Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 36.6/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
Price of SOXS since inception. Price in 2012 is not a typo.
Adjusted for reverse splits, shares declined from $11.1m to $3.
Eleven million, one-hundred thousand dollars became three dollars in twelve years.
Bear etf funds do not contain equities. They consist entirely of futures contracts, which suffer time decay and expire.
This is the effect of time decay...
Semiconductor Bear 3X ETF,
Trendline break
Long 3.30
Stop 2.7
Target 5.5, 7.0
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
BuyToOpen Aug Call C4 x5 contracts
Limit 0.57 x5= 2.85
The idea is shown on this 120 minute. With the new sticky inflation data, the writing is on the
wall. Likely the rate cut will be kicked down the time road. When is in consideration may be
a rate hike in the meanwhile. Mortgage rates unchanged makes the banks suffer. Loan
applications are down. Treasuries are being affected. So are tech stocks that have a...
Seeing a lot of Semi topping patterns so figured better look at the SOXS. going over what the market is trying to tell us. Working on being a better listener and not imposing my will on the market but working on not talking and listening more.
If you believe like I do that the Nvidia stock market bubble is road kill,
just waiting for the "fatal overvaluation accident" to trigger,
then buy SOXS, the Direxion's 3 X Short ETF on the Philadelphia Semiconductor Index NASDAQ:SOX
Closing at 3.10 on March 12,2024 prior to any potential reverse split on the horizon,
my proprietary chart analysis projects SOXS...
SOXS on the 30-minute chart has reversed from a trend down to an early uptrend. This is
confirmed by a variety of indicators including the ATR/ U BOT indicator reset to a period of 4,
the relative volume indicator showing buying volume spikes instead of selling spikes, as well
as the squeeze indicator changes from a green negative histogram to a positive one....
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 10.9/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
AMEX:SOXS is trying to tell us that it's time to hedge our semi positions. I'm looking for a full candle close over 13.92 for final confirmation and to anchor my fib time zone from the summer lows
LEVERAGED.
Price has broken the neckline.
Target 1 has been met.
Resistance overhead.
No recommendation.
Direxion Shares ETF Trust - Direxion Daily Semiconductor Bear 3X Shares is an exchange traded fund launched by Direxion Investments. It is managed by Rafferty Asset Management, LLC. It invests in public equity markets of the United States. It invests through...
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 11/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
Leveraged x 3.
Horizontal trading channel which is also a consolidation pattern.
The top is resistance. The bottom line is support.
This pattern is neutral until broken.
Goldman Sachs FS Treasury Intms Instl
41.43%
Ice Semiconductor Index Swap
31.30%
Goldman Sachs Fin Gov 465 Institut
13.11%
No recommendation.
After a huge run we are ready for a healty pullback. Here it shows a confirmation of the breakout out and I believe semi sector is flthe first sector to correct therefore its meaningfull to go long SoXS !
All the best!
NVDA turned down today while SOXS rose a bit. On the 30 minute chart is shown to have
have been trending down but then reversed in the after-hours trading period albeit with
the low volumes typical of after-hours. The relative volatility indicator however showed
a dramatic reversal and will be beyond the moving average within the indicator.
Overall, I see...
