- Rank: 56
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- Last Update: 20 February 2020, 18:23
This is a YEARLY chart of some mutual fund.
Many stocks look like this one on a yearly chart including the QQQ chart below. Each bar is one year: I love this simple representation of time/price. We are making new HIGHS which is great, but at some point this year we MUST have to re-test last year%27s LOWS, which could be a major correction.
A triple-leveraged ETF would make a correction especially painful. The interesting thing though, that SOXL cannot be bought on margin (100% cash only), meaning that in the event of decline you don%27t get margin calls and if you have balls, you can hold it and wait for a long time until it rebounds. And it will indeed rebound: it%27s just a matter of time
This quarter%27s low is projected at around 3100.
Apple is actually a semiconductor manufacturer though it is not part of SOX. Apple makes processors and soon 5G modems.
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