$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ 140.65SOXX is down 13.68 to 559, off 2.4%, while QQQ is only down 0.94%. That is a pretty extreme divergence considering QQQ hasn't even dropped 1%. We have seen this kind of action before though, and overnight markets can do some strange things. If SOXX slips to 555 or all the way back to 550 on this light volume, I will buy some. Otherwise, I am just going to wait.
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.
