$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$well this is exciting. just had an alert go off and we see this basket back up to $30 up 67 cents.. what this means is these stocks these chip stocks are under accumulation again.. I mentioned it earlier in the week I said so puts it's free money it's easy money I said I see $34 by Christmas time you can go back and see that and reference it. smart money does not get on TV and tell you by the stocks now typically they get on to tell you something when they have already accumulated the bulk of their position and they're trying to get another leg up so they can start to capture a profit at your expense. they're not on TV to earn their angel wings they're there to make money for themselves and their clients if you happen to be on the right track at the right time great if not so be it.
do you want to buy here when it's up 67 cents at 30 that's for you to decide because if you bought yesterday on the Gap up you lost it traded down and you were able to get it at a lower price throughout the day and that may be the same thing that happens today..
obviously with Thanksgiving by tomorrow at noon all of the rich people are going to be at the Hamptons hobsnobbing it up in there 5 10 20 million dollar mansions. the volume is going to slow down most of the stocks will be pretty much flatlined because of Thanksgiving and even the day after Friday tends to be a light day so I don't necessarily expect too much huge price deviation once we get past tomorrow midday noon.. but when we come back the following Monday we should have a nice Santa Claus rally carrying us through the end of the year hopefully
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151404867
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the rally will be until mid dec in my view, I think the broadcom eranings is playing up here, someone knows about Broadcom earnings and hence this rise.
10baggerbamm
OP151404867
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and that may be the case but the general rule is... when stocks rise on earnings shortfalls any part of it their revenues miss their earnings miss their guidance falls short.. and yet stocks rally.... that is the sign of a bottom.
10baggerbamm
OP151404867
:
within any sector you have lead companies the 800 lb gorilla in their respective industry. and every sector regardless of how bad it is at some point in time becomes oversold and the lead companies begin to trend higher despite not having any positive outlook or any good news. so you can divide the economy up into dozens of different sectors and there's many ETFs that owns specific sectors. and you can look at them relative to how that sector does coming into economic growth at a peak of economic growth going into a potential recession. and you will see history repeats itself over and over again. and that's why everyone's buying small caps now because interest rates are going lower and typically they benefit from lower rates. small caps as a group have not had earnings growth in 4 years it's been declining all that's happening right now is a multiple expansion because of the anticipation of lower rates. chip stocks have been kicked to the curb they have done shit since August 11th they're way down. as a group these companies are the most profitable of virtually any sector they have little to no debt as a company group and are the reason that virtually every other sector benefits from technology because of what they manufacture what they create. so right now you've got people buying these stocks because they're oversold. despite what Trump may or may not do with tariffs despite what the doj with the current administration does for limiting sales to China this baskets trending higher
151404867 : the rally will be until mid dec in my view, I think the broadcom eranings is playing up here, someone knows about Broadcom earnings and hence this rise.
10baggerbamm OP 151404867 : and that may be the case but the general rule is...
when stocks rise on earnings shortfalls any part of it their revenues miss their earnings miss their guidance falls short.. and yet stocks rally.... that is the sign of a bottom.
151404867 10baggerbamm OP : so what stock you are referring here, pls give an exampld so that i can understand what you are saying.
10baggerbamm OP 151404867 : within any sector you have lead companies the 800 lb gorilla in their respective industry. and every sector regardless of how bad it is at some point in time becomes oversold and the lead companies begin to trend higher despite not having any positive outlook or any good news. so you can divide the economy up into dozens of different sectors and there's many ETFs that owns specific sectors. and you can look at them relative to how that sector does coming into economic growth at a peak of economic growth going into a potential recession. and you will see history repeats itself over and over again. and that's why everyone's buying small caps now because interest rates are going lower and typically they benefit from lower rates. small caps as a group have not had earnings growth in 4 years it's been declining all that's happening right now is a multiple expansion because of the anticipation of lower rates. chip stocks have been kicked to the curb they have done shit since August 11th they're way down. as a group these companies are the most profitable of virtually any sector they have little to no debt as a company group and are the reason that virtually every other sector benefits from technology because of what they manufacture what they create. so right now you've got people buying these stocks because they're oversold. despite what Trump may or may not do with tariffs despite what the doj with the current administration does for limiting sales to China this baskets trending higher
151404867 : Within an hour its down to 28.50 from 30+, while AVGO, NVDA are +ve . This ETF business is beyond me honestly. NasDAQ is up as well.