Stocks had a strong session Monday as oil prices dropped and AI-related enthusiasm picked back up. Tech led the rally, while Bitcoin moved higher too and added to the broader confidence in the market. Attention is now on the upcoming Trump-Xi meeting, especially around trade and AI developments, though higher interest rates and Middle East tensions remain risks. Overall, sentiment looks bullish given the tech momentum, lower oil prices, and gains across the major indexes. $ProShares Ultra Bloomberg Crude Oil(UCO)$ $Invesco QQQ(QQQ)$ $ProShares UltraPro QQQ(TQQQ)$ $Direxion Daily Semiconductors Bull 3x Shares(
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ I'm holding 127 calls for both the 9/21 and 10/2 expirations, along with my shares. The next major resistance level looks like 150-160. Hopefully we can push higher from here.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ 1067.81Up 2.86, or 2.8%, after an opening pop. It has been pulling back since, but on low volume. I'm waiting to see the selling stop, and then there might be another move back up. A lot of the movement is just tracking SKHY, which is also pulling back. So once those memory chips stop pulling back, I'd look for a bounce. They're annoying, but they're the main source of volatility in SOXL, so you have to keep an eye on them.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ I honestly don't even care what the price action is today. I've held bitcoin for over 7 years. Nobody touches the discipline of coin holders. The rate hike is priced in at this point. No change means a rally.