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	Comments on: SMH SOXL Trade Setup &#038; Entry	</title>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/smh-soxl-trade-setup-entry/#comment-2409</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Thu, 25 Aug 2016 18:20:21 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/smh-soxl-trade-setup-entry/#comment-2399&quot;&gt;kolya43&lt;/a&gt;.

kolya43- The approximate equivalent targets to SMH would be 35.64 &amp; 33.95 on SOXL although keep in that due to not only the potential for price decay due to the 3x leverage on SOXL but also the fact that it tracks a different semiconductor index than SMH, those SOXL targets are just rough estimates &amp; it would be prudent to book profits on an SOXL short if &amp; when the commensurate price target(s) that you are holding out for is hit on SMH. Comparable targets for SOXS are 21.40 &amp; 23.50.

&lt;!-- copy and paste. Modify height and width if desired. --&gt; &lt;a href=&quot;http://content.screencast.com/users/RightSideOfTheChart/folders/Default/media/3558b663-b8df-486e-81ea-d54991d34df6/SOXL%20daily%20Aug%2025th.png&quot; rel=&quot;nofollow&quot;&gt;&lt;img class=&quot;embeddedObject&quot; src=&quot;http://content.screencast.com/users/RightSideOfTheChart/folders/Default/media/3558b663-b8df-486e-81ea-d54991d34df6/SOXL%20daily%20Aug%2025th.png&quot; width=&quot;850&quot; height=&quot;609&quot; border=&quot;0&quot; /&gt;&lt;/a&gt;]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/smh-soxl-trade-setup-entry/#comment-2399">kolya43</a>.</p>
<p>kolya43- The approximate equivalent targets to SMH would be 35.64 &#038; 33.95 on SOXL although keep in that due to not only the potential for price decay due to the 3x leverage on SOXL but also the fact that it tracks a different semiconductor index than SMH, those SOXL targets are just rough estimates &#038; it would be prudent to book profits on an SOXL short if &#038; when the commensurate price target(s) that you are holding out for is hit on SMH. Comparable targets for SOXS are 21.40 &#038; 23.50.</p>
<p><!-- copy and paste. Modify height and width if desired. --> <a href="http://content.screencast.com/users/RightSideOfTheChart/folders/Default/media/3558b663-b8df-486e-81ea-d54991d34df6/SOXL%20daily%20Aug%2025th.png" rel="nofollow"><img class="embeddedObject" src="http://content.screencast.com/users/RightSideOfTheChart/folders/Default/media/3558b663-b8df-486e-81ea-d54991d34df6/SOXL%20daily%20Aug%2025th.png" width="850" height="609" border="0" /></a></p>
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		<title>
		By: dan123		</title>
		<link>https://rightsideofthechart.com/smh-soxl-trade-setup-entry/#comment-2407</link>

		<dc:creator><![CDATA[dan123]]></dc:creator>
		<pubDate>Thu, 25 Aug 2016 15:22:11 +0000</pubDate>
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					<description><![CDATA[Thanks Randy, great work as always]]></description>
			<content:encoded><![CDATA[<p>Thanks Randy, great work as always</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/smh-soxl-trade-setup-entry/#comment-2402</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Wed, 24 Aug 2016 19:46:09 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/smh-soxl-trade-setup-entry/#comment-2399&quot;&gt;kolya43&lt;/a&gt;.

kolya43- No problem. I&#039;ll post some comparable targets for SOXL at my earliest convenience although keep in mind that the reason I typically only post the chart of the 1x sector etfs along with listing price targets on that chart is due to the fact that the leveraged ETFs, especially the 3x&#039;s, don&#039;t track the index well over time, which creates a distortion in the charts (compare a 1 or 2 yr chart of GDX to NUGT &amp; you&#039;ll see what I mean).

Add to that the fact that SMH &amp; SOXL track two different semiconductor indexes plus the fact that different etfs may pay out dividends which also adjusts their prices. Therefore, I&#039;ll post some rough price targets for SOXL &amp; SOXS but the best thing to do is to close that position when SMH hits your preferred price target(s). You can either do that manually or if you are away from the computer, most brokers offer conditional order types that will allow you to sell (or buy-to-cover) on stock or etf when a specific condition is hit on another stock or etf, such as SMH reaching the first target.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/smh-soxl-trade-setup-entry/#comment-2399">kolya43</a>.</p>
<p>kolya43- No problem. I&#8217;ll post some comparable targets for SOXL at my earliest convenience although keep in mind that the reason I typically only post the chart of the 1x sector etfs along with listing price targets on that chart is due to the fact that the leveraged ETFs, especially the 3x&#8217;s, don&#8217;t track the index well over time, which creates a distortion in the charts (compare a 1 or 2 yr chart of GDX to NUGT &#038; you&#8217;ll see what I mean).</p>
<p>Add to that the fact that SMH &#038; SOXL track two different semiconductor indexes plus the fact that different etfs may pay out dividends which also adjusts their prices. Therefore, I&#8217;ll post some rough price targets for SOXL &#038; SOXS but the best thing to do is to close that position when SMH hits your preferred price target(s). You can either do that manually or if you are away from the computer, most brokers offer conditional order types that will allow you to sell (or buy-to-cover) on stock or etf when a specific condition is hit on another stock or etf, such as SMH reaching the first target.</p>
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		<title>
		By: kolya43		</title>
		<link>https://rightsideofthechart.com/smh-soxl-trade-setup-entry/#comment-2399</link>

		<dc:creator><![CDATA[kolya43]]></dc:creator>
		<pubDate>Wed, 24 Aug 2016 19:11:13 +0000</pubDate>
		<guid isPermaLink="false">http://rightsideofthechart.com/?p=172608#comment-2399</guid>

					<description><![CDATA[appreciate this....could you enter the equivalent targets and stop for SO:XL? thanks...]]></description>
			<content:encoded><![CDATA[<p>appreciate this&#8230;.could you enter the equivalent targets and stop for SO:XL? thanks&#8230;</p>
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