๐๐๐Before we decide, let's remember the golden rule of
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ : It is like a financial sports car with zero traction control. SOXL is designed to track 300% of the daily performance of the top US semiconductor giants.
When the underlying chip index takes a 2.7% breather, SOXL turns into a negative 8.1% sharp drop.
With TSMC's new Q3 earnings on Thursday, institutional funds are deleveraging because they are expecting an explosive price action in either direction.
Leverage is a beautiful servant but a ruthless master. It is best to wait for TSMC's earnings and for the trend to solidify before buying SOXL.
No matter what happens to SOXL, know that the digital world cannot function without these chips.
@่ๆฟ่ฎฉๆๆฅๅๅธ @TigerStars @Tiger_comments @Tiger_SG
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.
Comments