- Rank: 57
- Followers: 8
- Votes: 95
- Years Member: 18
- Last Update: 24 February 2020, 10:24
Yearly High-Low analysis. This ETF is up 232% in 2019. The next year low is around $200.
Sept 4: Bought @157.
Nov 4: Sold @222.
Nov 14: Bought back @224.
Dec 11: Bought @228.
Dec 12: Sold @247: too early, but it always comes back.
Dec 16: Bought small position of SOXS @22 (short inverse ETF) while SOXL was $264.
Dec 25: Perhaps selling will not start until the 1st quarter of 2020 to avoid 2019 capital gain taxes.
Jan 2: Daily BUY signal (chart 08). Reentering SOXS @283 while retaining a small position in SOXS. When you end a year near its high, some momentum will carry over to the next year. At some point in the 1st quarter, we may go down very hard.
Jan 7: Sold @284 due to the Daily stop chart 08 and added to SOXS position @20.
Jan 9: Re-entered SOXL. Daily SAR signal reversed its direction 4 times in 8 days, which is rare: a lot of volatility. 3 false signals in a row make the 4th one much more probable, just based on odds. So I expect another 15% upside. This ETF is a rocket and the growth may be, in fact, exponential. I was too careful last year closing positions too soon, trying to preserve money which I more than doubled and missing on buy and hold the opportunity to make even more. Oh well, I can%27t complain and we have to be careful because the downfall of this 3x leveraged ETF would be ugly. When I look at many charts like chart 13, I can see that a major correction is very possible.
Jan 24: sold today at market open @329. It looks like an exhaustion gap and some type of mid-term top.
Jan 27: today both Daily and Weekly SELL signals triggered by the Parabolic SAR indicator (charts 5 and 8). Perhaps this is a mid-term correction. SOXL has already corrected 60 points just in 2 days!
Jan 31: What a day! My SOXS short position actually went up 21% this week: wild ride. See my chart #17 for the S&P forecast.
Feb 14: Daily SAR buy signal is triggered a couple of days ago. The weekly signal is still in SELL mode.
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