Direxion Daily S&P Biotech Bear 3X Shares (:LABD)
Old Forum Content for LABD
Make a Forum Post Become a member to view recent forum posts. Already a member? Sign in here.- Nepenthe: @woodman $AI Indeed. Also, I know you follow $XBI, and it seems to be experiencing a "trend break", both on weekly and daily. I'm back in $LABU from around 2.70 and will sell and add accordingly. I believe you closed out you $LABD position? I do admit that I look to you, Champ, and bigbartabs for thoughts and ideas. You, along with a few others, seem to have the 3xETFs dialed in. Cheers.
- woodman: @Nepenthe $AI $XBI $LABU $LABD - You're correct, I am not in $LABD. I feel like things may have shifted in the biotech world, though we'll see what happens with XBI and this current move up through the 50d. I note that XBI is hitting descending resis ...
- Nepenthe: @woodman $AI $XBI $LABU $LABD Yes, they are more involved in various ways, but I know you follow biotech and are a good monitor for the sector. I've done quite well with $LABU, following a lot of your posts. Keep 'em coming, and thank you for all your contributions. Cheers.
- woodman: $XBI - watch closely. After moving above the 50d today, and testing virtually perfectly the descending resistance line drawn from its more recent high back on 6/13, it is now pulling back and trying to keep its head above the 50d. Generally speaking, XBI has been a graveyard since hitting its ath in Feb 2021. Though still above the 8dEMA, a failure here may allow for a $LABD trade.
- woodman: $XBI $LABD - weak bounce in XBI thus far this morning. I'm still holding LABD from yesterday.
- woodman: Out of $LABD
- woodman: $XBI - watching this for possible entry into $LABD.
- woodman: $LABD working well.
- woodman: $LABD $TZA near highs of the day.
- woodman: $XBI down down down. See $LABD
- woodman: @bigbartabs - $LABD has been my best trading vehicle.
- woodman: $XBI rebounding along with almost everything today, but I'd still bank on the pattern of selling (shorting; $LABD)) when it moves back to around the 8/13/21dEMAs (there's some wiggle room around those MAs and you just have to feel it out). Shorting works until it stops working. :-)
- traderbren: @woodman $XBI $LABD - I was just taking a look at $LABU ....fugly, but it may catch a bounce here. NP
- woodman: @traderbren $XBI $LABD $LABU - the sector, in general, has been a train wreck.
- woodman: $XBI $LABD - the method continues to work: When XBI moves back up to/peeks above 13/dEMA, buy LABD.
- woodman: $XBI $LABD - XBI rallying back to its 13dEMA (actually almost hitting 20dSMA) yesterday gave another opportunity to get short via $LABD. Such moves over the past few weeks have have turned out to be good places to short XBI.
- woodman: $XBI another cliff dive in the making today. No real support to speak of for another ~$7 down (June last year) unless it miraculously manages to re-attain some descending support from two Septembers ago. I'm not feeling that. $LABD on XBI rallies back to the 8/13dEM area.
- Nepenthe: @woodman $XBI $LABD Agree. I'm looking at 61/62 on the weekly for the next level to try $LABU; should be around 2-3 dollars at that point. Cheers.
- woodman: $XBI stalling at 8dEMA again. $LABD.
- woodman: $XBI $LABD - XBI has lost most recent support and there isn't anything but air down to old 2022 support (~$62). Whether it gets there, who knows, but LABD continues to work (notwithstanding some reprieves along the way) for this beleaguered sector.
- hazelb41: $SFM $GOOGL $KNSL $LABD $JDST Working.
- woodman: $LABD working well. $XBI has again fallen off the cliff. Next support is pretty far down.
- woodman: @bigbartabs #Market - I've taken a shot at $LABD here and there.
- Nepenthe: @bigbartabs $TQQQ And here I was blaming my trading platform! A little rain here last night in Reno, and we don't expect much more. Hilary's skirting us. By the way, I really appreciate you chiming in with the condition of the indices. Since I do mostly 3XETF's, (a bit of $TQQQ and $LABD at the moment) based your insights in the past, it really helps me get a sense of overall direction. I know, dancing with the devil, as Dan would say. So keep 'em coming and stay away from the bourbon. We need you clearheaded. Cheers.
- woodman: @wijimmy $LABU $XBI - $LABD - You are very right. Despite my keen interest in the sector, and my owning several select names in the sector based on research and catalysts I've posted here, I also have a position in $LABD. Though I think the sector could start turning around in the fall, that's a guess/hope. I'll believe it when I see it. So for now, playing it to go down more.
