Direxion Daily S&P Biotech Bull 3X Shares (:LABU)

Strategy Session December 6th, 2016

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LABU Weekly Chart

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  • bigbartabs: @tjv821 $espr $XBI $LABU... there must have been some big news for biotech at about 1:30pm EST... started going down and hasn't stopped.
  • stevef214: $LABU Moving my stops up. Got in this morning with not the best entry but up a little for the day. My first buy I had the wrong amount listed in my order entry and then had a second buy when I noticed it. I'll be out by EOD because I am traveling overseas and will not be able to trade Monday otherwise I think I would swing this one because it looks to be moving up off a near term bottom.
  • bigbartabs: $XBI ... the low channel line 1/24 and 4/6 is looking pretty good for support and a bounce here. I've now got a full position in $LABU that I will jettison if it falls much below. FWIW...
  • stevef214: @bigbartabs $XBI $LABU $LABU I missed todays turn around between 12:30 and 1:00 :(. It looks to be bottoming though.
  • cmaxwel1: @bigbartabs $XBI $LABU ( I took a small bite. I was out last week).
  • stevef214: $LABU in for day trade at $45.42. Stop just below opening 15 min candle at $44.91.
  • stevef214: $LABU moved stop up and now out for nice little gain for day trade
  • stevef214: $XBI, $LABU both broke lower than 20D and 50D. If it holds and reverses could be a low risk entry. If not watch out. NP
  • cmaxwel1: @stevef214 $XBI $LABU (stopped out )
  • bigbartabs: $XBI $LABU ... looking like they might go down to the 200dma
  • woodman: @bigbartabs $XBI $LABU -$XBI - perhaps. But looks like XBI is in a box between 72.60 and 66.00.
  • CHOFF: #Healthcare - does bill passage help/hurt bio-techs or are they indifferent? $BLUE $LABU $PRAH? Bios are doing okay right now but who knows after the bill is actually read in the coming days?
  • stevef214: @cmaxwel1 $TWLO I was just stopped out for overall small gain. My first entry was bad and I am kicking myself. Did the same yesterday with $LABU. LOL
  • stevef214: $LABU in at $51.15 day trade stop just below last 15 min bar of $50.28
  • stevef214: $LABU stopped out. Noticed it too is printing a bearish engulfing channel after reading @blueberryman comment on $XBI
  • champ: #HealthCareBill --- $LABU @ $51 now ...I'm still holding my swing position....been in all month....but know real clue on direction....Speaker Ryan will be having something to say about the #HealthCareBill in about 10 minutes or so....could move the markets.... if he says something about when the Vote will take place...the big if.
  • stevef214: @champ $LABU Yes, I have to keep that in my mind. If it is moving up and I want to buy it then don't let it get away. Thx
  • stevef214: $LABU looking strong yesterday and today. Had a bid in last Fri and did not get it. Kicking myself for not buying ATM :(
  • champ: @stevef214 $LABU ---- I always buy at the Market because of that reason....I never buy a stock that is dropping or because it falls back....never. I need a stock to show me green candles before I take a position, after a drop....just saying what I do...LOL.
  • CHOFF: ...
    What's difficult to determine is how many of these allegations are legitimate vs Pulvia's opinions. Bios are down today in general. $BLUE and $LABU seem to be somewhat correlated based on the % daily volatility swings and both are down 3+% today whi ...
  • champ: $LABU has been zig-zagging around 45.50 - $46.10, most of the morning and is now HOD at $46.29. up $2.50...watching
  • champ: $LABU ....a lot of green in this sector today ...I'm spec long day trade this morning....could be time...climbing.
  • stairm01: $LABU is catching some footing on the intra day chart. Bouncing near the 200 dma on the 3 month chart. Long stock and have been selling calls against it.
  • JBed: $LABU hit a 2-month low this morning.
  • bwcarnation1: @JBed $LABU looks like H & S pattern which has broken support though nearing the 200day. maybe it holds the 200. have to wait to see
  • bigbartabs: @Forexpro $XBI ... yes, I've been watching my $LABU as well. It looks better, but its $XBI that is the dog. $LABU the tail. So $XBI is the important chart to make decisons.
  • JBed: $LABU Decent bounce off the lows this a.m.
  • champ: @JBed $LABU - Yes, real nice....now I have it back in the right spot, yes we need to keep an eye on it...for sure....over the next few days.....Thanks
  • tradeforfamily: $XBI $LABU Bio-Tech is looks to row over if it does not hold 50D
  • champ: $LABU $48.60 --- New position....day trade...
  • JBed: @champ $LABU Followed you - in at $48.30.
  • stevef214: @champ $LABU I was already in a few days ago at $46.25 and followed you with an add at $48.60. Moved my stop up on initial position. Thx for the heads up.
  • champ: @JBed $LABU ---- Could climb even more today....and I'm still holding and just waiting for the markets to catch-up....might need good oil # at 7:30 and Europe is green this morning but I think our markets will do better after they close...??
