Bullish Alternate Shark and the 4th leg ended at the 1.113 versus the .886. No recommendation. Best to buy on UP market days. Leveraged x 3. Fees can be high and not intended for a long term hold.
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...
Short term trend for SOXS landing into Sep 23, 2022.
AMEX:SOXL This chart strives to setup a trading plan where the SOXS and SOXL are oscillated. They are 3X leveraged ETFs with great range. SOXS was up 400% YTD at its peak. The new CHIPS ACT is a catalyst for US semiconductor manufactures Right now the ratio is on a downtrend, meaning Sell SOXS or BUY SOXL or a combination of each. I believe that this...
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that,...
PSQ/QQQ, FAZ/Financials, SOXS/Semiconductors, NAIL/short homebuilding, TZA/small caps, and the list goes on and on for every sector. These are leveraged and short an index. It is not the same really as going short and you do not have to borrow shares from your broker. These, plus more are ETNs. There are also reciprocals that go long an index that are...
This is leveraged and volatile. This will go down three times the up move if we have a good market day for semiconductors. Getting in at a good price is paramount. Price has broken the upper trendline for now. There is also a double bottom. Price is not quite overbought with RSI on 80 versus 70. Price is over the top Bollinger bands. No recommendation Golden...
I think it may be a great time to short semi conductors. I am in some calls for the next week and a half lets see. I believe this can gain momentum, key support is around 4$
The Semiconductor sector has been on a tear for the last year and I don't think they are exempt from what is about to happen in the markets. I am playing SOXS to try to increase my exposure to the down side. SOXS has broken out of the descending channel and I am looking for a move back the 1.618 fib retracement at $5.86. My options play is ITM $4 CALLS for Feb. 4...
Betting against the market has increased significantly! In the past 2-4 weeks the volume of the 4 inverse ETFs has increased significantly (+2x)! This means lower prices are more likely! What could happen in the next 3 weeks if prices pass the Red lines? Market Reversals and the Sushi Roll Technique: In his book "The Logical Trader," Mark Fisher discusses...
The stocks are starting to fall and I think SOXS is poised for a rally once traders begin hedging considering the enormous gains made in the sector this year. 4 CALL 12/17 is what I'm looking at
Seeks daily investment results, before fees and expenses, of 300% of the inverse of the daily performance of the PhLX Semiconductor Sector Index. The index measures the performance of domestic companies engaged in the design, distribution, manufacture and sale of semiconductors.
$SOXS is an index that seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the Semiconductor Sector Index.
$SOXS is an index that seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the Semiconductor Sector Index.
The ETF seeks daily investment results, before fees and expenses, of 300% of the inverse of the daily performance of the Phlx Semiconductor Sector Index which measures the performance of domestic companies engaged in the design, distribution, manufacture and sale of semiconductors.
The ETF seeks daily investment results, before fees and expenses, of 300% of the inverse of the daily performance of the Phlx Semiconductor Sector Index which measures the performance of domestic companies engaged in the design, distribution, manufacture and sale of semiconductors.
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the PHLX Semiconductor Sector Index. The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short...