XBI trade ideas
FDA Hype Watchlist August 2021In this video I break down my watchlist for potential FDA dates to play in smaller cap pharma companies. Please note that this is not financial advise in any way.
My Watchlist:
$SESN
$FATE
$KLDO
$AVXL
$FSTX
$LPCN
$MITO
Good Luck!
XBI inverse head and shoulders XBI has continued to consolidate and during that consolidation has formed an inverse head and shoulders. I have been adding to my position the last couple days
XBI - Bullish $152 PTXBI 20D channels listed in the white uptrend lines
Falling Wedge Breakout (orange Lines)
C&H Breakout confirmed on the 2D charts
Trending above all EMA's
Short term PT is $152 within the next 60-90 days.
GL!
Price rejected at Weekly Support...Good risk/reward to go longI opened a Collar trade on this.
Trade Management: Long put @115
Short Call @130 June 18th
Learn, Plan, Size and Manage.
This publish is not an investment advice. I am not an investment advisor. So, you are solely responsible for your actions on your money.
Should be scanning ETFsCome Monday going to look at a position in XBI (if it has not gone too far). Pulled back and spiked at the Weekly 50% Retracement that matches with prior price action. Stop needs to be just below the low of May 11th.
The industry for this ETF is Biotech. This should make Cathie Wood happy.
Closing (IRA): XBI June 18th 115 Short Put... for a .37/contract debit.
Comments: In for 1.50/contract (See Post Below), out for .37/contract here; 1.13 ($113) profit per contract with 21 days to go. It's still somewhat weak here, but implied volatility has crushed into sub-35, which is kind of my exchange-traded fund implied volatility cut-off.
Biotech Sector Heating Up SoonLikely to surge this summer after that bounce off the 200 SMA and 50% retracement. Showing strong bullish momentum as well. Happy Trading!
Biotech Sector Likely To Bounce It's been a rough ride for bios lately, but a reversal could be coming very soon. As you can see in the chart, $XBI, the biotech ETF that I like, has fallen to an important VWAP and to the 50% retracement. Today we bounced off of that level, forming a sort of hammer candle on this Heikin Ashi chart. This fund is also currently at the bottom of the daily RSI, which historically is a good sign. This could mean we see a bounce soon, possibly to $150 within the next couple of weeks. I may post more on biotechs now that they should be getting hotter, so be sure to like and follow for more ideas like this :) Good Luck!
S&P Biotech ETF (XBI) - Strong Buy -10May2021S&P Biotech ETF (XBI) is a strong Buy currently at the lower end of its weekly range. Risk/Reward looks very favorable for a long position (Buy) and holding for next 2-3 months (8-12 weeks) for targets of 150-170.
Opening (IRA): XBI June 18th 115 Short Put... for a 1.50/contract credit.
Notes: Weakness and a 30-day implied at 36.63%. 1.32% ROC as a function of notional risk.
Closing (IRA): XBI May 21st 120 Short Put... for a .20/contract debit with 21 days to go.
Notes: Some more pre-vacation profit-taking/clean up. In for 2.17/contract (See Post Below); out for .20 here. 1.97/$197 profit per contract.
Possible "W" formation on XBICould break through resistance or could go back down to support like it did in the past couple weeks, possible put play.
XBI falling wedgeNice walling wedge, already broken out. Looks overall constructive with the RSI and MACD. Coming off 50WMA
