SPXL trade ideas
RSI and Mrrey's Linde strategy systemExperimental strategy based on breakout RSI's support and resistance lines.
Stock Trade Plan - 07 November 2018
The trade idea for today is an ETF with ticker symbol SPXL that trades the S&P 500 3x, it is a leverage S&P 500 a 3x version of SPY. It can be compared to SPY.
This is a straight bullish trade;
Entry is at $48
Stop is at $46
Target is at $55
The risk reward is a ratio of 7:2, which is a great reward risk ratio. You can trade options for December 2018 in the money with open interest at $45 (4.60/$5).
Let me know what you think about it in the comment box below
Big movement ahead on SPXLBull flag vs RSI correction
RSI suggests market correection for tomorrow and next week camdlesticks based on oct 03,09,117 situations. Purple vertical lines shows historic path itself.
Bull Flag
Background: 12 d 5h for -16.23% down
Stick: 20h for +8% up
Flag: 1d 6h +3.39% up
However, there is a huge resistance at 45 price level, so we can expectate another selling wing/breath to break through 50 level
SPY SPXL FEB CRASH REVISITS&P is losing strength and after a soon bull retrace of about 15% or less, the bears will retake control. RSI is now contained and needs to reach 30.
SPXL - Let's see how big this bounce or V-shape recovery isWe are at a market crossroads testing 200 DMA support across a number of big names that makes up the SPX. I'm long here with a stop loss and the stop loss will be more than just this short term SPXL trade...
Long Short term - will decide longer term depending on bounce (or not)
SPXL - Go long, fears overblown. Trade wars fears, inflation, flat yield curve, slower global growth, the Fed hawkishness, etc. are all overblown.
Here's the facts:
"From 1933 to 2016, the average return for the S&P 500 Index when Republicans held the presidency, House and Senate for the one year after midterms was 15.1%. When Democrats have been in complete control, the increase averaged 9.3%."
Many analysts (including myself) believe that Trump is going to scale back tariff talks before mid-terms in November. This will allow markets to reach new highs. Despite what I hear from many analyst here, it's Trump keeping this market from hitting new highs, and it will be his policy stance that will allow us to break through this consolidation period.
Don't get me wrong, the Fed, inflation, the yield curve, etc. will be concerns, just not much in 2018 (likely 2019 as well).
Proprietary models that I follow suggest that S&P 500 will reach ATHs this year - see red line.
SPXL or UPRO (3x leveraged index funds) are one of the best ways to play this rally.
I'd be a buyer on dips.
Cheers!
Earning season has come and that will lead to a huge rallySPXL has had some problems the last few months but I think that will change. The market has begun to level off and with earning seasons I feel a run will start. Hopefully Apple will also begin to buy back in force and also push the market higher.
New TargetThis is an update to my last post. There was a double bottom, and now we are getting a possibility for retracing to January.
shortAlthough I tend to be bearish, It is evident that as long as there are tariffs, stocks will continue to drop. So buy SPXS. SPXL continues to set new lows and lower highs. It Broke its previous low. And although a couple green days here, the etf continues to move lower and is unable to break the EMA9 and EMA20. Ride the ride down. Maybe next week jump into SPXL for earning season..
SPXL Returning to Mean(I know this is the S&P) After a recent fall, I think that SPXL has shown a strong floor and will return back to the mean. The market has had some trouble with the recent tariffs, but I think we might be moving towards a recovery.
long double bottom playSPXL is a 3X leverage ETF of the S&P 500. Due to the recent sell off, we are revisiting the recent bottom. Price has broken the EMA(100) and has a short fall to the EMA(200). Dropping to the (200), we should hopefully form a double bottom and have a good footing to move up for the rest of the year especially if people can regain confidence in the economy. People are selling due to the rate hikes, and like all things (such as the bond yield that cause a sell off in February) people will forget and move on. Buying in at the (200) and selling at the upper bollinger band or at an RSI of 56 or 70 depending on your choice can offer some good rewards of 25-35% profit.
Off oversold but can bulls carry it?Bulls appear to be very weak as demonstrated with lower daily volume than past trading sessions. Money Flow (CFM) is negative although OBV is positive. Mixed signals here. Fierce battle between the bulls and bears shown in this consolidation trading. Watching without a position for now until the trend is confirmed.
The 1 hour bull is confirmed, higher highs, higher lowsLooks like the bulls are back in charge. Bias trading long for now.
HOW TO REALLY PLAY THE REBOUND IN THE STOCK MARKETBold move, over exposure. You ready?
Short VXX which tracks the VIX.
Buy XIV which is inverse to the VIX.
Buy SPXL which is a 3x levered SP500 ETF
Short SPXS which is a 3x levered short SP500 ETF
If this isnt just a correction were screwed, if not, then congrats.
SPXL - Feb 11th Tech Analysis on 1hr trend lines - bulltrap?SPXL - S&B Bull Triple Bull Trading Instrument - Feb 11th Tech Analysis
The SPXL is the S&P triple bull. It could be argued that it provides a magnified view of the S&P as it is leveraged on the bull side with SPXS providing the counterbalanced bear trading instrument. The December and January trend lines provides a clear view of the magnificent bull run which was broken on January 30th 2018. The higher highs, higher lows trend was broken without a doubt.
The pullback was to be expected. Support levels at $51.40 were tested during a few trading periods and broken on Feb 2nd 2018 down to $50.84 which gave the bears control.
The bearish trends lines are now established with lower high, lower lows. At times, we are seeing a surge in bull activity although unless the bulls can break the pattern this week, we can expect the bears to continue the savage, but well needed, pullback.
It important to note the volume on bearish days is significant and the volume on bullish days indicates that bulls are more timid and undetermined than bears. Unless the bulls on the S&P can return on Monday and Tuesday with conviction, this 1 hour trends charts on the SPXL seems to indicate SPXS might be the trade to consider for February 12th 2018
