Good morning, traders. Happy Monday, November 18th. You will not make it through the day without news about the animal spirits moving the market today.
My name is Kevin Travers, and the S&P 500 climbed on Monday, but key stocks were pulling down the Dow.
$Super Micro Computer (SMCI.US)$ was the highest climbing stock on the S&P 500, up 11% after a rumor Friday that the firm might file a plan to file their still dela...

$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ In the past two trading days, each had a long lower shadow and upper shadow, known as block orders in technical analysis, generally considered to be the result of main funds washing the pot, also known as boosting.I do not engage in short-term trading personally, so I do not pay attention to technical analysis, let's just consider it as giving myself some hope.

You can have ideas, you can have opinions, be bullish or bearish, but don't blindly chase after trends or short sell recklessly. Don't keep holding onto SOXS or SOXL without letting go. Imagine you're grilling fish, when it's time to flip the fish, you should flip it, otherwise the fish will burn; at least when the fish is about to burn, you should remove it from the heat. Playing long or short ETF with triple leverage is like this, otherwise you will end up being eaten up by losses.
Using9/27Take the closing price as an example, because within a month, SOX has experienced many ups and downs: (without any dividends in between)
SOX9/275217.23,10/275212.83, the two are only different by -0.08%.
However, within this month, the changes in SOXS and SOXL are significantly different.
SOXL9/2737.66,10/2735.28,A difference of -2.38 yuan between the two, with a loss of 6.32%.
etf9/2719.70,10/2720.18, the difference between two is 0.48 yuan, 2.43%.
Now it's short selling, not going long, so losses are beneficial to the bears. If the short-term trend is bullish, then losses will be the opposite. SOXS and SOXL can only be held in one trend, sell at high points, buy back at low points, repeat this simple process, money will keep coming in.
I will decide whether to go long on the daily line next Monday based on the closing price.
The article retains many bearish arguments, currently holding SOXS position.
$PHLX Semiconductor Index (.SOX.US)$ $Direxion Daily Semiconductor Bear 3x Shares ETF (SOXS.US)$ $Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ $VanEck Semiconductor ETF (SMH.US)$ $iShares Semiconductor ETF (SOXX.US)$ $Invesco QQQ Trust (QQQ.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$

$Direxion Daily FTSE China Bear 3X Shares ETF (YANG.US)$ we are winner they don't have useful strategies to attract more money in stock market.