Semiconductors hit a weekly double at the 2000 crash level.

7 Mar 2018

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.