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SOXS

$QQQ BULLS Continue but at KEY Resistance, PCE Data tomorrow- SPY QQQ gapped up again but ended up closing within todays trading range, unlike yesterday bulls have a strong follow through after open. - PCE Data tomorrow morning 5:30am PST - QQQ closed around key daily resistance. - End of the quarter and month rebalancing tomorrow will bring lots of volatility - Will XLF / KRE join team bull or QQQ / SMH join team Bear? - i am slightly more bearish at this level but so far theres no red flags for the bulls at all for QQQ SMH SOXX
NASDAQ:QQQShort
by ArcadiaTrading
3
FOMC Price Reaction Analysis, Support & Resistance, $SPY/$QQQ- Looking for a hourly Bear flag on SPY and QQQ after this huge move down. - XLF and KRE top watch to see if we break fear lows/52 week low. Fear would likely come back in if we do break the lows - looking for SOXX/SMH to go from lead bull turning into lead bear - Rate hikes is a head wind more for QQQ then SPY, so after Powell saying no rate cuts this year, we would likely see QQQ lead to the down side as well just like it lead to the upside. - FOMC reaction day after is always the real move, so tomorrow we need to see if bears can follow through or todays just a small reaction move.
AMEX:SPYShort
by ArcadiaTrading
(WARNNG) Extreme Bear Volume in $XLF, Shorting next hourly LH- QQQ double topped with Tuesday top, had a 15m bull flag during consolidation with no red flags until mid morning. - XLF increasing bear volume with zero bounce and very notable big money exiting. Fear creeped into the market - VIX up 20% - QQQ went from lead bull to bear when all sectors starting to drop at the same time after XLFs huge drop. dragging SPY down too. - lots of negative news and sentiment regarding banks and how much they dropped SI down over 80% in just two days. - Bears now in total control. - huge drop in XBI & IWM as well. SMH might go from lead bull to lead bear tomorrow looking to short the next hourly or 15m lower high pretty much almost on any bounce if we get a bullish reaction to data tomorrow during PM will be shorting that bounce.
NASDAQ:QQQShort
by ArcadiaTrading
NVDA running out of juice - SOXS here we comeJohn was an avid investor in the stock market, and he had been closely following the semiconductor industry for some time. Lately, there had been a lot of hype around artificial intelligence, and this had caused stock prices in the industry to soar. The technical formation of the chart looked good, and John had seen his investment in the semiconductor industry go up quite a bit. However, as time went by, John started to notice signs of exhaustion in the market. He realized that care needed to be taken to protect his investment, and so he decided to move up his stops or exit the position altogether. It wasn't an easy decision to make, but John knew that it was the right thing to do. Do the right thing. Don't be greedy. We're right by the 61.8 and above the 50 from the high to the low. The end.
NASDAQ:NVDA
by bitdoctor
Nvidia Sell SignalNvidia just put in a reversal signal on the Daily chart as it hit major resistance. This semiconductor has been a powerhouse mover and has single handily been lifting the Semis sector higher. Now that this stock may show some near term sell pressure we could see the sector as a whole pullback. The only thing that Im being mindful of when it comes to NVDA is that it has yet to report earnings. As a technical analyst I'm a bit dissatisfied that Nvidia came so close to filling the technical daily gap at 230.46 but never managed to fill it which leads me to think there may be a possibility it has 1 more gasp at a rally to fill the gap before rolling over. None the less distribution is being observed in a time when yields and dollar may be spiking again.
NASDAQ:NVDAShort
by Trading-Capital
3
SOXL Watching for Bounce at Resistance On the 15M chart, SOXL and price are approaching the resistance zone at 13- 14.5 While it is possible that resistance could break, the pattern of the past two months is that it will not. Accordingly, instead, I will watch for a reversal bounce off resistance for a swing trade short to the downside targeting the point of control line ( dark green ) inside the green support zone as the final target with the anchored VWAP ( black line now at 9.25 with the first target being the VWAP ( black line ) and the second target one standard deviation below VWAP ( light green line ); Overall taking off one-third of the position at each target and expecting 30% overall over about two weeks. An alternative is put options with 4 weeks expiration at $14.00 and another is to take a long trade on the inverse ETF SOXS.
AMEX:SOXL
by AwesomeAvani
4
Soxs is the ticket out of povertyDefended support, on high volume, trendline support, Capitulation already took place, inverse head and shoulders break, semis are overpriced and garbage again after 40% rally. Come with me as we milk this one last time into vix 45 If this market keeps going up slowly or continues consolidating I will keep adding 3month and 10 year yields are inverted like hell and people are buying 2000 pe stocks into a recession god help us all The fact that Bitcoin still has buyers sickens me
AMEX:SOXSLong
by Okbronpbro
SOXL reversal from bottom LONGAMEX: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 set a stop loss for a 3% risk while setting targets of $15.85 , below the Fib 0.5 $ 16.8 below the top of the high volume area of the profile and final take profit at $21.3 just below the double top of August 5th and 12th. With tiered take profits, this looks to be about 30% upside overall with a very safe ratio of risk especially if the stop loss is raised above the entry on the first leg of the uptrend.
AMEX:SOXLLong
by AwesomeAvani
SHORT SEMICONDUCTORS ON NEWS- SOXSAMEX: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 of SOXS shows an EMA ribbon divergence, a market low with a Double or Triple Bottom and an Asymmetrical Inverse Head and Shoulders with a neckline trendline Marking a breakout just above the current market price. This appears to be a good swing long trade setup or call option entry ripe for the taking.
AMEX:SOXSLong
by AwesomeAvani
Is AMD due for a correction?NASDAQ:AMD AMD had a good run into the earnings season however news is that with the expected or present recession semiconductors as a subsector will fall a bit heading into the third quarter. The chart shows buy order blocks as a support are far less than sell order blocks. The MACD , a lagging indicator, shows the K/D lines crossing over the histogram. My idea is to take a call option contract for a strike 5% below the present price. Setting a stop loss at 10% of the option price taking profit when the AMD stock approaches above the closest buy order block at about $ 98.45. Do you have call options to suggest?
NASDAQ:AMDShort
by AwesomeAvani
LABU LEVERAGED BIOTECH ETFThis Daily Chart plots LABU to LABD ratios over time. LABU is 3X Leveraged ETF of a variety of biotechnology stocks while LABD is the inverse. By plotting the ratio of LABU to LABD, what can be found is the precise end of the LABU downtrend (LABD uptrend) and reversal into LABU uptrend ( LABD downtrend). In this case, the reversal occurred about June 17th while the SPY reached its current market bottom. This type of analysis can be used to make trade decisions regarding a contrasting pair of stocks or forex pairs. It makes the decisions more informed. IF going down to a 1H or 4H timeframe, the accuracies will be higher and the pivots more frequent also making potential profits higher. This can be used with other ETF inverses such as GUST /DRIP BOIL /KOLD JDST / JNUG YINN / YANG SOXL/ SOXS FAZ / FAS TMF /TMV By setting up all of these also with alerts such as ratio decreasing or ration increasing a trader with very little time to trade and diversify and automate his/her trading resulting in risk stratification and mitigation and economy of time.
AMEX:LABU
by AwesomeAvani
SOXS to SOXL ratio DAILY CHARTAMEX: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 strategy could yield 5X annually to investors or long-term swing traders with little effort especially if an alert is employed to notify the ratio is changing trend direction at a pivot. The timeframe could be lower but then the number of trades is likely to increase as is the amount of profit. This could be backtested by those familiar with the mechanics of doing so.
AMEX:SOXSLong
by AwesomeAvani