The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is a rules-based, modified float-adjusted...
NASDAQ:NVDA as shown on the chart with a strong day before the Thanksgiving Day break. Will others in the semi-conductor sector follow ?
SOXL retracement trade to start off the week. Week will probably turn extreme bullish around tuesday / wednesday. This is a quick scalp in the first hour of monday. Playing with puts.
Months ago, SOXL came into the radar, and as it broke out, it also failed along with the rest of the markets. There were many clear opportunities on both sides. SOXL has more than halved its value since its last high. Is it over extended to the downside - yet? Short of the lack of a higher low, and being way ahead of the curve, SOXL appears to be having a bullish...
SOXL - BUY - Completing 18 Month Long Correction This is in WEEKLY LOG mode for reference A brutal 18 month long correction nearing completion. I will be looking for a bullish fractal to emerge soon. Notice huge volume....capitulation. Stay tuned...
BACKGROUND: SOXL (3x ETF) created a great reversal pattern back in JUNE - JULY 2022. It's tempting to ignore it because it ultimately failed on 8/26/22. Nonetheless, it was a great technical entry point when the price broke above $17. CURRENT PRICE ACTION: The reason I'm pointing out what happened in JUNE - JULY is because SOXL ETF is forming another BULLISH...
Top of keltner channel(overbought) Bearish divergence on 5 and 15min lower volume today Now above volume profile large block powell speaking tommorow high risk low reward to hold
Althogh NASDAQ100 is up more than 5% this week, it is still down 23% YTD..! and 25% down from its all-time high..! But detecting these symmetrical mirror view move helped me and my follower to capitalize on them nicely..! Some examples: (I did not publish any of these posts publicly) QQQ: Sep 5th, TSLA: Sep 6th SOXL: Sep 6th NVDA: Sep 7th ...
Just a quick rehash on the few that I have been closely following of late, especially after the Fed raised rates 0.75%, as expected; but the important bit was in the narrative (not analyzed here). The NASDAQ futures had 11,900 simply broken through, and the next day followed through with a slight gap down, as global markets react. The S&P500 ETF, SPY, similarly...
Mid-week update on SOXL and observation that a bounce was about to happen, was expected with these criteria for something worth a look at: " The current gap range needs to be closed clearer and an immediate resistance (above yesterday's high, green horizontal line) needs to be cleared. Then a break into the next gap range above the next resistance (thicker green...
nasdaq us large cap semiconductors are carrying big tech right now. if they drag the market lower im bearish on the broader market. if we bounce in this group especially NVDA and AMD i think were headed for a test of the weekly lower high around 5500 translating to a $15 SOXL. if we bearflag, and head lower id imagine were in for much more of a drop. the pivot is...
Hardly excited after a pretty decent bullish bounce in the SPY, SOXL similarly bounced, although it appears to be lagging somewhat. Is it premature, or is it bouncing? The SOXL daily chart shows the downside target just hit at about 12, at the beginning of September. Two days later a higher low was registered (this is clearer in the hourly chart). The bullish...
AMEX:SOXL On a 30-minute chart SOXL, a triple leveraged bull ETF for semiconductors is now in an early uptrend. The semiconductor sector may be challenged but stable economics from its industrial customer bases may be steadily rising. The chart shows recent horizontal resistances from pivot points and an overlaid volume profile. For the long trade, I will...
From the last post, The daily technical indicators appear to be turning upwards and the early part of the coming week is expected to show a bullish hand, that probably leads to the rest of the projections into September where it should meet the weekly 55EMA. Watch for it! The window closed rather immediately after :| The analysis projection totally did not...
SOXL - WEEKLY LOG Mode I know what you're thinking....... Don't shoot me I'm just the messenger. This chart implies the sector deserves some near term consideration..... as hard as that may seem at this point. Buy when there's blood in the streets... Risk is well defined here. I would use the sub .786 Fib area as a stop point... See below. Here is the DAILY :
AMEX:SOXS Reports are the semiconductor secotr is presently challenged with rising costs and lower production orders. SOXS is in a flat bottom triangle with price now at its base. The RSI Oscillator is in mid-range suggesting price has upside. The relative volume has been increased in the past two weeks. I see this as a swing long setup with the target...
AMEX:SOXS Semiconductors have been giving some cautious guidance suggesting a market downturn, supply chain issues and the recession fears. Vehcicles are being shipped to dealers lacking some "chips" ; in the meanwhile, the CHIP acts hopes to stabilize things. SOXS a ETF shorting the semiconductor industry #X leverage as the inverse of SOXL The 4H chart...
An update to the earlier SOXL post... Previously identified as a potential, in what appeared to be a really nice technical wedge breakout. And there is more, much more as a reader gave some heads-up about the semiconductor bill. Techncially, SOXL has been bullish, but is also susceptible to strong retracements, which took place over the week that just passed....