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Direxion Daily Semiconductor Bear 3x SharesDD

Direxion Daily Semiconductor Bear 3x Shares

6.48USDR
−0.29−4.28%
At close at Aug 13, 23:59 GMT
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SOXS trade ideas

OH NO! $SOXS is primed for a significant rise.The concept of a multiple bottom suggests that the stock has already experienced a significant decline, creating a buying opportunity at a lower price over time. Plus, Trump is coming= BYE semidocutor stocks! Stricter trade policies and tariffs on imported semiconductors could disrupt global supply chains, leading to higher costs and potential shortages. During his previous presidency, Trump focused on "America First" policies, which included promoting domestic manufacturing and reducing reliance on foreign supply chains Additionally, there were concerns about the potential mismanagement of federal initiatives like the CHIPS and Science Act, which aimed to boost domestic semiconductor manufacturing. AMEX:SOXL , NASDAQ:NVDA , NASDAQ:AMD , NASDAQ:AVGO , NASDAQ:QCOM : Sell now to take the profit. IT'S COMING
ALong
by sej4974
Finally happened. Semi’s getting creamed. Semiconductors and all the trappings are finally falling. The bubble has popped for the near term at least. LONG 3 days ago AMEX:SOXS is saving my portfolio🙏🏼👍 I’m using a 30 min chart with 10,50,200 sma’s. When the S&P drops below the 50 sma its time to short. NASDAQ:NVDA was range bound and had dropped below 50sma. Time to short. But NASDAQ:NVDA was leading the way to a reset for all the other Semi underlings. AMEX:SOXS the answer!!!!
ALong
by getyler55
1
SOXS – 30-Min Long Trade Setup !📌 🚀📈 🔹 Asset: SOXS (Direxion Daily Semiconductor Bear 3x Shares) 🔹 Timeframe: 30-Min Chart 🔹 Setup Type: Bullish Breakout Trade 📌 Trade Plan (Long Position) ✅ Entry Zone: Above 26.22 (Breakout Confirmation) ✅ Stop-Loss (SL): Below 25.22 (Invalidation Level) 🎯 Take Profit Targets: 📌 TP1: 27.20 (First Resistance Level) 📌 TP2: 28.48 (Extended Bullish Move) 📊 Risk-Reward Ratio Calculation 📉 Risk (SL Distance): 26.22 - 25.22 = 1.00 risk per unit 📈 Reward to TP1: 27.20 - 26.22 = 0.98 (1:0.98 R/R) 📈 Reward to TP2: 28.48 - 26.22 = 2.26 (1:2.26 R/R) 🔍 Technical Analysis & Strategy 📌 Bullish Breakout Formation: Price is breaking out from a descending trendline, confirming strength. 📌 Support Confirmation: Strong support at 25.22, acting as a demand zone. 📌 Volume Confirmation Needed: Ensure strong buying volume above 26.22 for momentum. 📌 Momentum Shift Expected: Staying above 26.22 could push price to 27.20 and further to 28.48. 📊 Key Resistance & Support Levels 🟢 28.48 – Final Target / TP2 🔴 27.20 – First Resistance / TP1 🟡 26.22 – Breakout Level / Long Entry ⚪ 25.22 – Stop-Loss / Support Level 📉 Trade Execution & Risk Management 📊 Volume Confirmation: Look for strong bullish volume above 26.22 before entering. 📉 Trailing Stop Strategy: Move SL to entry (26.22) after TP1 (27.20) is hit. 💰 Partial Profit Booking Strategy: ✔ Take 50% profits at 27.20, let the rest run toward 28.48. ✔ Adjust Stop-Loss to Break-even (26.22) after TP1 is hit. ⚠️ Fake Breakout Risk ❌ If price drops below 26.22 after breakout, exit early to limit losses. ❌ Wait for strong bullish candle close before entering aggressively. 🚀 Final Thoughts ✔ Bullish Setup – Breakout above 26.22 signals upside potential. ✔ Momentum Shift Possible – Watch for volume confirmation. ✔ Risk-Reward Ratio – Favorable 1:2.26 R/R to TP2. 💡 Stick to the plan, manage risk, and trade smart! 📈🔥 🔗 Hashtags for Reach & Engagement: #StockMarket 📈 #SOXS 📊 #TradingNews 📰 #MarketUpdate 🔥 #Investing 💰 #LongTrade 🚀 #Finance 💵 #ProfittoPath 🏆 #SwingTrading 🔄 #DayTrading ⚡ #TechnicalAnalysis 📉 #StockSignals 📊 #FinancialFreedom 💡 #MarketTrends 📊 #StockAlerts 🔔 #TradeSmart 🤓 #Bullish 📈 #RiskManagement ⚠️ #TradingCommunity 🤝 #SmartTrading 💰 #MarketAnalysis 📊 #TrendBreakout 🚀
ALong
by ProfittoPath
SOXS Stock Chart Fibonacci Analysis 110923 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 10.9/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
A
by fibonacci6180
1
SOXS WEEK OF 11/18/24SOXS WEEK OF 11/18/24 To maintain simplicity, once the price moves beyond the WHITE range, monitor for a potential retest of the breached level. Be prepared to initiate long or short positions targeting the YELLOW ranges. While prices may surpass the YELLOW range targets, these levels provide a robust framework for securing profits. 🎯🫡 *These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
