Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Direxion Daily Dow Jones Internet Bear -3x Shares (NASDAQ: WEBS) with integrated risk controls.

Warning:

The trading plans were valid at the time this was published, but the support and resistance levels for WEBS change as time passes, and this should be updated in real time. Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports

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Instructions:

Use the basic rules of Technical Analysis. Here are some examples: if WEBS is testing support the signal is to buy and target resistance. On the other hand, if resistance is tested, that is a sign to short, and target support. No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for WEBS too. All of these are offered here: Access our Real Time Trading Plans

Longer Term Trading Plans for WEBS

• NONE.
• Short WEBS slightly under 39.1, target n/a, stop loss @ 39.21

Swing Trading Plans for WEBS

• Buy WEBS slightly over 39.1, target 49.66, Stop Loss @ 38.99
• Short WEBS slightly near 39.1, target 35.14, Stop Loss @ 39.21.

Day Trading Plans for WEBS

• Buy WEBS slightly over 36.64, target 39.1, Stop Loss @ 36.55
• Short WEBS slightly near 36.64, target 35.24, Stop Loss @ 36.73.

WEBS Technical Summary | Raw Data for the Trading Plans