SOXL Semiconductors x3 ETF LONG - Earnings rally starts: ~%30..!JAN. Earnings rally is starting off with INTC.
Semiconductors are expected to beat estimated earnings.
Good R:R, keep your SL tight.
SOXL
SOXL, Inverted Cup and Handle An Inverted Cup and Handle pattern appears to be forming. The RSI is almost dead even, and we are in a squeeze coming off of the short upward momentum of the handle. If that squeeze releases into the red as we test either band, there is a good chance the price will fall through the bottom of the handle and test the $93.50ish resistance line which is just below the rim.
If you are in above price, I would set a stop around $96.75.
If you are looking to get in, I would wait and see if we can get another crack at $90.
Nvidia (update) ShortThe pattern is clear. Don't try to buy in and hope it will go up. Wait for the patter to settle.
Short NvidiaThe rule of gaps is that they get filled almost 93% of the time. Plus with all the geopolitical issues and it's over valuation I believe there's going to be big drop in this stock in the coming days.
Looking for a Better Entry PointShikou span has crashed into the price at the $164.00 line.
The Senkou spans of the cloud are starting to tighten.
The squeeze indicator is on with slight downward pressure.
Vol is a trending slightly lower.
Bulls feel very complacent at the moment, and the stock could stray under its lower trend line and hit the cloud.
Next day or two will be choppy. True Bear vs Bull.
Still think SOX is due a decent pullbackCould continue higher short term, but I think Friday was a precursor
