How to Choose Bull 🐂 or Bear 🐻 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-etfs
How will I know if I should buy Bull 🐂 or Bear 🐻 for a given day 🤔💭? (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. ➡️ Photo 1 is graph trend for 27/7 (14% increase 🤩) 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. ➡️ 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. 📝 This post only covers how to tell if it’s Bull 🐂 or Bear 🐻 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: ⭐️ Part 1: Sharing my TQQQ/SQQQ Trading Strategy for Lower-Risk Returns ⭐️ Part 2: Sharing my TQQQ/SQQQ Trading Strategy When the Market is Volatile ⭐️ Part 3 {final} ➡️ Lessons I Learnt from Trading TQQQ/SQQQ 💫Please help to like my posts, appreciate it loads 🤗 ⚠️NOTE: Use of leverage not only increases the gains, but it also increases the risks. It’s 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 investing‼️ As usual-🤔💭 Consider POV & Actions of investors + 👩🏻💻👨🏻💻 Research + 🗑FOMO & Greed = Investing Wisely 🤓🤗 + Accumulating Wealth 💵💰 @Daily_Discussion(29/7) @TigerStars@CaptainTiger@MillionaireTiger