  • khamilton: @champ $LABU I was in at $47.97 yesterday and held overnight to sell at $49.19 this morning. Third day in a row I have made profits on this stock by setting a sell stop for a profit around $1.00/share. Thinking there is a pattern where it peaks within 30-45 minutes after open but watching this closely so I do not violate Dan's #1 rule!
  • JBed: $LABU OUT
  • champ: $LABU HOD now... still holding ....and I'm still waiting for the markets to turn green....but that might not happen....???
  • stevef214: $LABU move stops up periodically today and just stopped out of 1/2. Might swing the other 1/2 or tighten its stop to be out today.
  • cmaxwel1: @champ $LABU (out )
  • cmaxwel1: @champ $SVXY $SSO $TNA $LABU $C $BAC $WFC $JPM (I'm up 3% on $LABU with limit order at 52)
  • cmaxwel1: @champ $SVXY $SSO $TNA $LABU $C $BAC $WFC $JPM (starting $XLF at 23.50 small)
  • champ: $SVXY $SSO $TNA ---- I sold all ETF's going into the close...out of $TNA right around $100....was in and out of all 3 a couple of times today....sold just to be safe.....in the morning I will get back in if possible. I missed $LABU today but I did sw ...
  • stevef214: @woodman $IBB $XBI $XLV I took a small position in $LABU this morning with a stop at $43.49. Figured this was a low risk buy point. Going to watch it closely.
  • woodman: @stevef214 $IBB $XBI $XLV $LABU I like where $XBI is on the chart though I have none as I type. My individual biotech names are few as I've largely sworn off individual stocks in that sector.
  • bigbartabs: @woodman $IBB $XBI $XLV ... hard to say what's going to happen with healthcare stocks with or without Obamacare being replaced. I have a small position in $LABU... and watching for some excitement in $CURE. But nothing big is sparking me at the moment to go one way or the other. I just hope it doesn't change the effectiveness of grandma BigBarTabs chest mustard packs when I get the croup.
  • woodman: @bigbartabs $IBB $XBI $XLV $LABU $CURE - LOL!
  • bigbartabs: @woodman $IBB $XBI $XLV $LABU ... you and me both... owning individual tickers in this sector is like running a jackhammer in a washing machine. So I stay with the sector ETFs and x3 derivatives. At least then it's softened by the entire sway of the sector back and forth... rather than a FDA miss that smacks me upside the head and chest... while getting coffee.
  • CHOFF: @bsafriet $XBI and $LABU are both up .30 in after hours following the news. Looks positive at this point.
  • Junaid: What to start a position in, $LABU, $AEIS or $Z? I have been watching all three and all look promising at this price.
  • StockMarketMentor: A Price Alert has been triggered for $LABU Direxion Daily S&P Biotech Bull 3X Shares. Click here to view associated video clip: http://stockmarketmentor.com/stockanalysis.html?ticker=LABU&clip=83490
  • StockMarketMentor: A Price Alert has been triggered for $LABU Direxion Daily S&P Biotech Bull 3X Shares. Click here to view associated video clip: http://stockmarketmentor.com/stockanalysis.html?ticker=LABU&clip=83490
  • Junaid: $LABU also breaking down from its intraday high
  • inthesticks: @Junaid $LABU Everything is ...
  • issues: @Junaid $LABU $AEIS $Z My preference would be $AEIS. In fact, I bought a starter at$64.44 and am thinking of adding. This is what I consider a LTH, a quality stock that has been on the IBD 50 for weeks (and is still on the IBD 50). Good stocks do better even in a declining market.
  • lecoqsportif61: @dan $LABU Dan, I am on the LABU ply and have already a position,. I was thinking about adding more after the trigger, and waiting for the end of the day to get a better price. Would this latest development good fro the strategy or I should be staying put for now? TY
  • DAN: @lecoqsportif61 $LABU I'd stay out. A triple ETF that's trading near the low of the day after failing to continue yesterday's rally isn't something I'd want to mess with. But then,...I'm kind of a wimp.
  • lecoqsportif61: @DAN $LABU LOL> TY for the advice. Your wimpy opinion is more valuable then a blind courageous head-on dive.
  • jrichard8888: @DAN $LABU Best trade of the day for me - I got stopped out for a small loss. My tendency is to hold onto trades for too long, hoping for a rebound. Trading smarter thanks to the training.
  • tradeforfamily: $CURE breakout of 52 weeks high, added today as well as added to $LABU
  • stevef214: $XBI $LABU Pulling back today after opening up. both now at 8EMA. I would like to enter $LABU at the 20D. Anyone have any thought if this sector still has more to run in it.
  • champ: @Aragorn $BLUE --- $LABU...the sector is having a strong bounce...right out of the gate this morning but is leveling off and has turned down a little.
  • tejas7: Watch out for Pharma/$IBB carnage today due to POTUS tweet. $LABU $LABD will come alive.
  • tradeforfamily: $LABU sold half today. Watch for resistance around $56, high from last Sept.
  • issues: @tradeforfamily $LABU stops are better than just selling. We are still holding $ibb.
  • tradeforfamily: @issues $LABU $ibb It depends on the stock, this is a volatile 3X ETF so can hit stop, so I decide I watch it.
