CURE & XLV Healthcare ETF Analysis

Member @mike6677 inquired about CURE (3x bullish healthcare ETF) within the trading room, to which I replied: Possibly but going long CURE or XLV (the non-leverage healthcare ETF) would certainly be trying to catch a falling knife. Nothing remotely close to a buy signal on either yet although there are some divergences building on the 60-minute chart. My guess is that XLV & CURE bounce with the broad market next week but first things first & that would be to see a nice rally into the close today with the current support levels on QQQ be successfully defended. Should my Inverse [...]

2018-04-06T15:16:23+00:00 Apr 6, 2018 3:16pm|Categories: Equity Market Analysis, Unofficial Long Ideas|Tags: , |2 Comments

Sector Short Trade Ideas

For those looking for short exposure or hedges to a portfolio of longs, here are a few of the sector ETFs that stand out as short-side swing trading opportunities. While I may add some of these as official trade ideas, I don't have the time to annotate all the charts & list suggested stops & profit targets right now so I figured that I'd pass these ideas along as unofficial trade ideas at this time for those interested. As usual, my preferences is to short the 3x leveraged version of a sector ETF that I expect to hold for more than [...]

2016-04-27T11:09:56+00:00 Apr 27, 2016 11:09am|Categories: Unofficial Short Ideas|Tags: , , , , , , , , , , , , , , |Comments Off on Sector Short Trade Ideas

CURE XLV Short Trade Idea

XLV daily May 12th Yesterday I tweeted out that I was starting to scale into a short position in CURE (3x long S&P Healthcare Sector ETF) and with the markets poised to gap back down below the wedges at the open today, the intermediate & possibly longer-term bearish outlook for the US equity markets remains intact for now. As such, I've decided to add CURE as an Active Short Trade at the open today. My reasoning behind shorting the 3x long leveraged version of XLV (1x S&P Healthcare Sector ETF) is the same as my reasoning for the recent [...]

2017-03-08T21:20:27+00:00 May 12, 2015 9:16am|Categories: Completed Trades - Short|Tags: , |Comments Off on CURE XLV Short Trade Idea