- Rank: 59
- Followers: 7
- Votes: 66
- Years Member: 17
- Last Update: 15 January 2020, 14:43
Yearly High-Low analysis. This ETF is up 232% in 2019. The next year low is around $200. Will it go up or down first? ))
September 4: Buy @157.
November 4: Sold @222.
November 14: Bought back @224.
December 11: Bought @228.
December 12: Sold @247: too early, but it always comes back.
December 16: Bought small position of SOXS @22 (short inverse ETF) while SOXL was $264.
December 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 5: Watch for Parabolic SAR sell signal. Daily stop is @267 chart 08. 4-hour stop @270 Chart 09. 2-h stop @273. We are very close.
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% of 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 then doubled and missing on buy and hold 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 could be ugly. When I look on many charts like chart 13, I can see that a major correction is very possible.
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