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Leveraged

LABU - watch the volume and trend lineBiotech has had a hard time of it lately due to both political risks related to the election and litigation risks from the opioid epidemic. All of this, of course, on top of broad market weakness due to the China trade war. However, biotech earnings are better than most sectors this season, so the bear market likely won't continue forever. I've drawn a trend line on my 1-hour chart and am watching for an upward breakout. Today we had some nice volume come in as we recovered from oversold on the daily chart and achieved our first green day for some time. However, we fell short of the minimum 6 million shares I'd like to see to signify a true reversal. We also fell short of breaking my trend line. I expect LABU will fall to about 25.50 before it's likely to get a real bounce.
AMEX:LABULong
by ChristopherCarrollSmith
Buy targets on SPYOne of the best ways to outperform the market is to buy the S&P 500 (SPY) or a leveraged S&P 500 index fund (UPRO) and simply hold it for the long term. However, the price at which you enter such a buy-and-hold trade is extremely important. If you get a price that's 50% cheaper, you'll make 100% more money over the lifetime of the investment, because you'll have twice as many shares as you would have otherwise. This year is a great year to enter a trade like that, because the market is so weak. But you never know how low prices will go, so the best strategy is to scale in. Here are four relatively conservative buy targets for the S&P 500. These targets assume that we won't enter a full-scale recession this year, which is a big assumption. (Google "Federal government has dramatically expanded exposure to risky mortgages" to see why there's a lot of recession risk. A recession would be, by far, the best time to enter the market for a buy and hold play.) I was pleased this morning to see the market bounce hard from my first buy target. I managed to pick almost the exact bottom to get into the UPRO leveraged fund! We probably will see more downside later this month, however, and I've got plenty of money in cash to take advantage if it falls that far. I like to triple my holdings at each successive buy target, so I've only acquired a relatively small position so far.
AMEX:SPYLong
by ChristopherCarrollSmith
2
Healthcare volatility could be good for swing tradersA recent survey of analysts by FactSet revealed that we're in an "earnings recession" right now and that it's expected to get worse in the next quarter. Certain sectors have been particularly hard hit, namely mining and semiconductors. The sectors that are expected to report the best earnings this quarter are healthcare, utilities, real estate, and gold. These are defensive sectors that usually do pretty well when the rest of the market is down. Utilities and gold are priced a bit high right now, but could be good for an entry if they pull back. Real estate stocks are a slightly better value, but would also be better after a pullback. Healthcare stocks are cheaper, but they face a lot more political risk, especially with Elizabeth Warren leading the Democratic pack. Health insurance and pharmaceutical companies are at particular risk from "Medicare for All." Given the extremely mixed outlook for health care right now-- its bullish fundamentals and bearish political risks-- I expect to see a lot of volatility in this sector. Direxion's and ProShares' leveraged funds are great for playing that volatility. For upward moves you want CURE, and for downward moves you want RXD. Alternatively you could play the pharmaceutical equivalents, LABU and LABD. Look to buy and sell oscillations between critical support and resistance or overbought and oversold levels. Roughly speaking, I'd guess that healthcare outperforms through earnings season but pulls further back as the election heats up. You can see from CURE's chart that this sector has been downtrending overall. I expect that to continue until at least the primary. (If a market Democrat like Biden gets nominated or if Trump gets re-elected, that would be hugely bullish for this sector. Hugely discounted healthcare stocks could surge overnight.)
