Time to declare victory again - this time on 3X Leveraged $SOX Bull $SOXL

 Time to declare victory again - this time on 3X Leveraged $SOX Bull $SOXL  

This was another easy call, as it was opposite of what CNBC Fast Money was calling for: 

#CNBC's #FastMoney is calling this a bearish reversal in Semiconductor stocks. Think they're short $SOX? 🤔 pic.twitter.com/OFzeSG2rz8

— Veteran Market Timer (@3Xtraders) June 27, 2024 

If you bought it at $52.50, and sold it at today's high (around $64) that's a gain of over 20%. 

The great contrarians at Fast Money also called for China to rally, back in June, and I made a killing selling that fleeting rally.

There's always a bear market somewhere. #China $FXI $HSI Hang Seng Chinese #Stonks #CNBC #FastMoney pic.twitter.com/0aCwNQdkCw

— Veteran Market Timer (@3Xtraders) June 24, 2024

Speaking of bear markets: 

You never hear about the stealth bear market in Oil & Gas drillers, being reported.  

$XOP S&P Oil & Gas Exploration & Production - 60 min. chart. - 20% off the recent highs 

 

 That's all for now. Enjoy the summer break, while it lasts, because it's bound to be a crazy fall. 

Take care, AA  

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