XBI bumping its head on the R1 pivot in deep 77s. The 9 day sits
back at $69s if its rising. Took some LABD to hedge my remaining
LABU shares when the risk/reward was best there. Good thing I was
trimming that all the way up on my longs. Two gaps below now for
markets 3,795 and 3,674. Seems reasonable for me to expect some
backing and filling here.
Posted by fredsaid on 24th of Jun 2022 at 01:47 pm
I would agree and expect some back filling... hard to see
straight up to 4000 but it is the 4th of July happy time long wknd
next week and would crush June swoon shorts.
XBI bumping its head on
Posted by fundamentalvalues on 24th of Jun 2022 at 11:00 am
XBI bumping its head on the R1 pivot in deep 77s. The 9 day sits back at $69s if its rising. Took some LABD to hedge my remaining LABU shares when the risk/reward was best there. Good thing I was trimming that all the way up on my longs. Two gaps below now for markets 3,795 and 3,674. Seems reasonable for me to expect some backing and filling here.
I would agree and expect
Posted by fredsaid on 24th of Jun 2022 at 01:47 pm
I would agree and expect some back filling... hard to see straight up to 4000 but it is the 4th of July happy time long wknd next week and would crush June swoon shorts.
My longs would love it
Posted by fundamentalvalues on 24th of Jun 2022 at 01:56 pm
My longs would love it if we made it to 4,000. And I would likely short/hedge if things aligned for what I'm looking for.