How to Choose Bull π or Bear π» for the Direxion Daily Semiconductor Bull & Bear 3X Shares $Semiconductor Bull 3X Shares(SOXL)$$Semiconductors Bear 3X Shares(SOXS)$
ETF PROFILE & PURPOSE: The Direxion Daily Semiconductor Bull and Bear 3X Shares were started in 2010. They seek daily investment results, before fees and expenses, of 300%, or 300% of the opposite, of the performance of the ICE Semiconductor Sector Index(ICESEMI). The ICESEMI is a rules-based, modified float-adjusted market capitalization-weighted index that tracks the performance of the 30 largest US listed semiconductor companies.
ETF Expense Ratio: 0.90%, Gross Expense Ratio: 1.01% For more information about these ETFs, go to: https://www.direxion.com/product/daily-semiconductor-bull-bear-3x-etfsβ¨
How will I know if I should buy Bull π or Bear π» for a given day π€π?
(1) Add the Semiconductor Index BK4141 + + the top 10 index holdings to your watch-list in the same order (see photos below). I have added TSM, MRVL, & NXPI for additional tracking information purposes.
(2) Photos 1 & 2: If BK4141 is bullish, SOXL will be bullish & they will have the exact same graph trend. SOXS will have a inverse graph trend.
β‘οΈ Photo 1 is graph trend for 27/7 (14% increase π€©) while photo 2 is for 28/7 (3.42% increase)
(3) Photo 3: Look at the graph trends of the individual stocks + the percentage change. If the majority of the semiconductors stocks are showing an uptrend trend with big positive percentage changes then I will buy bull & vice-versa.
β‘οΈ As you can see from photos of 28/7/22, the individual stocks except 2 (Intel & QCOM) were moving in a gradual upward trend with 0.8%-2.45% increases.
π This post only covers how to tell if itβs Bull π or Bear π» for a given day. To understand how I decide when to sell & my step-by-step trading strategy for these 2 leveraged ETFs, click on the Snoopy icon to go to my homepage, & read for my July 21 & 22 posts:
βοΈ Part 1: Sharing my TQQQ/SQQQ Trading Strategy for Lower-Risk Returns
βοΈ Part 2: Sharing my TQQQ/SQQQ Trading Strategy When the Market is Volatile
βοΈ Part 3 {final} β‘οΈ Lessons I Learnt from Trading TQQQ/SQQQ
π«Please help to like my posts, appreciate it loads π€
β οΈNOTE: Use of leverage not only increases the gains, but it also increases the risks. Itβs not suitable for all investors & should be utilized only if one understands leverage risk, consequences of seeking daily leveraged/inverse leveraged, investment results. One also needs to actively monitor & manage the investment. Please research sufficiently before investingβΌοΈ
As usual-π€π Consider POV & Actions of investors + π©π»βπ»π¨π»βπ» Research + πFOMO & Greed = Investing Wisely π€π€ + Accumulating Wealth π΅π°
@Daily_Discussion(29/7) @TigerStars@CaptainTiger@MillionaireTiger
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.
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NICE GRAPHICS!
[Miser] [smile]