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Semis

SOXS - Accumulation remains the Trade PlanSemiconductors continue to see large Geopolitical Risks building. American Consumers have purchased their Fill. Computers, White Goods, Autos.... etal. Q3 EPS will be disappointing - EPS, Guidance, Demand. Shortages and the inherent risk have not been priced in as this event remains in waiting. VXM is squatting on Lows once again... sideways to down is our Indication. AAPL MSFT GOOG NVDA FB - will attempt another Gamma Squeeze. The State of the Semi shortage is being grossly understated.
AMEX:SOXSLong
by HK_L61
17
NQ - Range for Friday 14976 will be important Level for OPEXWe are Neutral for Today, VX during Roll should continue to come under pressure. Should the VX break 16.90 we could see a quick flush down to ~16.50s. Ahead of Jackson Hole, there will be an effort to continue the Trend - which remains Bullish for now. We anticipate a blow off ahead of VX roll. The FED has a high probability of announcing tightening in varying forms - even as the Commodities Complex is coming under duress - Lumber was off 7% yesterday. Gamma for AAPL will play an important role for the large number of Calls purchased when AAPL was trading 141s. Bonds are pulling back ZN/ZB selloffs will provide a tailwind to Equities as will NQ Bank. Opening Breadth on Friday's usually provides a solid trend, Friday's are generally NOT a consolidation. Bias is to Upside for Index Complex.16.68 and then 16.49. The VX is presently trading -2.57% with the VX Curve in a well defined Contango. 15045.90 is the upper Limit should 14,976 be broken. 14.672.80 is the lower Limit for Today unless it breaks - 14,540.75 would be lower Support. NQ may well trade this entire range over the coming week into VX Settlement. VXN will provide guidance as Support remains 19.15
CME_MINI:NQ1!
by HK_L61
4
3x ETF SOXL vs other 1x semi ETFs over various time horizonsI compare SOXL returns with SOXX, SMH, and PSI, all ETFs in the semiconductor space. CONCLUSIONS AND FINDINGS: YTD 2021 SOXL has not provided any net benefit over it's peers. And if you use stop loss orders you've probably lost money on it due to its extreme volatility. Smaller quant ETF fund PSI is the better performer on most/all time horizons YTD or more recent, especially from a risk/reward perspective. Only when comparing SOXL against the others on a time horizon of 1 yr or longer does SOXL outperform it's peers. Importantly however, charts mimic real life only to the extent we make the purchase the entire position at once and don't touch it over the entire time frame. But this is not what most traders do. Thus, I recommend holding SOXL only if you're going to buy it and not set any stop loss orders, touch it, trade it, or even look at it for a year or more. But you probably can't handle that. I can't either. Thus the better, more realistic strategy for most traders is to get PSI or one of the other primary ETFs covering this space.
NASDAQ:SMHEducation
by theagileagent