$Direxion Daily Semiconductors

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ $Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ Setting some buy and sell orders based on the closing price today. Looking at SOXL, buying at 128.05 and adding at 116.55, with sell targets at 153.55 and 172.55. On the SOXS side, buying at 38.25 and 33.65, with sell targets at 45.85 and 50.05. These are targets for the next 2-3 days.

For the immediate term, the bias leans long, and I think that could remain the case for a couple of weeks. SOXX took about 5-6 weeks to move from the 656 high down to the recent low of 458. I expect the uptrend to last at least 2-3 weeks and reach a target of 582 to 615 on SOXX. Personally, I'm not shorting semis until that target is reached. In the meantime, making the most of the volatility.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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