$ SOXS is an index that seeks daily investment results, before fees and expenses, of 300% of the inverse performance (or opposite) of the daily performance of the Semiconductor Industry Index. Semiconductors are currently at all-time highs, so a correction in the rally is very likely which could be exploited in a good way with a leveraged inverse ETF such as $...
While most people consider the semiconductor shortage to be bullish for semiconductor stocks I believe there is a serious case for a bear scenario. With the supply chain this heavily disrupted it is possible that while margin will be high on individual sales the number of sales is lower considering the variance in the types of semiconductors that need to be...
3x inverse ETFs let you use leverage to bet against stocks. This chart shows the 14-day Money Flow Indicator (MFI 14) on a 3x inverse semiconductor fund (SOXS). SOXS is an inverse leveraged bet on the SOXX semiconductor ETF, which is also shown on the chart. Interestingly, the flow of money into and out of SOXS has often been a contrarian indicator of where SOXX...
Semiconductors short (SOXS) has been in a very narrow pinching channel for a while and has stayed remarkably precise for a leveraged ETF. Please watch for a buy signal when it breaks out (d'uh). Easy money as far as I'm concerned.
That market is absolutely littered with declining wedges (UGAZ, LABD, SOXS, TMF to name a few)!! I thought this was the tastiest and look like it will turn a corner early in trading and begin trading down. I hope everyone shorted gold miners and closed today because they're turning up tomorrow!
Large descending triangle emerging in semi-conductors (SOXS)/technology (TECS)/biotech (LABD) which is a very worrying development. I've shown my favourite one but please check out the others. News has emerged that Trump wants to blacklist Chinese businesses in response to the Hong Kong protests.
Ever since the march dump, the SPY has recovered while the semiconductor stocks have made significant gains. Some of them are also approaching all time highs. The US ban on TSMC manufacturing for Huawei will be a major problem. TSMC is the leading manufacturing for the most advanced chips and if china does not get access to it, it will cause a domino effect....
SOXS is showing the beginnings of a rounding upward pattern. This can move as high as 24 level, with some minor resistance along the way.
Bullish Signals: RSI Buy Signal Stochastics Buy Signal MACD Buy signal and Bullish Divergence Also when using Fib the 61.8% lines up pretty good with the previous peak. Lastly there has been increasing volume
Could the tip of this descending wedge (the mirror of what is currently showing in the S&P with its rising wedge also about to terminate) be like a balloon that was being kept forced down underwater suddenly being set free with nothing above to keep it down until it hits the surface up above, wherever that may be? Or will Trump or the Fed somehow pop that...
Semi-sector is under pressure Break up above and close above neckline is very bullish .
Price tested out of reversal pennant and skyrocketed, then backtested and bounced again. Out and waiting to get in on the next backrest... if there is one