Everywhere one looks there are golden crosses - I'm getting giddy.
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.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Everywhere one looks there are golden crosses - I'm getting giddy.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Looks like a good stop after a day like today Tom! Thanks for your insight, I read it way more often than I post.
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.
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.
soxl4.png
SMH has broken out to the upside. Bullish implications for entire market.
But there could be some short term digesting first, like we saw at other breakouts...
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
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