Judyjudejack
2023-08-16
$Semiconductor Bull 3X Shares(SOXL)$ 

China is in a recession pit. This will hurt all imports coming into China- the second biggest purchasing economy.

That said, all prices are lowered and domestic consumption will be preferred and at an all time high as prices are reduced greatly. Exports coming from China will be attractive for the rest of world due to lowered prices and lower interest rates.

22nd August is just around the corner and many countries have stocked up on real solid gold in their coffers.

Seems like US tech will be fumbling with lots of complexities in this climate. Impending rdoom is imminent. SOXL will continue to slide back down to the tens of dollars per share soon.

Michael Burry has "put" his bets against the S&P and QQQ. The last time we saw something of this scale, was the 2008 crisis. Perhaps there is a sequel to the Big Short- The Big Put.


Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • zinglee
    2023-08-25
    zinglee

    The upgrade is for next wave of NVDA moving up. Market sell off today because of Jackson Hole Fed meeting, once the meeting is over, Semi and Gold will shine again.

  • vippy
    2023-08-25
    vippy

    after the fed raises interest rates tomorrow and the market gets pummeled , soxl doubles in a month from tomorrow. soxl so oversold. basing this on wm%r chart on weekly 2 year chart when soxl was this oversold before.

  • cheerzy
    2023-08-25
    cheerzy

    Whether will have follow through or not who knows but should give long investors some added confidence AI and semis are here to stay for a long time to come.

  • bubblyx
    2023-08-25
    bubblyx

    I think what we are seeing is everyone realizing why invest in other chip companies when NVDA is the clear winner. Is there a 3x bull NVDA stock lol

  • nimbly
    2023-08-25
    nimbly

    Gotta admit, I wish I was trading SOXL more aggressively (long & short). On a 1-3 day basis instead of a 2-4 week cycle. Big ranges every day.

  • wigglyz
    2023-08-25
    wigglyz

    Well NVDA is only stock still up. This same thing happened to AMD. They blew the numbers out and next day market sold off and they closed down.

Leave a comment
7