I've clearly stated my expectation for a correction in the semis recently & just wanted to share some thoughts on how to position for a correction in the semis, for those that share my outlook for the sector. In doing so, I also wanted to address the advantages & disadvantages of trading leverage ETFs in [...]
This video is provides a brief (under 12 minutes) overview of the key technical levels, developments & prices targets for the stock market via SPY, QQQ & IWM as well as some of the sectors that stand out as attractive trading opportunities at this time.
The SOXL (3x bullish semiconductor ETF) has hit the final target. Details & updated chart to follow. Please be aware that I have numerous positions across several accounts that I am activity trading today, covering shorts & taking new longs. As such, I can't update each trade as a target is hit but will do [...]