AMEX:CURE
by ChristopherCarrollSmith
Semiconductor strength will continue, target 208SOXL attempted a breakout above its channel and above April's highs, but got rejected and dropped back down to support at the 50-hour moving average. Here it's showing renewed strength, with volume turning green and candlesticks looking bullish. I think it will make another run at 202, this time pushing through to previous highs around 208. SOXL has strong upward catalysts in the form of strong earnings and guidance this quarter. MU got an earnings beat earlier this quarter, and its recent ascending triangle break suggests it may rise to 51.50, for $4 per share upside. (However, MU is 5% overvalued compared to its average analyst price target of $45 per share.) We've just had earnings beats from Taiwan Semiconductor, Texas Instruments, and Intel that imply the sector is recovering in the second half of the year. TSM has 17.5% upside to the average analyst price target! Intel-- SOXL's largest holding-- can still gain $2.50 per share before it reaches the average analyst price target. QCOM, another large holding, has 12.5% upside to the average analyst price target, with earnings coming up tomorrow. A beat by QCOM could trigger the run up through the 202 resistance level. As always, this is just an idea about how the market will move, not investment advice.
AMEX:SOXLLong
by ChristopherCarrollSmith
1
Don't Trust Today's Upturn in GoldIn my last post I mentioned that JNUG performs better when it closes above the Hull Moving Average . Today it moved decisively above the Hull, which I'd usually take as a bullish indicator. However, on this occasion, I don't trust it. The price of gold tends to move opposite the market. The market is down today for reasons of seasonality . Today (June 12) is what the Stock Trader's Almanac designates a "bear day"-- a day of the year on which the market has historically declined more than 60% of the time. However, it's an isolated bear day. Seasonality favors an upturn in the market tomorrow (June 13) and Friday (June 14). Friday is a "bull" day-- a day when the market has historically risen more than 60% of the time. There are several more bull days next week. I expect weakness in the price of gold as the market rebounds. Gold also tends to move opposite the dollar. The dollar is showing weakness today, breaking downward through some critical support levels. But in my experience, market movements on isolated bear and bull days can't be trusted for purposes of charting. I usually ignore moves through support or resistance on these days. The dollar may rise back above its supports tomorrow. If you're feeling lucky, you could even try shorting gold by buying the Junior Gold Miners' Bear fund (JDST). I'd only try a one-day short play, however, because even if the dollar does move upward tomorrow (an uncertain prospect), it may soon return to weakness ahead of the Fed meeting. As always, this is just an idea and does not constitute investment advice.
AMEX:JNUG
by ChristopherCarrollSmith
JNUG likely to fall if it closes at 8.47 or belowThe Junior Gold Miner's ETF performs better on average when it closes above the previous day's Hull Moving Average than when it closes below. This relationship is particularly strong in the months of June and December, historically JNUG's strongest months. (Anticipators of gold's historic June strength likely drove gold's bull run on May 30-31.) Today JNUG crossed below its previous day's Hull (8.475), and I give it better than even odds of closing below that level. If it does close at 8.47 or lower, look for a significant drop in the next few trading days. If not, then JNUG may move higher. The JNUG gold miners ETF reacts to the price of gold (XAUUSD), which reacts primarily to the US dollar. The dollar's next moves will be determined by expectations of a Fed rate cut. If investors remain bullish on the likelihood of a Fed rate cut within the next year, expect both gold and JNUG to break out higher. If expectation of a Fed rate cut turns negative (as it seems to be doing), expect the dollar to return to strength and XAUUSD and JNUG to break out downward. With Bullard the only Fed member signaling a rate cut and others saying a rate cut isn't warranted yet, I'd put 60:40 odds on a strong move downward in the next week before upswing on safe haven demand near the end of the month. If you'd like to short JNUG, you can use the JDST ETF. This is just an idea, not trading advice.
