SOXX Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: The semiconductor sector is likely to benefit from continued demand for AI technologies and positive macroeconomic indicators. Increasing investor interest may drive SOXX prices higher amidst stabilizing implied volatility.




Bearish Case: Persistent economic uncertainties, high inflation, and geopolitical tensions could lead to reduced semiconductor demand, negatively impacting SOXX prices and driving increased volatility in options trading.




Potential Outcomes:

1. Continued upward price momentum due to strong semiconductor demand (60%).

2. Short-term volatility leading to a pullback in prices (30%).

3. Unforeseen geopolitical events causing sharp price corrections (10%).




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November 12, 2024


BTC iShares PHLX Semicond Forecast

SOXX        BTC iShares PHLX Semicond











Correlated Assets

Assets that tend to move strongly with SOXX



IGV Forecast + Options Trading Strategies   IGV  BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector (0.76)


BA Forecast + Options Trading Strategies   BA  Boeing (0.72)


IRBT Forecast + Options Trading Strategies   IRBT  Irobot (0.71)


CSIQ Forecast + Options Trading Strategies   CSIQ  Canadian Solar (0.71)


SYNA Forecast + Options Trading Strategies   SYNA  Synaptics (0.71)



Uncorrelated Assets

Assets with little price relationship to SOXX



GENI Forecast + Options Trading Strategies   GENI  Genius Sports (0.0)


FXE Forecast + Options Trading Strategies   FXE  Invesco CurrencyShares Euro (0.0)


BEPC Forecast + Options Trading Strategies   BEPC  Brookfield Renewable (0.0)


EWY Forecast + Options Trading Strategies   EWY  iShares MSCI South Korea (0.0)


CNXT Forecast + Options Trading Strategies   CNXT  VanEck Vectors ChinaAMC SME-ChiNext (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against SOXX



HOLX Forecast + Options Trading Strategies   HOLX  Hologic (-0.69)


SMG Forecast + Options Trading Strategies   SMG  Scotts Miracle-Gro (-0.7)


ALL Forecast + Options Trading Strategies   ALL  Allstate (-0.7)


PAY Forecast + Options Trading Strategies   PAY  Paymentus (-0.72)


TSN Forecast + Options Trading Strategies   TSN  Tyson Foods (-0.77)









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