LABD
Breaking down Retest in 60's - Current support at 50 day SMAlooks ready to retest 60's where there is a large gap
XBI Completing Bearish Bat?Looks to be forming a bearish bat pattern. Indicators looking a little toppy, looking for more bearish confirmation before diving in.
XBI LongLawmakers benefit from taxes generated from biotech, and big pharma companies that are generating massive revenues. Expecting $LABU ~$50-55 range by mid September.
LABD - Dragon w/ Megaphone Bottom PatternHillary Clintons latest against Myland should continue to drop the bio sector. Expecting early Monday dip, then rebound. Safe entry $24.50, risky appetite at $22.75. Price target $32.
SPY - Megaphone Top PatternVery strong two-year Megaphone Top Pattern. Hawkish Fed during election season should send SPY down to 210 by September Fed meeting. Will reevaluate then. GLTA
LONG LONG ProShares UltraShort Nasdaq Biotechnology ETF (BIS)ProShares UltraShort Nasdaq Biotechnology ETF BIS has already build up its base line or support you can say. It is the only stock (ZBIO, LABD) where the price line has clearly shows the support over the last one year period of time from July 2015 till Aug 2016. Slowly but gradually it's going NORTH. Time to buy for long time holders.
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LABD Direxion Daily S&P Biotech Bear 3x Shares As soon as the red solid channel breaks. it's time to party.
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ZBIO ProShares UltraProShort Nasdaq BiotechnologyIt's a buy those who doesn't like to go short IBB
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D-Day is approaching for Biotechafter earnings no more major news until election time. possible martin shrekli enlightenment
XBI global rout imminentThere's major global pull back, Biotechnology will scale back, but not as much as SP500 and DOW.
You should hedge properly, VIX will be back soon.
*Election year is Biotech Year*
My perspective of the markets with SwingVector CollabThis chart shows current long term and short term views of the broad markets using SwingVector algorithm which is the 3rd day of experimentation in charting it out and letting the gaps be filled real time.
REGN to recover on strong fundamentals?The uptrend for regn looks strong at the moment with the rsi above the 0 line but do be careful in the weeks leading up to earnings release. personally, i am long atm but that may change if I can buy it back at a lower price.
IBB ShortBioTech looks to be topping out. Bearish RSI divergence signalling potential top. FIb levels for potential reversal points included.
XBI great short - My favorite lately REJECT at 200 D SMAHas been supported by markets but not for long. check out 200 day ma..
XBI remains bearish IMOThe gap may close to 57.30's but I'm expecting it to fall below mid 55's , where it should continue to drop IMO
XBI - At Very Critical PointXBI 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.
