Direxion Daily Semiconductor Bear 3x Shares
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geez. long semis much?

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its been a hell of a couple weeks for the semiconductor stocks. weve blown through resistance with a vengence, and pretty much havent stopped for anything. the problem is the rest of the stock market hasnt responded with the same bullishness. just like i was in soxl coming off the top of the channel, im now in soxs coming off the bottom of the channel.
Ghi chú
this is just outlining where that former wave is and what similarities im expecting
ảnh chụp nhanh
sorry for the crude method
Ghi chú
take the regression use this trend line and trailing stop strategy right now im stopping loss at 24.49
Ghi chú
ảnh chụp nhanh
Ghi chú
so whats it gonna take to change my mind and believe in this breakout fundamentally? well i need to see the weekly rhs complete and follow through, but if you ask me about the base reasoning in specific equity im looking at replacement cost, and its relationship as a quotient to profit over assets. i want to know if this reinvestment in the space is paying off, or if it was too early.
ảnh chụp nhanh
if we get equillibrium were up in 2024, and if we get anything else were down.
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so im returning long if we close this 5 mins bullish or im staying out if we flip/signal indecision (nonevent maybe)
Ghi chú
nvda is up but the market and smh are down... just saying.
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im tired. im not dealing with this spread. im not enjoying the aftereffects of my trades. im not interested in picking a direction with this. im out completely until we calm down and pick a direction daily.
Ghi chú
so if you look at diluted outstanding (not available on tv) youll find the spike actually happened during the last pop of the bounce before the drop that led us here (around vertical line)
ảnh chụp nhanh
now we have another inflection point with the lens of that judgement through finding a delta cypher thats actually diverging bullishly again
im prepared for a huge drop in soxs if this underlying theme of rate of change drop coinciding with spot breakout, and that means soxl could do $44, and the interesting thing is we can revisit hourly oversold conditions or former resistance levels and still be quite bullish
Ghi chú
i think the best plan right now is follow the money long semis
ảnh chụp nhanh
Ghi chú
aiming 15 min bull to close
Ghi chú
targeting 15.87
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gonna wait for this to sort itself out for now im still tentatively long semis

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