For more aggressive traders who are watching for a potential break out, the Direxion Daily Semiconductors Bull 3x Shares (NYSEArca: SOXL) takes the 3x or 300% long daily performance of the PHLX Semiconductor Sector Index while the ProShares Ultra Semiconductors (NYSEArca: USD) reflects the 2x or 200% daily performance of the Dow Jones U.S. Semiconductors Index.
“Those who have been waiting for an entry point should be patient with respect to how the index behaves during the next dip. That may provide some additional clues as to whether this momentum is here to stay or just a transitory occurrence,” according to See It Market.
Market Vectors Semiconductor ETF
