$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Market has been setting new record highs and as a consequence XS suffered some but XL also never came close to making new highs.

AI (hype or not) still seems to have longer life to play out but another big chuck of the chip sector seems to have topped out.

It’s been best to do short terms flips on this pair rather than blindly and buy and hold for months.

I just don’t see catalyst for either one to make several months long run in one direction, so it might be more profitable to play the put options when either one spikes big for few days.[Facepalm][Facepalm][Facepalm]

# Semiconductor Companies & Industry DIG

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.

Report

Comment

  • Top
  • Latest
empty
No comments yet