A
by J3Trad3s
SOXS WEEK 11/11/24SOXS WEEK 11/11/24 Trying to keep this as simple as possible. Once price breaks outside of the Blue range, watch for possible retest of broken level and be ready to long or short into the YELLOW ranges. Price may exceed YELLOW range targets, but it’s at least a strong help to make profit 🎯🫡. *LEVELS ARE NOT RANDOM OR BASED OFF EMOTION OR PERSONAL BIAS. BACKTESTED WITH THOROUGH RESEARCH WITH OVER 90% ACCURACY....HENCE WHY MOVE WILL MOST LIKELY BE GREATER THAN ESTIMATED.*
A
by J3Trad3s
Why Bear Shares are NOT InvestmentsPrice of SOXS since inception. Price in 2012 is not a typo. Adjusted for reverse splits, shares declined from $11.1m to $3. Eleven million, one-hundred thousand dollars became three dollars in twelve years. Bear etf funds do not contain equities. They consist entirely of futures contracts, which suffer time decay and expire. This is the effect of time decay on short sale of futures in a rising market. Can you make money on SOXS? Sure, if you buy it the day before a crash. Good luck with that! Other lousy ETFs include UVXY, SPXS, TZA, SDOW, SQQQ. But Sawbucks, just last month you posted you were buying some of those?! Yes, you buy them when market is extreme overbought condition and hold for no more than a week. One day is often long enough. These are NOT investments, they are purely speculative high-risk instruments. After just a week in these etfs you can notice the time decay, you will see index return to a price it held last week, but the bear fund will be a nickel or even a dime less than it was at the same price. DO NOT HOLD LONG-TERM!!
AEducation
by DaddySawbucks
16
Trend Reversal Illumination = Count Time Of The Move !In determining when an uptrend or downtrend might exhaust/end it is quite useful "to count" the cumulative total of up/down bars in a uptrend/ downtrend. In this example, using a 15 minute intra-day chart on SOXS, for 5/28/24, one can count "16" down bars on day. However after 145 pm Eastern, in just 4 bars, and in only 25 % of the time, SOXS has regained important price support of 25, and more, with a KST Buy Signal to Confirm ! Conclusion. The faster price moves, the greater the importance to a meaningful "trend reversal" THE_UNWIND Woods Of Connecticut
ALong
by The_Unwind
SOXS Stock Chart Fibonacci Analysis 042924Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 36.6/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
A
by fibonacci6180
Bearish Hedging Strategy LONG inverse ETFsThe idea is shown on this 120 minute. With the new sticky inflation data, the writing is on the wall. Likely the rate cut will be kicked down the time road. When is in consideration may be a rate hike in the meanwhile. Mortgage rates unchanged makes the banks suffer. Loan applications are down. Treasuries are being affected. So are tech stocks that have a growth perspective as a fundamental basis for anticipated futures growth propelling share price. This hedging idea is a way to survive or even thrive in a chaotic and volatile market environment and a means to treat an overload of bullish bias with an antidote of sorts.
ALong
by AwesomeAvani
Short The Nvidia/Semiconductor Bubble With SOXSIf you believe like I do that the Nvidia stock market bubble is road kill, just waiting for the "fatal overvaluation accident" to trigger, then buy SOXS, the Direxion's 3 X Short ETF on the Philadelphia Semiconductor Index NASDAQ:SOX Closing at 3.10 on March 12,2024 prior to any potential reverse split on the horizon, my proprietary chart analysis projects SOXS could rise to 12 by the fall, a 400 % return from todays closing price level. Caution. This is a highly speculative short bet, on a potential collapse of the massive stock market bubble brewing in artificial intelligence stocks in 2024. 4 Hour Institutional Chart on SOXS shows a Bullish KST Crossover brewing. THE_UNWIND WOODS OF CONNECTICUT
ALong
by The_Unwind
1
SOXS goes LONG Inversing SOXL SOXS on the 30-minute chart has reversed from a trend down to an early uptrend. This is confirmed by a variety of indicators including the ATR/ U BOT indicator reset to a period of 4, the relative volume indicator showing buying volume spikes instead of selling spikes, as well as the squeeze indicator changes from a green negative histogram to a positive one. Many semi conductor stocks have had major price runs upside. The time has come to watch them for reversals. I will close my SOXL position in favor of a new long trade in SOXS.
ALong
by AwesomeAvani
2