fbpx

DailyPlay Taking Profits (IBB) – December 7th, 2021

Taking Profits

DailyPlay Positions Outlook:

Equities remain resilient at key levels despite the uncertainty regarding the Omicron strain. SPY and QQQ managed to hold on to their key levels in the last two trading sessions and are expected to open higher as new data highlighting that the new variant only showcases mild symptoms in patients provides encouragement for investors. China also cut rates by 50 basis points which provided a boost for global equities as the 2nd largest economy in the world aims to bolster growth after a disappointing year. We take this opportunity to close out the bearish IBB position that has exceeded the take profit level after a strong decline yesterday.

Prakash Vijayanath
Analyst at OptionsPlay

More DailyPlay

DailyPlay – Portfolio Review – August 11, 2025

DailyPlay Portfolio Review Our Trades GOOGL – 25 DTE...

Read More

DailyPlay – Adjusting Trade (GS) & Closing Trade (FSLR, CRWD) – August 08, 2025

Closing Trade GS Bullish Trade Adjustment Signal...

Read More

DailyPlay – Opening Trade (XYZ) – August 07, 2025

XYZ Bullish Opening Trade Signal Investment Rationale...

Read More

DailyPlay – Opening Trade (CRWD) – August 06, 2025

CRWD Bearish Opening Trade Signal Investment Rationale...

Read More
Tony Zhang