How I find Bullish trend for TQQQ, SOXL and SOXX [Data collected up to 04 June]
I have done a simple chart for $Nasdaq100 Bull 3X ETF(TQQQ)$ $Semiconductor Bull 3X Shares(SOXL)$ and $iShares Semiconductor ETF(SOXX)$ using simple programming to see the Bull and Bear trends with SMA50 and SMA200.
This is the data that I have fetched and use over 600 trading days.
Nasdaq 100 Bull 3X ETF (TQQQ)
If we look at the trading over 600 days, we will notice that once TQQQ begin its Bull rally and when that rally start to fade, it will turn to Bear and have not returned until recently.
Actually we can see the pattern pretty clearly by observing the SMA50 and SMA200.
If TQQQ is above both SMA50 and SMA200, it shall stay pretty well in Bull trend.
But once we see decline but still above SMA200, it will not be long for it to begin its Bear trend.
We are not in a perfect Bull trend as it should be just beginning.
I will monitor and watch how the market shall react to the recent news and events. It should be positive enough to gather a rally.
Semiconductor Bull 3X Shares(SOXL)
Similar observation for SOXL, it begin its changeover to Bear trend once the price start to move below SMA50 but stay above SMA200.
Do notice that there might be Bull trend even though when price is below both SMA50 and SMA200, it is an indication that it will go into Bear trend very soon.
SOXL also begin the new Bull trend similar to TQQQ and it is not very strong. It is still trending very near SMA50 and SMA200.
Do monitor SOXL as it has begin a breakout of SMA50, but we have to see if it can last.
I will update again every week.
iShares Semiconductor ETF (SOXX)
Similar observation for SOXX, it begin its changeover to Bear trend once the price start to move below SMA50 but stay above SMA200.
Once it starts to go below SMA200, then we will see SOXX experiencing a Bear trend for a long time, until around 100 days ago, which is better than TQQQ.
SOXX begin the new BULL trend much earlier, but something to note is that it was very near SMA50, but a recent gap up should indicate that it should stay well in the Bull trend.
Summary
These 3 ETFs have been experiencing Bear trend for quite some time, but it is a good thing that Bull trend can be seen now.
The Bull trend appearing could be due to the A.I. boom and the Big Tech stocks rally happening over the last few weeks and months.
I find that it is good to know if a particular stocks or ETFs is experiencing a Bull or Bear trend, this can help us to work out our trading plan whether to include or focus.
But do monitor closely the trend as they can change pretty quickly if there is any negative events or news.
Appreciate if you could share your thoughts in the comment section whether you think knowing the trend of a stock would be useful for you?
@TigerStars @Daily_Discussion appreciate if you could feature this article so that fellow tiger would benefit from my investing and trading thoughts.
Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.
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in fact the bull run in tech from March 2009 to November 2021 was an anomaly, the longest bull market in US history. The qqq rose from $20 to $409
The same situation other sector did not improve or gain so much . Only qqq or tqqq get the most. Why? It shows that once the financial situation is permitted science and technology produce more magic than other area.....
looks like a market rotation underway. investors getting out of tech at highs and allocating to energy. we'll see how long this lasts.
If you put 1 shares of TQQQ and keep it for 40 years, how much will you get?
The past 10 years , the average yearly return is 38 pc.
the average historical market average annual return is slightly under ten percent
and while the QQQ does not, the TQQQ suffers from decay
The market has already been back to a bull market. Those bears have no room to live.
Support QQQ and tech stocks anyway! Go go up!
Bearish rsi and bearish macd divergence on the QQQ chart.
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Great ariticle, would you like to share it?