- woodman: @champ $UVXY $SQQQ $SDS $TZA - $LABD leading the way.
- champ: @woodman $UVXY $SQQQ $SDS $TZA.....Yes the race is on and $UVXY is closing the Gap....$LABD $FNGD...LOL
- woodman: @champ $UVXY $SQQQ $SDS $TZA $LABD $FNGD - I was just at the Saratoga Springs horse races on Saturday. I feel like I'm back there. :-)
- jwstich: $XBI, $LABD, $LABU @Scottrades any thoughts
- scottrades: @jwstich $XBI $LABD $LABU Potential Bottom Fish, but I'd wait to see if it bounces first.
- woodman: Top 10 inverse ETF gainers today (on my watclist of 29; obviously incomplete; and some overlapping): Inverse ETFs leading the way today - $OILD $YANG $DRIP $FNGD $DUG $SOXX $ERY $LABD $TECS $SCO
- champ: @natural .....Exactly.....now the game starts.....the $SPY was just at $360.50, LOD....now we will see which team takes over....these are a few players......$SDS or $SSO.....$SQQQ or $TQQQ...... .....$FAZ or $FAS ......$LABD or $LABU.....
- champ: @bigbartaps ....$SPY......need to be #Aware....that today is Quarterly Expiration Day, so anything can happen before the close....keep your eyes on these...$SDS $SQQQ $UVXY $LABD...because anything goes today.
- champ: $LABD..@ $24...HOD-L, Biotech #Bear ETF ...and the 52 week high was at $85.28...... .......Watch for Entry.......
- vcondry: @champ $LABD #Bear what would you consider a good entry since the LOD is $20ish and we are currently at the high? thanks for the insights and ideas!
- champ: @vcondry $LABD #Bear .....This is a Spec, at this point now and everything depends on the Markets, on if this could continue this move, for a possible breakout.
- champ: $LABD... HOD...but going to downsize and swing small size, for a possible add-back.
- champ: @Cjauger $SPY $AAPL $SDS $AMZN $DLTR #News #News #next .....Yes $SDS and $SQQQ...both had nice moves off of LOD to HOD....No positions for now....I was asleep at the switch...the flip.....and $LABD also had a nice move. Nice catch, Nice moves..... .....and on $AMZN......I'm still holding and I just added a 1/2 size Spec trading position, at $114.51...and I'm trailing that Spec....
- Cjauger: @champ $SPY $AAPL $SDS $AMZN $DLTR $SQQQ $LABD #News #News #next I hate this market, I have caught nice moves only to watch all of them go green to red. My wife keeps telling me, take the money. Today I listened to her and @DAN confirmed what my wife was saying in the training session. Went to cash right before the turn (a bit of luck on the timing)
- champ: @Cjauger $SPY $AAPL $SDS $AMZN $DLTR $SQQQ $LABD #News #News #next ....Yes..same here....I hear you. ......My guess is, your $WIFE is your best position, need to hold onto that position, for sure and I have been holding my long term position now, for over 57 years. LOL
- barbjim12: @champ $SPY $AAPL $SDS $AMZN $DLTR $SQQQ $LABD $WIFE #News #News #next WOW! 57 years. Mine 54 years.
- Cjauger: @champ $SPY $AAPL $SDS $AMZN $DLTR $SQQQ $LABD $WIFE #News #News #next Yes she is, 39 years for me. Wow 57 years, congratulations
- Cjauger: @barbjim12 $SPY $AAPL $SDS $AMZN $DLTR $SQQQ $LABD $WIFE #News #News #next Champ gets the gold, you get the silver and I get the bronze, congratulations gentlemen
- stairm01: @Cjauger $SPY $AAPL $SDS $AMZN $DLTR $SQQQ $LABD $WIFE #News #News #next I'll take that silver from you. My wife and I have been married 49, soon to be 50.
- champ: @Cjauger $SPY $AAPL $SDS $AMZN $DLTR $SQQQ $LABD #News #News #next.....Yes sir...very disappointing, I was way-up today and I ended the Day around the Flat-line...and I always try to keep my expectation low... exactly because of this reason....and I'm Not going to tell my Wife.
- champ: @stairm01 $SPY $AAPL $SDS $AMZN $DLTR $SQQQ $LABD $WIFE #News #News #next....#Congratulation....on soon to be 50, another good Wife picker or maybe she picked you, however either way, thats great.