AMEX:JNUGShort
by ChristopherCarrollSmith
Gold Miners - Bearish Thesis ConfirmedWhy I’m bearish on Gold and Gold Miners in the short to medium term: All the following items provide a positive market sentiment, and a stronger willingness for investors to allocate money to risky assets such as stocks rather than safe haven assets like gold, and therefore selling of gold miners. 1.) Still strong US economy, based on the slew of positive economic data we’ve been seeing. Examples would be low jobless claims, good nominal wage growth and low inflationary pressures. 2.) Long end interest rates (10 yr) are rising due to reduced investor fears, causing a decrease in attractiveness of Gold, which is a non-yielding asset. 3.) US Dollar Index has been consolidating for the last several trading sessions, representing a bullish signal in the short term. Provided that we have a positive economic backdrop in the US currently, probability that it breaks out to the upside is high. 4.) Corporate earnings are likely to keep surprising to the upside, since projections have been lowered so much over the last few months. 5.) More likely for positive rather than negative news to come out regarding US-China trade deal. Both sides are committed and evidence suggests a positive outcome. Feel free to comment or send me a msg if you want to discuss more in detail or if you have different views. You can also check out my blog at gdxdaily.com , this is where I post in much greater detail regarding my analysis.
AMEX:GDXShort
by FireFly450
2
Daytrading Leverage Strategy for Bigger Accounts on Forex[R:R 3]Hello everyone, Many of you wonder how it feels to trade bigger accounts, and keeping it short: stop thinking punctual. Whenever you think I'm buying HERE and getting out exactly THERE. Forget it, never again. There's simply not enough volume for your positions - so what you do? You break it up and you start thinking the final average price. You stop thinking on static numbers and you start considering regions for entry and exit. Larger institutions take WEEKS to close their positions, so I think you get my groove here. It's hard to think tops and bottoms when you need to buy and enter all over the place - the art of market making(but that's a whole other story). So when I started struggling with such a problem, all my strategies were basically at their maximum capital capacity. The main symptom was that my entry limit orders were being filled partially all the time. Since I'm a very thrill guy when it comes down to the strategies I like to have every single step very well written before I start opening positions. Not only entry and exit points but also position sizing are crucial for me. The solution was to break my position in smaller positions that I called ACU's. Let's say we have a 10% ACU, that means that each ACU that I buy that is equivalent of 1/10 of the total position size I initially wanted. The second step was changing my algorithms to things that triggered more often across a zone and not super price and solid signals that trigger only once. So now I'm buying a little bit here and there, with the goal of having a better final average price. Another secret factor for success here is being quick on or fingers or if you're tech savvy enough getting an execution bot for you. Which means you can further break your ACU's across a buying zone. Let's say your buy-zone goes from 1 to 2, you will spread your ACU close to what I'll explain next. Imagine something around 10% of 10% of your total position size, yes only 1% of total Because you will break your ACU in 10 smaller positions across the 1~2 range, similar to this Buy 10% ACU at 1 Buy 10% ACU at 1.1 Buy 10% ACU at 1.2 ... Buy 10% ACU at 2 I know it sucks and it takes time, but the more you break your position is better and I'll tell you why. BECAUSE IT GUARANTEES YOU THE BEST POSSIBLE ENTRY PRICE. The price hardly ever go all the way down to the bottom of the range and if does your avg price will be 1.5 But let's work with MOST of the times, that the lowest it goes on your buy-zone is around 1.3-1.7 It will always allow you to catch the best avg entry price, I know some of your limit orders won't be filled but this makes the risk a lot smaller for you, so be patient and master your greed. This also allows the usage of leverage since operating like this makes you REALLY hard to get liquidated, the tools and the settings I used on Spectro M2 are Xconf on aggressive mode(arrows above/under candles), Spectro Warnings on Moderate(gray warnings), Adaptative Fibonacci Levels( pivot levels) & Scalper Exhaust Reversal Tool(blue background). Also to make the stop-loss rules clear: If the price just touched #1 Target - Do nothing If the price just touched #2 Target - Move up one level If the price just touched #3 Target - Move up SL to #1 target If the price just touched #4 Target - Move up SL to #2 target if you think there will be a break-out otherwise close your position Let me know if you have any doubts!
