XBI trade ideas
XBI LongBiotech stocks looking strong, a lot have made new highs already. XBI looks like it's gonna follow suit. Old high is at the top purple line. That's the first target, after that is price discovery. Indicators are looking good and price is converging. Should see a pop or drop in the next few days. Only was I see a drop is if the market itself takes a dump.
XBI Potential What is XBi?
XBI provides exposure to one of the broadest portfolios among US biotech ETFs. The fund equal-weights its portfolio, which in turn emphasizes small- and micro-caps and greatly reduces single-name risk. Thus, the weighted-average market cap is much smaller than some competitors. Unlike other funds in this segment, XBI is a pure biotech play, with relatively small pharma overlap as we see it. This highly efficient fund, which charges less than competing funds, has a history of beating its index due to revenue from securities lending. It has attracted a large asset base and trades with excellent volume. The fund’s alternative take on the space earns it a place on our Opportunities List.
Looking like we could see a pull back here or breakout.
Risk and reward is in our favor here. if it rejects, it can go to $95 area, if it breaks out, we can just stoploss for $1.
S&P Biotech vs. S&P PharmaceuticalsThe 2 strongest industries within HC - would like to see momentum confirm the move higher.
OPENING: XBI MARCH 20TH 80/105 SHORT STRANGLE... for a 1.75 credit; delta .60/theta 3.57.
Notes: Selling the 15's with the intent to add to delta balance if necessary. Since this is shorter duration than some of my other broad market or exchange-traded fund stuff, I may go for the full 50% max, but will see how it goes. I would note that this is generally less liquid than I like to see (.20 wide markets).
XBI Wave 3 or not 2 bAs part of my Elliot wave study i c this potential Formation of wave 3 . Can u c it 2?
XBI - Bull Flag BreakoutLook for biotech stocks to start performing well. Price targets are noted on the chart. Bollinger Band shows a squeeze in this area as well.
XBI testing Resistance this upcoming week!TICKER: $XBI
XBI will be testing daily resistance $97.00. The nasdaq biotech $IBB already broke its daily resistance so can XBI follow along?
Again, dividend distribution was this week and it has an impact on the price.
However, I would still be caution because the weeky RSI is pretty extended. RSI is @ 71ish and historic pullback RSI level is around 72.
Weekly time frame is extremely extended and a break of the higher low every weekly candlestick pattern will be the first indication of consolidation.
I am very interested in looking for a swing trade of LABD because of how extended the bulls are.
XBI Cypher CompletesXBI Blew through the completion point on this daily Cypher. The sector is strong no doubt about it but is due for a pause.
I will be looking at some Bear Call spreads first thing tomorrow AM if this gets one more parabolic push off the open.
XBI potential pull back next weekTicker: $XBI
The biotech sector have been on absolute fire these couple of weeks. Check out the weekly chart with higher lows every candlestick.
The daily chart is getting toppy with somewhat of a double top at $96.61.
Break $94.08 this upcoming week and that will signal weekly consolidation. I will be scouting for a bearish play with LABD this upcoming week.
Weekly RSI also approach oversold so that means be cautious bulls.
XBI could potentially break out hardTicker: $XBI
XBI needs to break 94.95 to break out hard. If we reject and form a 4 hour lower high compared to 94.95, WATCH OUT FOR THE 4H INVERSE HEAD AND SHOULDERS with support for 92.97 and 91.68!!!
Also watch for market correlation. If market is strong and hits ALL TIME HIGH, XBI could be in a great position to go long.
Technicals versus PolicitiansWIth Warren and Bernie fading a bit, Bio/health have jumped nicely. Too much too soon IMO, at the minimum a short term pull back is coming. I am hoping we can become more range bound in the technicals and return to cyclical trading between 78 and 87, this type of cycle is great IBB and XBI, however getting caught when it breaks down can hurt! I use XBI has my measure, but trade LABU and LABD.
**Short XBI via LABD
FALLING WEDGE ON XBIGraphic shows a Falling Wedge of XBI in the ETF market with a timeline of 1 day. It is a continous ascending trend and the wedge slopes againts it. A Break Out Points occurs and it is time to go Long.
XBI Weekly Gap UpBlue Moon
Short or not, it's not just going to just waltz right through the $85-$86 level.