  • champ: @maratom71 $NTRP -- I'm sorry but I don't trade or invest in the Biotech stocks... too much research and you have to keep a close watch on them.....but I do have a position in $INO. However, I do trade the ETF $LABU a lot...on News......I forgot about $GWPH....I have a a long term position.
  • tradeforfamily: $CURE $FAS $LABU Still long these.
  • kcar21966: $LABU creeping back up
  • DAN: $LABU -- starting to go positive on the day. This would be the 3rd day in a row that it's gone higher after hitting a low of $43. So it is pretty extended. Trade it with a tight stop if you are trading it.
  • champ: $LABU nice move now...lets see if it can keep it up...I added size this morning.
  • champ: $LABU @ $51.10 ...watching for new entry ...RHRN....that last run worked out great.
  • Aragorn: @champ $LABU LABU is inside 30 up now that is a good signal triggered above 51.13 for an intraday signal
  • champ: @Aragorn $LABU --- Yes..... I'm in at $51.21....Thanks.....
  • woodman: @champ $LABU - Any concerns about Trump talking down drug prices tonight thereby affecting pharma/biotech tomorrow? @steve71 raised the concern yesterday.
  • tradeforfamily: $LABU is up nicely today. Added.
  • champ: $LABU @ $48.37 now and I'm still holding a new position from this morning.
  • tradeforfamily: @champ $LABU Added for me this morning.
  • champ: @tradeforfamily $LABU --- Swing...Good Work...Yes, I was late.....
  • tradeforfamily: @champ $LABU Thanks and learning from you, the Champ.
  • bigbartabs: @bwcarnation1 $XBI ... I luckily had a full position of $LABU going into today. Glad I topped it off on Friday. What a jump today.
  • bigbartabs: @champ $LABU ... this thing looks spring loaded. Might be a lot more to go.
  • champ: @bigbartabs $LABU and $SPX ---- Could be but I sold 2/3 on the close....will take a new look in the PM in the morning.... resistance is at around 55-$56....you know the Trump team had more of the CEO in the insurance sector at the WH today....meeting with the President about ObamaCare...all of the one's that insure the health care sector.....he seems to move everything he talks about....a few of the CEO's said it's was about time the WH talked to them.....everything keeps looking better and better daily...just have to figure out how to handle the zig-zags........#MyWay is taking profits daily by using my $AMZN trading system.....sell part on the close and buy back in the morning but only if the timing is right.
  • gmj: $EMR starter pos today, good entry for me. $FCX starter pos late in session. Took bunches of profits this morning on all my triples $spxl, $soxl, $labu. Was surprised to see the big surge at the end of the day.About 35% cash position, cautious moving forward into Trumps speech on the 28th ... such a good month thus far having learned to take profits when at my highs.
  • gmj: $LABU, $SOXL, $FAS, SPXL setting trailing stops on all winners and letting them work for me. Using a 6 day MA as first line of defense on all but $SOXL. Like this pop in semis this morning and added to my pos.
  • tradeforfamily: $CURE $LABU Out of both during the 1st hour today with both nice gains before they continue to go down now. (Shoot first)
  • vfr777: @tradeforfamily $CURE $LABU I got out of $BIB. It reached previous resistance of $49.35 . I will look to buy it again at around $46.50 8ema and the middle of the "W" from January.
  • woodman: @traderbren $XLF $IBB $XRT - been long $XBI, $LABU and $FAS since last week. They've looked good. Added to $FAS yesterday.
  • woodman: $XBI $LABU
  • tradeforfamily: $CURE and $LABU (3X ETF, health care and Bio-Tech) are also working.
  • rah: $LABU - Moving up nicely now. S&P Biotech ETF Heat Map has Many shades of Green. rah
  • GOOSE: @rah $LABU Hi @rah, great to see your moniker again. Missed ya. GOOSE ;>)
  • rah: @GOOSE $LABU - Honk Honk
  • GOOSE: @rah $LABU ;>)
  • rah: @GOOSE $LABU - I had a tiny trade on and needed to book a winner - to get my feet wet again. 78% on a 6 day option trade, I exited in the lunch hour. Yesterday I was down 75% so ;>) indeed ! rah
  • tradeforfamily: $LABU is dropping...
  • bigbartabs: $LABU ... if this breaks above 42.81, it might really take off.
  • woodman: @bigbartabs $LABU - good call.
  • tradeforfamily: $LABU is on the move.
  • GaVaHokie: $LABU Market seems to be okay with what Trump had to say to the pharma execs today. NP
  • captron: @GaVaHokie $LABU He basically said small drug companies were not treated fairly and he was going to fix that.
  • TCW23: $labu getting bids
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Stock Price $USD 60.87
Change -0.81%
Volume 709,685

The investment seeks daily investment results, of 300% of the performance of the S&P Biotechnology Select Industry Index ("index"). The index is provided by S&P and includes domestic companies from the biotechnology industry. The fund normally creates long positions by investing at least 80% of its assets in the securities that comprise the index and/or financial instruments that provide leveraged and unleveraged exposure to the index. These financial instruments include: swap agreements; options on securities and indices; forward contracts; reverse repurchase agreements; ETFs; and other financial instruments. The fund is non-diversified.

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