XBI trade ideas
xbi inverse H&S short term ->#bullish run into 2020 The beginning of a new age w novelty therapies in Biotech sector (i.e. gene editing, gene therapy, ERT, Pi3K inhibitors, FAK inhibitors, heart disease, diabetes, mental health, medical equipment, cannabis, etc..)
The Bio technology sector will see a bunch of M&A in coming years as big pharma merge to take market share in different parts of the industry, novel therapies will continue to grow this sector and may even likely start seeing a roll over from people who invested in the tech sector in the begining of its dawn.
But especially with CBD and other unknown health and wellness that comes from the cannabis M&A, in my opinion, has just begun!
This is just my opinion, 2019 will bring new factors to the industry in ways to heal people/ give them quality of life that wasnt available (legally) before. BIO has always been a risky sector, as many companies are in FDA clinical trials- Make sure you know what you are investing in and have risk appetite for possible sharp swings.
GOOD LUCK IN 2019!
Disclosure: I am not being paid to publish this chart, nor should is this investment advise. Everyone, PLEASE do your own research (DD) before buying any tickers mentioned, as markets fluctuate and no one ever truly knows "exactly" what may happen next.
XBISolid bounce from the lows, running into heavy price and trend resistance after a 50% fib retrace, looks to have printed and hanging man candle for the day as well. LABD is my method of shorting this with stops right over the price R on XBI.
to low 50'slong term chart uptrend. massive move for biotech in this bull cycle. inflated drug prices... swan $IBB $LABD
Bullish XBINote: This is not an investment advice but my opinion alone. Please feel free to comment
The XBI has been on a downtrend since September and one of the first sector to begin the pull back after all time highs. I am still bullish this segment looking at the charts and the current price action on the 5 year 200 EMA. It looks as though we are in wave 2 based on what seems like an ABC reversal in 2016.
If we break the EMA then we could be headed lower but I see this sector as bullish in this volatile environment.
downtrend strength: big picture could get to low 60's cyclically. Holding June 2019 60P . $LABD $IBB $SPY
not shorting bio sec but stalking potential breakoutmultiple cup & handle patterns & flags needs to hold 96 imho
Short idea (Biotech ETF)Short here on the next 3 day new low. XBI weekly losing all momentum with dying volume $LABD $IBB
XBI - short Target 90$ looking for pullback potentially 90$ . - flag down
Now =Support FIB 0.5 - 93.30$
Short set up XBI- DBiotech past week has been in a downtrend. Short below yesterday's close. $IBB $XBI $LABD
$XBI $LABU Turtle Soup BUY on the DAILY (Linda Raschke pattern)$XBI $LABU closed above previous 20 DAY lows XBI(94.01)|LABU(91.30)/ after making new 20 day lows XBI(93.99)|LABU(90.08). This sets up a power reversal pattern on the daily chart. Stop = prior 20 DAY lows. Low ADX (15) enhances "reversal effect". See my previous "Turtle Soup" charts & outcomes to define projections. Trail stops.
XBI Short?As XBI sits right now, we either see nice upside or a crack in the chart to the downside. Big earnings names coming up but XBI is now sitting below the 20MA which would be a short signal for me.
Biotechs getting readyXBI getting ready for a move after some super healthy consolidation, bulls need to see a break of the 101.05/101.06 double top and a break of RSI resistance for room to the upside. Earnings from some larger names will like help XBI to pick a direction soon. LABD and LABU will be on my radar this week. I will be much more likely to play a break if overall market moves in the same direction.
XBI Simple trendIn XBI i have been playing this trend for days now. Very simple XBI like to test the 13 ema and bounce. When it is near or a little below i buy this weeks closest itm calls. I sell the position before eod. i set my stoo roughly .20 below the 13 ema on the daily. Nothing fancy here. Sometimes the easiest trades are right in front of our face. you can follow my actual entry and exit on twitter @breakingoptions
OPENING: XBI JUNE 15TH 77/80/93/96 IRON CONDOR... for a 1.00/contract credit.
Metrics:
Probability of Profit: 57%
Max Profit: $100/contract
Max Loss: $200/contract
Break Evens: 79.00/94.00
Delta: -.28
Notes: Will shoot to take profit at 50% max ... .
