SOXX is near its first buy level at the upper blue trend line. I am taking a small position here, and I will triple the position if it reaches the lower blue trend line. SOXX is a great investment to buy and hold for the long term, having pretty consistently outperformed the S&P 500. However, coronavirus is a real concern, because semiconductor companies sell a lot to China and the virus is disrupting that trade. I think there's a good chance this will drop to at least the second trend line.