View Full Version : SOXL - Semiconductors
tsptalk
09-07-2012, 12:22 PM
Today's pullback in the $SOX (semiconductors) looks like a good opportunity to buy the semis
I'm not crazy about the large head & shoulders, but the bull flag and strong support below makes it look like a good risk reward. I bought some SOXL @ 31.23 this morning. It's a 3X ETF. A stop would be below the 50-day EMA right now.
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Birchtree
09-07-2012, 12:32 PM
Everywhere one looks there are golden crosses - I'm getting giddy.
tsptalk
09-18-2012, 11:01 AM
Today's pullback in the $SOX (semiconductors) looks like a good opportunity to buy the semis
I'm not crazy about the large head & shoulders, but the bull flag and strong support below makes it look like a good risk reward. I bought some SOXL @ 31.23 this morning. It's a 3X ETF. A stop would be below the 50-day EMA right now.
After being up near $34 a couple of days ago, I moved my stop to break even, and I was stopped out this morning @ 31.25. Rats! Decent gain lost.
Jackbnimble
10-19-2012, 11:40 AM
Looks like a good stop after a day like today Tom! Thanks for your insight, I read it way more often than I post.
Bullitt
10-19-2012, 06:04 PM
Good move getting out when you did. Support at 21. Not looking good for a leading indicator.
FWIW, I follow 8-10 SOXL companies for insider transactions and it's been ugly the past 2 months. Nothing but outflows.
Bullitt
07-29-2021, 12:09 PM
Watching Semi's for a breakout to the upside. This index is a market leader. Numbers have been great, and demand for chips is immense.
Reverse H&S with possible upside to 55-60.
50108
Bullitt
08-03-2021, 05:57 PM
SMH has broken out to the upside. Bullish implications for entire market.
tsptalk
08-04-2021, 12:22 AM
But there could be some short term digesting first, like we saw at other breakouts...
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