SOXL Semiconductor 3 X Bull ETF Potential Move Up to 200

2018年8月29日

SOXL, Direction's Triple Bull Semiconductor ETF,
has formed what appears to be a powerful V bottom pattern formation
during the month of August with the chart pattern clearly showing
a bullish breakout above 170.50, from the recent low below 139,
would project the ETF back towards it's all time high at the 200 price area.

Semiconductor stocks are a market leading industry group have lead the recent sharp rally,
and a bullish breakout would certainly be a bullish continuation signal for the market.

I would use this ETF as a Bullish Hedge, against further advances in the market this fall.
STOP is at 138.00, 30 points away, so size position accordingly.

THE_UNWIND

2018年8月29日

註釋

Bullish Hedge, as stated in my post. Please note.
Hedged by short position on SOXS, 3 X Short Semiconductor ETF

I often hedge a long and short position in my trading account,
when I am not sure of the pending next major move in market direction.

I also do this also as to not be 100% exposed, long/or short side
if I am wrong in the market direction breakout.

THE_UNWIND

2018年8月30日

註釋

Hedge Trade Cancelled.

Sell SOXL 165.18 CL. 8/30/18

Buy SOXS 9.37 CL 8/30/18

2018年9月7日

註釋

Update on Hedge :

Closed Long Trade SOXL at 160

Added to Short SOXS Unhedged