XBI trade ideas
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.
STOCKS XBI Short & DG Long | OCT19 WK2 Wkly. (Expires. Oct 11th)Machine Generated Signals. OCT19 WK2 Wkly
STOCKS | XBI Short & DG Long (Expires. Oct 11th)
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AMEX:XBI
NYSE:DG
Biotech... leading the market down... serious support broken...I have been monitoring this index for years and a *serious* support level was *smashed* today. Combined with the crashing of bitcoin (prior to making new ATHs), extremely weak RSI, and the rise of the VIX, I believe the market is in for a serious reckoning. Prepare for cash and short strategies! FED has one final save over the next several months IMHO and it will not last.