- vcondry: $LABD got some support between here and $34 or just my imagination?
- bRobert: @vcondry $LABD WEEKLY M completed to the 50w/200d Bounce It is oversold for a TRADE but there may be more downside to $25 or less with a failed bounce and dip < 200d
- bRobert: $LABD WEEKLY M top Daily H&S top in motion with $25 potential 200d/50w speed bump for a bounce looking for failure Stopped out above np $XBI $LABU traders Kudos $LABU $10 with move above the 50d ceiling EXPECT a pullback I WILL be in that trade
- bRobert: $LABD Will be looking to reload soon on pullback to 50d Watching for evidence of a bounce to develop for a LOW risk trade with a stop just below Got the pullback I ordered WEEKLY breakout Retest
- vcondry: @bRobert $LABD wow what a crash...or rally by $XBI
- bRobert: $LABD Gap filled as ordered $85 with flag trigger Starts with move > 20/50d WATCHING No hurry $LABU 20d ceiling test soon np
- vcondry: @bRobert $LABD $LABU where would you want to see $LABD go to get back in...super brutal pullback today..but most XBI moves seem to be fake. Thanks
- bRobert: @vcondry $LABD $LABU You CAN buy a SMALL piece here Stop < LOD if aggressive $49.90 stop Conservative .....Watch for move > 20/50d ceiling for small partial ADD on pullback from above $70 Confirmed breakout with $85+ target to start
- vcondry: @bRobert $LABD $LABU thank you!
- bRobert: $LABD Posted low risk bounce trade after gap fill to $50 Bounce Stop 49.90 It doesn't get lower risk on this entry Still work to do but HIGH potential with resumption of the WEEKLY breakout Next step....clear the 20d then $70 $85 potential $LABU testing 20d ceiling Failure there will give you a very clear clue $XBI inital pb from the 20d ceiling $50 with a lower low and H&S top daily WEEKLY bear flag looking to trigger with repeat $20 shoe drop $90 to $70 $70 to $50 next with trigger NOTHING appealing here Now if it took some vitamins and happened to come close to the 20w ceiling again ..........I would be salivating EXPECTING THE EXPECTED
- bRobert: Several short trades in motion. Took advantage of bounces towards RESISTANCE. eg. necklines of H&S. tops., Retest of channel breakdowns., moving average ceilings just above. LOWER cover stops on this shoe drop. Several interim targets are coming closer into focus. eg. $NAIL. WEEKLY free fall $20 soon /$15. or less longer term $MTH. $40 potential. $HD. 200w. $NVDA. 200w. $125. This has been a target from. WELL above. H&S. top weekly $TSLA. posted. a. short. entry on kiss of the 20d. from. BELOW. Stop just. above H&S. top in motion. $620/$600. WEEKLY M top with $400. 200w. potential $SOXS. $80+ . Flag. pullback BOUNCE. yesterday $LABD. $85 Breakout Flag pullback. Bounce $M. new. add on failure at the 50d. $17/$10. potential longer.
- bRobert: $LABD. WEEKLY breakout. $85 target. 1. Pullback bounces. Yesterday's flag. pullback. bounce close to the 20/50d. was a good one Posted
- bRobert: @mharps $LABU $3. potential. with bear flag trigger $LABD. 9% move. Not an ideal buy point. But. $85 potential with flag trigger.
- bRobert: $LABD. Flag. pullback. $85. with trigger 20/50d. just below
- bRobert: $LABD. WEEKLY breakout. $75/$85. potential Look for. pullback/bounces $XBI. WEEKLY breakdown continues. New. low. territory. $55. potential Expecting a. bounce/failure
- vcondry: back into $LABD ? Took a small position at HOD (cause im a pro LMAO)
- ProfMike1: @vcondry $LABD Not yet, but watching. Needs to show upside rather than a channel. IMHO.
- vcondry: @ProfMike1 $LABD thanks for the insight...always seems to be a market leader when the market gets weak...just a starter for now but I see what you mean about channel.
- ProfMike1: @vcondry $LABD Small starter is just fine. It keeps your eye on the ball. Good luck. :-)
- ProfMike1: @vcondry $LABD Just hot my buy signal for a small starter. Looks like you were more prescient. Cheers! :-)
- ProfMike1: @vcondry $LABD Needs more time. Maybe till the 50 day gets closer. Kept on a short rein. Small loss. Hope you did too.
