to Friday sell off, etc, so market (with XBI) could easily break out higher and push LABD much lower.
Be mindful of that as you play it.
If you get lucky and it continues to pop from 19-20 for quick flips, then take your profits with vigilance. However, be mindful (with a stop-loss application) that it could sink to a new level at anytime at around this juncture phase.