At this point, the main issue with $Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ seems to be greed. It looks like a good instrument to take advantage of an unhealthy market environment, but I think expectations need to be kept in check. It could potentially bring 5x, but I'd be satisfied with 3x and would sell all. At key resistance points, the index tends to bounce back sharply, which could erase all the gains from SOXS. So when it reaches the $13-15 range, I'm done. I'd then move everything to gold and wait for 18-24 months before starting to accumulate stocks like Adobe, Microsoft, and AMD.
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