- bRobert: $LABD WEEKLY base C&H like $72/$100+ potential Long
- bRobert: $MRNA small short $75 potential WEEKLY view is the best view UNDER the 20w ceiling H&S top potential awaits trigger Cover stop just above $LABD Watching $85/$120 potential with WEEKLY flag trigger
- bRobert: @Imortalz1 the more important question is Will rallies continue to sold into? $SPY $360 target next $QQQ $260 200w Posted these for a while Harder to pull a plane out of a steep dive as it accelerates to the ground Look at the many WEEKLY Kamikaze charts Why I continue to be short No long trades except for short ETFs $LABD $100+ $SOXS $80 target $FAZ $32 target etc
- bRobert: $LABD Stopped out small Bear flag like daily look can test $30s with trigger WEEKLY breakout Flag pullback Retest Needs more time
- bRobert: $HRI. $110. bear target 1. was. ACQUIRED Target 2. $80 200w. It will get there $URI. $250/200w $PANW. $350 potential H&S. top. Reports tomorrow. I would. look for a FAILED bounce to the bottom of the 50W. ceiling for a polite short. entry. np $LABD. $100. target WEEKLY flag high base Partial $SOXS. $82. potential np. Looking for. weekly flag. trigger. > 50W.
- issues: As an ironic sarcasm the IBD says "Market in CONFIRMED UPTREND!~" Wow how can they get it so wrong. With the nasdaq down 566 points, if this is an uptrend - what does a downtrend look like?? Right after I posted this the IBD changed to "Uptrend under pressure." I would say with a DJI down over 1160 the uptrend isn't under pressure, it's under water!! I bought $LABD.
- bilipi: @issues $LABD The writers were " under pressure " ! best , Will
- GOOSE: OT Can somebody give me a quote on $UPST & $LABD.
- scottrades: @GOOSE $UPST $LABD UPST: 34.10 LABD 64.24
- bRobert: @GOOSE $UPST $LABD Labd 67 $upst 34.50
- bRobert: @GOOSE $UPST $LABD Use stock charts if site down Sluggish
- kmcnear: @bRobert $UPST $LABD My E-trade is showing a 27% short interest in $UPST. Wondering if this is real-time? After a huge win, I would think the shorts would have covered by now. If $UPST catches a bid is a squeeze still a possibility.
- GOOSE: OPTIONS EXPIRATION FRIDAY 5/13/22 This is how it went this week. $UPST 27.0 CALLS STO @1.31 ASSIGNED $UPST 29.0 CALLS STO @1.21 ASSIGNED $UPST 34.0 CALLS STO @.80 ASSIGNED $LABD 75.0 CALLS STO @6.70 EXPIRED $LABD 80.0 CALLS STO @5.50 EXPIRED $TDOC 37.0 CALLS STO @1.50 EXPIRED $TDOC 36.0 CALLS STO @1.00 EXPIRED Sending this out a little early so it doesn't get lost. Will edit if there are any changes.
- bRobert: @Pokersmith $XBI #ResearchHack Nice start The WEEKLY target had been acquired (it could have chosen to go lower) $LABD was on a tight leash due to the extreme washout in XBI Multi day 5d inv H&S measures to........$75 area 20d ceiling Coincidence? I think not np
- bRobert: $TSLA. Target 2. $700. in. pre. Retest of the flush low Feb. SOME. bounce is expected I didn,t trade the bounce at $750. Watching WEEKLY. is. bearish. Test of. 200W. would not be a shock. completion of. M top. Many other stocks on my short list are near interim targets. eg. $HD. $280. Target 2. $260. 200W. Consider partial profits and or. lower cover stops $LABD. $100. potential. Trailers
- bRobert: $LABD. $100 target Intraday pb. bounce. Still long Small worked. best $SOXS. testing. Jan. swing high. $82. Long WEEKLY. >. 50W. ceiling $CAR. the long trade. made. some. money but. never. got the. Big C&H breakout. Morphed into H&S. top. $190 target. np but would like to see a failed bounce $FAZ. WEEKLY. SQUEEZE. BREAKOUT. $32. $SIVB. I was CLEAR about the direction and. low targets. $400/$360. 200W. Easier riding this slide. DOWN than playing the counter trend Failed. bounce to 50d ceiling. was the entry $100. straight. down. $BX. love the company. but $80. H&S. top. FAILED. bounces. closer to a ceiling to enter. this and most. shorts. for. a. lower risk cover just above
- bRobert: @Pokersmith $XBI $LABU #TradeIdea $XBI. acquired my major. target. $60. Retest of the Covid low as well $LABU. completed. its Bear flag. target acquisition on the WEEKLY. /bounce There are certainly deeply oversold bounce trades here Room for a. 50%. move and still come in last in a chart beauty contest np. Stopped out of. $LABD. early in the day. with raised trailers Extended Failed. flag. breakout/pullback. Double top potential
- Pokersmith: @bRobert $XBI $LABU $LABD #TradeIdea Looking for a higher low / higher high....trailing stops. Watching and reacting np
-
champ: @Pokersmith $XBI $LABU $LABD #TradeIdea....Need to see most all the main Stocks and ETF's..Trade-able.