Education
by spectertrading
2
EOS, Buy the Red, Sell the GreedEOS is nearing the 276 day uptrend which has held very strong and bounced off aggressively. We are also nearing a previous daily close meeting the trendline which is high confluence with oversold RSI conditions and volume squeeze. Leverage, 2x. Entry: 977 - 1020 Targets: 1300 1630 1950 2350 Stop Loss: Close Below 830 Risk:Reward = 14.5% : 34/69/103/144% Catalyst: Decentralized Exchange (2018/12/31) We are excited to announce EOSfinex - a high-performance, decentralized exchange to be built on EOS.IO Zoom out to see the full view. Dark Blue lines = Weekly swing highs/low. Light Blue lines = Daily swing highs/lows
Long
by Dyviumld
BTC looking for a new target!Hello everyone! I have been getting DM's about what to do with BTC and if there are any opportunities. I am already in the opportunity because of the buy ins I used when the price of BTC went to 9.3K. Missed that buy in? that's I post my charts on Tradingview but the finer details are saved for the groups where I am a Technical Analyst. I do always drop hints and give you all there is to see in the chart in the older BTC chart I mentioned this : - next support is 9.3K-8.8K You could have set a buy in based on that knowledge. So what now? I have set a short term trade on this chart: Blue box being the new possible buy in zone. I am watching the orange line to use as a stop loss but I am watching it since this is a short term trade so price action can change the opinion on this but the suggestion is here none the less( I set it slightly lower though ). and are watching the profit zone. I know most people are looking for the 12K+ price but that is just not interesting for me since I don't see any upside to that before we break the profit zone. Trade based on: - Ichimoku (customised settings). - EMA's bullish signals. -Price action confirming buying power. -Lower volume than I'd like to see which is why this setup is short term. -Support and resistance levels. -Waves trend analysis -Higher timeframe analysis ( check my older chart here clickable: As always, Happy Hunting! This info does not hold value towards my original chart with buy ins since that one is longer term and has a different setup. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock/cryptocurrency picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. These are not facts but my personal views and opinions. I will not and cannot be held liable for any actions you take as a result of anything you read here.
BITFINEX:BTCUSDLong
by FinanceFox
1
7-10-17 Dash Buy Entry #2Check out my Previous Dash Entry Explanation below! Update: Things are looking quite grand for Dash and Litecoin in the very near future. Since our first entry, we saw Dash break up with a good amount of bullish volume behind it. Also note that on most of these cryptos, the bearish volume doesn't compete. (for that long at least) We got a reversal formation both on the daily and weekly charts when price was chilling above the 10ema(red) and touching it. This is a great place to snag another medium-long term entry. Yes we are still in this overall crypto lul for the past month+, but we are about to come out of it in a big way, probably starting at the end of the month going into August. I fully expect August to catch fire in this awesome crypto firestorm we are about to experience. I'm also posting long youtube videos of some chart analysis if anyone wants a better learning experience with simple, transparent technical analysis. www.youtube.com
Long
by Boltar2448
2
Buy DASH BTC (Long term or Leveraged Entry)Alright guys. Been working and backtesting this. There's so much money to be made, and the opportunity to flip accounts quickly and safely are at an all time high, thanks to the de-centralized and mostly unmanipulated marketplace, making the market (charts) very transparent for the experienced technical trader. So with any trade there's a couple simple principles EVERYONE looks at when determining a trade. Market Structure Retracements from a recent obvious high or low Bulls vs Bears Bulls vs Bears explained: The more and more I look through charts, in this case the very bullish crypto charts, there is a give in take. When a sign that the sellers want to come in and take their profits, the major bullish players throughout the world will take notice and allow the bears to take their profits. It's the only way to maintain a healthy give and take market. Especially in a healthy bullish market, which is definitely where we are at right now. PLEASE NOTEAlso, there is one final confirmation before price heads back towards the previous high. Once EVERYTHING