Posts

Showing posts from October 22, 2023

Weekly Analysis and Outlook Report: SOXS - Direxion Daily Semiconductor Bear 3X ETF.

Image
Overview: The Direxion Daily Semiconductor Bear 3X ETF (SOXS) has displayed a consistent pattern of alternating between bullish and corrective trends over the past 10 weeks, resulting in a cumulative gain of 12.1%. After a recent period of correction lasting three weeks, the ETF appears poised to resume its upward trajectory, potentially experiencing strong gains over the next 1-2 weeks. While a corrective phase might occur in early to mid-November, a return to an upward trend is anticipated by the end of November. Current Trend and Investment Strategy: The current trend suggests a bullish phase is underway, making it opportune for medium to long-term investments. The ETF is expected to target $17 in the next 10 weeks, indicating a potential 40% increase from the current price. However, this target is subject to change based on the evolving market conditions. Given that SOXS moves inversely to the broader market (correlation at 23%), it appears relatively insulated from the overall m

Popular Posts

= Pretiming Premium =

S&P 500 Investment Strategy: Navigating Bullish Trends with Buy-and-Hold and Short-Term Profit Tactics.

SOXL. Navigating the Bearish Zone: Strategies for Short-Term Trading in a Volatile Market.

MARA. The current trend appears to be 'Downtrend and The trend is progressing in the Bearish zone. The characteristics of the trend are: Continuous decline (standby) - (High selling pressure).

SMTC. Investors should take note of the bearish trend in SMTC stock, currently in a 'Sell and Observe' phase for the long-term strategy.

NASDAQ. Navigating Market Dynamics: Analyzing Bearish Trends and Strategic Rebound Approaches

NVDA. Weekly trend is undergoing a 'correction entry'/'correction trend', while the daily trend is progressing within the Bullish zone, hence the potential buying strength is gradually weakening or temporarily strong.

AAPL. The weekly trend for AAPL appears to be in a bearish zone, with a downward trajectory underway. However, there are indications of a short-term entry into a rebound trend.

BLNK. Currently, it's in the midst of a correction trend in a downward-trending market with a box pattern of price fluctuations, marked by small increases and downward fluctuations.

S&P500. Comprehensive Analysis and Strategies for S&P 500 Investment.