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

[No-Quarter]

I got in @ $3.37 just before the close.

Below is the type of chart I use. Seeing 3 white Renko box's this afternoon was my signal to get in. It was actually 4 at one point (and the CCI and Slope were both at 0.0), but only showed 3 (and lower CCI and slope) when I took this screen shot. If today is a 'head fake' similar to June 16th, I will sell (for a slight loss) and wait for another entry point to appear. If today is the bottom, I will stay in for the ride up (until 2 red Renko box's appear).

If you want to learn more about the combination of Renko box's and an Ichimoku chart I use in the chart below, click on the swing trading video link in my signature at the very bottom. GLTY

[birdys3333]

Great way to buy right now, is always put a buy in for that all time low, tomorrow will do the same, everyday, buy the all time low,

[No-Quarter]

Price does appear to be turning up today.

It might be a bit premature, but I will go buy some before the close in 15 min.

Time to get busy.

[birdys3333]

Got my shares today, should have waited, till end of day,

[birdys3333]

Lol,,,I thought labd was on it too after your post, yea no worries, at least labd will continue to trade, lesson to be learned, not to over load anyone one holding, as the basket may break at any time,,,or at least come unraveled, so do you know how this plays out, if they delist the stock, where does the money go? Do you get a crash out? Going to be going to school I see, lots to learn here, yep eee!

[birdys3333]

On a bike ride, just read it, this is why I load slowly, its all ok, its my big wave, tvix, I wiped out on, well depends, if I get out at 140, break even, lol

[No-Quarter]

If you have not seen this yet, sorry to be the bringer of bad news. Came out this morning.

https://www.prnewswire.com/news-releases/credit-suisse-ag-announces-its-intent-to-delist-and-suspend-further-issuances-of-its-velocityshares-etns-301080971.html

I have played UGAZ/DGAZ often.

[birdys3333]

Smart, bought more today, actually buying all time lows, I can never pass them up, and do believe if you like catching the dropping knife, a,very good technique, caught ugaz started at 10, and caught it in the mid 9s,

[No-Quarter]

Same here, but under $3.50...

(sorry for the PM, unintentional)

[birdys3333]

Ok, first bird to land here, starting nests anything under 4$,

[fitzwell11]

I get BIB is riding Covid treatment mono but AtH in this environment? Just shocking to me

[mannken]

better early than too late

I missed the trade distracted with others, will position once labd EMAs start to flatten

algos tapped the top weekly BB

[fitzwell11]

Thank you, I was early on my add yesterday as you mentioned

[mannken]

good trade on the top BB over extension

[fitzwell11]

Added more today. BIB completely outside of the Upper BB on the daily

[mannken]

Careful

BIB 5 handles above 5 EMA on record volume 5/11/20
BIB Fast Sto daily 96.94, Fast Sto weekly 99.57 5/11/20
BIB RSI daily 68.71, Nov2019 RSI peak 75.90
BIB $70 major resistance 2018 2019
BIB top weekly BB $73
BIB $100 in 2016

Not touching Labd until BIB RSI 75-80, which will be soon

[fitzwell11]

Loading here

[Cornball69]

pharm sector will narrow as a monoclonal antibody is manufactured and specific research is peer reviewed

[Traderprofessional1]

$LABD #LABD is the only Stock ETF fund where you can DOUBLE EVEN possibly triple your money here, Market will Tank and crash hard, Biotech will Sink , No cure, no vaccine for the Caronavirus!!! Not good BUY LABD =$$$$$$$

[Traderprofessional1]

#LABD LABD is Going up Big heres the Reason & Strategy Straight from broker, Main reason being is all these Biotech companies are trying to cash in on the Caronavirus vaccine outbrake because it pumps the stock daily when they come out with a Press releases. But ar the end of the day theres *No Cure* for now anyway, the Biotech sector will sink bad and the ETF BEAR FUNDS are the only ETF FUNDS that will Skyrocket because the Market is due for a Major Crash, all except LABD STOCK you will refer back to this Post and see I was 200% percent Right. I'm doing this 35 years, self made Multi millionaire.

[Traderprofessional1]

$LABD LABD $LABD This will surely SURPASS $25.00 Plus maybe over $30.00 Caronavirus Wipeout! just Bought Alot More =$$$$ No Biotech Company will come out with the Vaccine it's all Hype and BULLSHIT!

[PennyStock Alert]

Close to a gap fill?

[Kylef]

UPTRENDING

[Sendme]

Still watching this one, Soooo close to that 21 target.

Are we going to get one more plunge down and take out stop losses and hit that 21.02 target? I hope so LOL

[Sendme]

I didn't trade it yet, but it is getting interesting.

[Ownwallstreet]

Was just commenting on this one in group chat. Looking for a bounce.

[Sendme]

Hope all is well SH

Looking for possible bounce around here with an eventual price back down to 21

[ClayTrader]

* * $LABD Video Chart 03-27-18 * *

Link to Video - click here to watch the technical chart video

[ClayTrader]

* * $LABD Video Chart 03-19-18 * *

Link to Video - click here to watch the technical chart video

[stocktrademan]

LABD buy 3.65



















normal chart




log chart

[Doubledown75]

Nice job
Payback time

[buysell101]

What a ride here but not as fun as Tvix...

Last week I bought sdow, tvix and this but have then bought dwt on Tuesday which has been an ATM also...GL

[ClayTrader]

* * $LABD Video Chart 02-06-18 * *

Link to Video - click here to watch the technical chart video

[Doubledown75]

Which ones are you going to hit heavy? I’m thinking sdow and sqqq
Maybe a little labd because it’s cheap.

[buysell101]

Is there anybody out there? Gl.

[Sendme]

Taking a look at how well the XBI responded to any type of possible pattern targets. Just thinking out loud here.

The 1:2 risk/reward target, sorry I didn't show all the math.


Cup and handle pattern


Daily chart


I know that LABD follows the XBI, but looking at the IBB it looks like it could still go up a little more.


Current patterns and targets.

[bluuoforange]

Yup ... planning to scale in LABD here

good luck to us!

[surehands]

Note biotech earnings all month until 28th. May give them the lift they need for a double top at 90. save some powder LABD could head down to low 4's..

Just saying!

GLTU

[bluuoforange]

yup ... my bid at 4.72 hit

[surehands]

Oh ya probably lower to! trying to scale in XBI could go to 90~

[bluuoforange]

Put in a bid for 4.72 .... hopefully i might hit today

[surehands]

[surehands]

bought labd 4.92 think she goes lower, will be there waiting. Dont like vix instruments

[bluuoforange]

well all three LABD FAZ and TZA took a beating today lol

I have a sense though this was the markets' "last tango in paris" moment. Bought some TVIX just in case volatility began to spike again.

[surehands]

Your correct Im wrong!

faz bank bear
fas bank bull
tza small cap bear

[bluuoforange]

Are you thinking of FZA, which is the leveraged financial bear.
TZA is the leveraged small caps bear

[surehands]

Banks are bullish lots of call buying just saying!

[surehands]

ok gltu not touching that puppy!

[bluuoforange]

I'm still waiting for LABD to come down more surehands. However, I have picked up some TZA just now at 14.4

[surehands]

Here she come bluu!