I compare SOXL returns with SOXX, SMH, and PSI, all ETFs in the semiconductor space.
CONCLUSIONS AND FINDINGS:
YTD 2021 SOXL has not provided any net benefit over it's peers. And if you use stop loss orders you've probably lost money on it due to its extreme volatility. Smaller quant ETF fund PSI is the better performer on most/all time horizons YTD or more...
Most people don't understand don't get it when it comes to market.
Because they think that by just looking at charts, that is more than enough to beat the market.
Remember, market are moved by whales and smart money.
Whales and smart money have COMPREHENSIVE PLAN on the market.
They are not obsessed or focused on SHORT TERM and INTRADAY moves. That's why...
VECO is reporting earnings today. The stock has been slowly trending up out of a wide short term V bottom formation that is incomplete at this time. Swing traders should find short term bottoms early in the development to plan a low-risk swing-style entry ahead of earnings news. The current candlestick pattern is taught in the TechniTrader Swing Trading...
