Related: 5 Best-Performing Leveraged ETPs Year-to-Date
The upcoming third-quarter earnings season will present potential tests and opportunities with the bearish SOXS and its bullish counterpart, the Direxion Daily Semicondct Bull 3X ETF (NYSEArca: SOXL). SOXL tries to deliver triple the daily performance of the PHLX Semiconductor Index.
From Oct. 15 through Oct. 26, nearly 47% of the components in that major chip index report earnings, according to Direxion data.
For more on inverse and leveraged ETFs, please visit our Leveraged and inverse ETF channel.
