LABD +14R in T+2 day
$Direxion Daily S&P Biotech Bear 3x Shares(LABD)$ (Inverse 3x of $XBI), Some thoughts for the rest of the week until Core CPI next thursday.
+14R in T+2 day. Some groups are still trending lower despite indexes appearing to have set their 'low' on Monday.
3 consecutive pre-market employment reports kick off today, wrapping up the week. Not ideal to take on new risk when market action remains loosely anchored to gap down for most pre-market econ reaction as seen in the last 9 weeks.
Core inflation data is coming next Thursday, but in this tariff-driven inflationary environment, groups that could setups on Monday or Tuesday (that could offer a strong cushion) can potentially be high rewarding trade outcome if data surprise the pain trade (i am poised for long position in this case, beginning with RS from $Real Estate Select Sector SPDR Fund(XLRE)$ $Schwab U.S. REIT ETF(SCHH)$ $SPDR S&P Insurance ETF(KIE)$ area as idea)
Wed: 8.15AM ET - ADP Non-Farm Employment Data (Monthly)
Thu: 8.30AM ET - Unemployment Claims (Weekly)
Fri: 8.30AM ET - Non Farm Payroll (Monthly)
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