$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ The kind of AI demand we're likely to see over the next decade feels like it'll be on a completely different scale from anything in the past. To those who managed to pick up some shares below $100 during that big dip, well done. I'm staying long.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ The job report came in soft. Expectations were for 80k jobs added, but the actual number was -23k. That should ease rate hike tensions, which is generally bullish for stocks. Let's see how it plays out.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ The 140 level is acting as a clear barrier right now. If it breaks through, there's a chance it could run higher. It's been testing that area over the last few days, and I'm hoping it gets taken out soon.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ It seems like the Korean market tends to sell off pretty quickly, but I'm planning to buy every dip and hold. I'd rather deal with regret down the line than regret not holding.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ SpaceX seems like a decent indicator for this stock right now. From where I stand, the two are pretty correlated at the moment, and I think shorts could get squeezed hard on both. Not financial advice.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ I have been saying this for weeks. Risk equals reward here. After all this downward trend, it could go into an upward spiral one day. It is like throwing a bouncy ball at the ground in space — it can go for infinity and beyond.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ $Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ Setting some buy and sell orders based on the closing price today. Looking at SOXL, buying at 128.05 and adding at 116.55, with sell targets at 153.55 and 172.55. On the SOXS side, buying at 38.25 and 33.65, with sell targets at 45.85 and 50.05. These are targets for the next 2-3 days. For the immediate term, the bias leans long, and I think that could remain the case for a couple of weeks. SOXX took about 5-6 weeks to move from the 656 high down to the recent low of 458. I expect the uptrend to last at least 2-3 weeks and reach a target of 582 to 615 on SOXX. Personally, I'm not shorting se
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Qualcomm is making me look stupid right now. This has to be the most disrespected name in the game. My goodness. It's super volatile and, from where I stand, it's leading these names down. When this thing moves, game over. Just my own view, not financial advice.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ 117.70, up 2.92, +2.6%. The fade is continuing as QQQ, up 0.6%, also pulls back despite oil continuing to drop. This pullback is nice and could set up a better rally when the market opens. I don't like these random pops on tariff news. SNDK and MU are acting lame as usual during this pullback.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ I'm looking at how fast the moves have been lately. In June it took 8 trading days to climb from $180.65 to $302. On a separate run after a large downfall, it went from $180 to $280 in just 6 trading days. Based on that, it seems pretty doable to see $320 by the end of the month, maybe even sooner.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ I'm planning to finally buy into this once the paycheck hits. The hyperscalers, regardless of where stock prices are, keep signaling further acceleration in investments. The only way this goes wrong is if they actually pull back. And if big tech goes under, no equity is safe. The underlying logic makes sense to me.