haug01

Semiconductors hit a weekly double at the 2000 crash level.

Short
TVC:SOX   PHLX Semiconductor
Semiconductors hit a weekly double top at the same level as the 2000 dotcom crash. I went long SOXS (3x semiconductor bear) and long SDOW (DJI 3x bear) in my 401k right before the market closed yesterday. I got lucky as a bought these right before the Cohn resignation announcement which tanked the futures market. I had also gone short 2 DJI futures. I already closed that trade last night for a solid profit after the big Cohn drop. SSG is a low volume 2x semiconductor bear etf which I would avoid due to low liquidity. I wish there was a 1x bear etf to avoid the daily rebalancing problem. My SDOW and SOXS remain open in my 401k.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.