Comments on: SOXX & SOXS Swing Trade Idea

By: rsotc

rsotc — Wed, 24 Oct 2018 15:52:59 +0000

In reply to weatherman. G-luck!

By: rsotc

rsotc — Wed, 24 Oct 2018 15:52:09 +0000

In reply to hodl4lyfe. If you agree with my analysis & the setup, you could always short SOXS or one of the other semi etfs (SMH or XSD). Some brokers will even allow commission-free trades on certain ETF families that they have partnered up with.

By: rsotc

rsotc — Wed, 24 Oct 2018 15:50:47 +0000

In reply to jdgpro57. Best of luck on those trades. Still looking good for now but we might have a better idea of where the market is headed by the end of the week after the slew of big earnings reports & again next week after AAPL reports. As of now, the markets are still in a very precarious technical posture & could go either way but I still favor the next 10%+ move to be to the downside before the upside.

By: rsotc

rsotc — Tue, 23 Oct 2018 15:28:21 +0000

Any bounce back to the 165-166 area will also provide an objective short entry but probably best to add only up to 166 & not above unless SOXX moves back down below 165 and/or closes below that level.

By: BIGBADWOLF

BIGBADWOLF — Tue, 23 Oct 2018 15:27:54 +0000

On a breakdown today, beware of a trap.

By: hodl4lyfe

hodl4lyfe — Tue, 23 Oct 2018 15:11:56 +0000

chase :( won’t let me go in ultra bear bull etns. good luck ya … the options are priced like SOXS is about to have earnings next week lol

By: jdgpro57

jdgpro57 — Tue, 23 Oct 2018 14:35:23 +0000

Thanks for the heads up Randy. I did short SP500 and NASDAQ last week in the middle of their bear flags. I don’t post much here, but look at your analysis daily.

By: weatherman

weatherman — Tue, 23 Oct 2018 14:29:53 +0000

In reply to nswenson520. I got in too, not as many shares as you, but at $13.94

By: nswenson520

nswenson520 — Tue, 23 Oct 2018 14:17:45 +0000

13.97 entry for me as well. I actually have my stop at 13.97. I’ll re-enter if I get stopped out. Have a good sized position at 1000 shares.