SOXL trade ideas
SOXL: Direxion Semiconductor Bull 3X Leverage ETF Overview This ETF is one of my favourites, with a very consistent return
Year to Date* 26.14%
1 Year 171.57%
3 Years 85.12%
5 Years 85.46%
10 Years --
Since Inception 44.61%
Has shown a positive return every quarter since Q315
Reuters Lipper Fund Research:
Total Return: 5
Consistent Return 5
Tax Expense 4
BETA= 4.16
Holdings: (Top ten. Yes, there is AMD)
Dreyfus Government Cash Management (Institutional)
Texas Instruments Inc ORD TXN
Intel Corp ORD INTC
Qualcomm Inc ORD QCOM
NVIDIA Corp ORD NVDA
Broadcom Ltd ORD AVGO
Analog Devices Inc ORD ADI
Microchip Technology Inc ORD MCHP
Taiwan Semiconductor Manufacturing Co Ltd DR TSM
Micron Technology Inc ORD MU
Asset Allocation
Equities 65.44%
Cash 10.61%
Fixed Income 12.15%
Other 11.80%
SOXL - Going long 119.00 for a tradeLooks to be at a solid point that it should bounce. Looking for 140. Never got oversold on RSI
SOXL (and TXN) at a discountSOXL is a 3x leveraged ETF, whose top 5 holdings are TXN, NVDA, QCOM, INTC, and AVGO. Earlier today, TXN endured a massive sell-off following their unimpressive earnings report, resulting in a hard drop in price for SOXL, as well. However, I don't expect TXN to stay down past this trading week, and when it rebounds, SOXL will be along for the ride. The semiconductors industry is red hot.
SOXL Semiconductors x3 ETF LONG - Earnings rally starts: ~%30..!JAN. Earnings rally is starting off with INTC.
Semiconductors are expected to beat estimated earnings.
Good R:R, keep your SL tight.
below the nice pitchfork of AugLong soxl, reached support at the bottom of the pitchfork. Due up for one of its sexy +5% day returns.
$XSD $SOXL Semi's selling off but buy zone is here$SOXL has been running hot correcting now a bit, but might be a god time to consider starting a position or averaging up/down
What a nice soxl pitchforkAm new to trading, but Noticed that there seems to be a nice pattern here. Seems like it could drop a little moore before taking off again. Probably should wait a little before buying back in.
SOXL Bullish Elliot Wave Exit into Correction Pattern?I feel like I've seen this pattern before on this chart.
It's hard to bet on a continued rise up from here, even with all the tax reform talk and earnings season around the corner. It's been an incredibly good rise. My best guess is that this enters a correction pattern back to main trend line.
This is my first published idea so take it with a grain of salt.
Constructive comments certainly welcome as I'm still learning how to read charts.
SOXL, Inverted Cup and Handle An Inverted Cup and Handle pattern appears to be forming. The RSI is almost dead even, and we are in a squeeze coming off of the short upward momentum of the handle. If that squeeze releases into the red as we test either band, there is a good chance the price will fall through the bottom of the handle and test the $93.50ish resistance line which is just below the rim.
If you are in above price, I would set a stop around $96.75.
If you are looking to get in, I would wait and see if we can get another crack at $90.
SOXL Pennant Swing Trade BullSOXL has been forming a pretty well-defined Pennant and underlying fundamentals in the ETF are strong with a good tail wind.
Prediction:
- No bad world news, especially NK. (Manufacturing base in Seoul and throughout Japan). We break the upper band; $97 target.
- Bad world news, good buy in point >$90 as we bounce off the lower band, break upper band if the news is not continuously reported.
Break out soon $mu $amd $nvda $ intc mad cross bullish sign and hold strong with uptrend line. good time to buy the dip