Yes...exactly and for me, you said it correctly....Yes sir....thats the plan....I will be doing both... #Watching-and-Waiting to React....
...plan ... - bRobert: $LABD Extended flag $100 target with trigger > $80
- bRobert: $LABD WEEKLY breakout Trigger flag $100 potential Partial re add $SOXS ADD $82 Above 50w Nice base $NVDA Short for awhile Many many posts on this general after blow off top $350 and EARLY H&S top that GREW Early tell on the market Chip Space $165/$120 200W NICE WEEKLY H&S top
- GOOSE: Finally, A TRADE: $LABD STO 5/13/22 ATM 80.0 covered CALL @5.50. 2 Days and 2 hours to expiration. ;>)
- bRobert: @GOOSE $LABD Good premium capture for a covered call trade I think it tests $100 but hard to pass up
- bRobert: $SOXS Strong move Close > 50w ceiling Reversal base $82 target 1 $LABD Nh Triggered flag with a move/close > $80 $100 potential 25% is juicy Extended daily WEEKLY breakout has room to run $XBI is WELL below the 200W Testing Covid low It was $48 in 2016 22% lower 66% potential for $SOXS $130+ potential if the ugliness gets uglier Watch and react Long These trades were started well below Trading around a core MANY POSTS I have been bearish $SMH in general since $NVDA blow off top/H&S top Follow the general
- bRobert: @bigbartabs $LRCX $NVDA $SOXS $XBI $NVAX $RCUS $VXRT $CDMO $LABD Long from below Took partial profits yesterday at $80 speed bump after 25% move $100+ potential Pullbacks $XBI hit my $65 target as well Retest of Covid low BOUNCE EXPECTED
- DavidM: @bRobert $LRCX $NVDA $SOXS $XBI $NVAX $RCUS $VXRT $CDMO $LABD Closed out 1/2 of my $LABD near the end of the day yesterday. Thanks for the push.
- bRobert: @DavidM $LRCX $NVDA $SOXS $XBI $NVAX $RCUS $VXRT $CDMO $LABD Glad it worked out Prudent risk management of profits to take some profits after a 25% move Extended into resistance
- DavidM: @bRobert $LRCX $NVDA $SOXS $XBI $NVAX $RCUS $VXRT $CDMO $LABD Odd that it is down so much this AM with major biotechs taking such a hit
- bRobert: @DavidM $LRCX $NVDA $SOXS $XBI $NVAX $RCUS $VXRT $CDMO $LABD I just look at the chart/speed bumps It is doing exactly what was technically expected I don't over think polite stocks/etfs
- DavidM: @bRobert $LRCX $NVDA $SOXS $XBI $NVAX $RCUS $VXRT $CDMO $LABD Do you have a point picked out where you will buy $LABD back? I still have what I held overnight and bought a piece back with a tight stop.
- bRobert: $SOXS Looking to reload Pullback bounce $82+ targets with resumption $NVDA Short Failed bounces to reload Still with partial short $LABD Took some profits yesterday Small add On pb/bounce $100 potential
- bRobert: $LABD Posted add earlier on pb/bounce Sold partial $75 and tightened stop $XBI speed bump $68 $LABU $6 on bounces Trailers on counter trend trades I can't post it enough
- marklesparkle: @bRobert $LABD what do you think I'm looking out and I'd like to see it rise the boats and basically tank the bios
Stock Price | $7.29 |
Change | 0.14% |
Volume | 14,640,300 |
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the performance of the S&P Biotechnology Select Industry Index. The fund, under normal circumstances, creates short positions by investing at least 80% of its assets in: swap agreements; futures contracts; options; reverse repurchase agreements; exchange-traded funds ("ETFs"); and other financial instruments that, in combination, provide inverse leveraged and unleveraged exposure to the S&P Biotechnology Select Industry Index. The index includes domestic companies from the biotechnology industry. The fund is non-diversified.
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