has been accounted for when looking for a buy (Price hit it's natural retrace point. Bearish market structure is broken. Buyers show up. And when the sellers DON'T show up) This confirmation is a bullish engulfing candle reversal on top of the 10 ema. This is a powerful long term play that works really quite well on the Weekly and Daily and even 4h timeframes. And, you can choose to have a tight stop loss... a little more risky, but the returns are much greater, even in the long run. One more thing on this signal, it must be OBVIOUS that price wants to chill and stay closed above the 10 ema. DASH BTC 6-29-17 Now that I have kinda emptied my head, let's get into what I see here in DASH :) (I apologize for the tight screenshot of the Daily. Gotta make that money to get a sweet setup.) On the DAILY: First, please refer to your own naked daily chart of DASH. This is all a learning process guys, and we need to work together to dominate this game. We had a very obvious rise, and a very obvious retracement, which is where price is at now. During the retracement, price quickly came to a point that the buyers would not let the bears pass. Enough time has now passed for the bears to notice, and to take profit ASAP. Now we had just made a little new high (shown on my screenshot). So this is where I would look to take a long term entry. But I like to be specific. Let's wait for confirmation on the retracement and we can get a perhaps perfect entry, and have a tighter, more specific stop loss. On this little retracement, it made a W towards the ultimate bullish trend. And, it happened to be divergent. (Rsi, tdi) Divergent and OBVIOUS M's and W's on retracements towards the peak formation are probably the strongest tells of a trade. There's also another way of looking at this, and I want some of you to look for it too. On this little retracement shown on the Daily screenshot, it made two perfect bullish candle formations touching and closing consistently above the 10ema that look FUCKING PRETTY. This is the maybe number one sign that the bears are mostly out of the game and the bulls can take their trades. Boom. Take the trade. Long term. And for risk takers, like me, here is a possible way to start making more money or btc or whatever. Once you have all the confirmations on the Weekly or Daily, take a 4h entry as well, with a 4h SL, and look to take a 1:2 or 1:3 profit based on your risk/Stop loss. Here on the right, After it made it's W towards the upside on first rise that broke market structure on the daily, we need a new high made on the 4h, and an obvious candle reversal against the 10 EMA This is an opportunity to take a 4h entry on a Daily trade. You can have your SL a below the most recent red candle on the screenshot. Upto you. Actually, putting it at or below the 50EMA looks to be a good option. Take profit 2x or 3x your risk. This is at least a 75%+ trade.
Long
by Boltar2448
3
Bullish Leveraged Gold ETFs Get Hammered – A Pullback Warranted?Given the large gains seen over the last two days, there could be support in the cards for leveraged minor ETFs following profit taking. NUGT, Direxion Daily Gold Miners, is the 3x leverage of the Market Vectors Gold Miners ETF (GDX). Price action is heavily to the downside, reaching support at $9.11 – forming a triple-bottom on the two-hour chart. Price visited this level on December 16 and 24, and NUGT is currently treading water. A short-term pullback is probable given the steep oversold condition, with the RSI at 16. The – DMI has ticked lower, signaling that downside could take a breather. However, the ADX is still sloping upward which is indicative of strong trend continuation. Next, the underlying benchmark GDX is showing the same negative sentiment. The chart, in many ways, is similar to NUGT. If the gold miners ETF can rally to the targeted resistance level of $18.46, this would represent a 9.51 percent increase in NUGT, or a move to $9.98 and just shy of the $10.08 resistance level. If prices can extend to the second resistance target of $18.74, NUGT could potentially extend to $10.33. Conversely, there is the likelihood that the intraday trend could continue lower. In this case, if GDX were to trade lower to the first support level of $17.55 then NUGT could move lower to $8.37 and break the triple-bottom support. A larger move to $17.35 would reflect a 28.5 percent loss in NUGT, causing the bearish ETF to fall to $6.48. As always, intraday charts are vulnerable to significant volatility caused by headline risk and potential outlook is only suitable for the next few trading sessions. See full post here: bullion.directory
AMEX:NUGT
by CommoditiesTrader