LABD trade ideas
Leveraged ETF pairs: Time decayThis is more of an educational post, but it also serves as a trading idea.
Costs of derivatives and manager fees make leveraged ETFs have a dangerous time decay. If trading for periods longer than a day, these kick in. How badly they impair performance depends on the volatility of the underlyings, so be careful when trading these. A more clearly trending underlying makes for a safer leveraged play, so, instruments like QLD/QID aren't as affected by this.
You can observe how being short both sides of the coin, can produce a downtrend in the chart, and thus, a safe long term short.
Be careful when trading these for longer than a day, and if trading QLD, or QID, be careful with trades held for longer than a month, or a quarter (I estimate that is for how long they can outperform QQQ).
Cheers,
Ivan Labrie.
Picasso or Warhol couldn't paint a better picturePossible sell off next week in Biotech Bullish IHS Pattern
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.
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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Keep accumulating near $20, soon $XBI will lose it's momentumNotice the turns on RSI and MACD on LABD.
Buy LABD for a popXBI cannot get new highs, the bottom trend line for LABD is touched for 4 days. I think it is a good entry point for LABD. I bought 150s at 20.92
D-Day is approaching for Biotechafter earnings no more major news until election time. possible martin shrekli enlightenment
May be eventually going to $LABU low around $22-23Still trend down and with no buy signals. Be careful even the candle today is bad
$LABD - 3x Bear Biotech ETF showing bottom potentialThe risk-off trade is starting to get some traction as markets pullback from overbought levels.
weekly chart is still on $LABD sidehigher high on weekly for $LABD, notice the green arrow on LABD.,
