"Everyone has a plan 'till they get punched in the mouth" - Mike Tyson

June 11, 2015

SOX

It's been a relatively weak bounce in SOX the last couple of days after a VERY sharp drop.

Some sellers have appeared at the 38 fib retrace.  This also is a prior pivot level.  I've no idea how far SOX could drop, maybe not at all.  That said, I think it's worth taking a shot here via 3x short semi ETF SOXS.  I bought some to trade against the day's high.


For you single stock players, Micron (MU) looks the worst of the group.


Trade 'em well!

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All ideas shown on this blog represent the authors opinion based on the data available.