$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Micron Technology stock advanced Thursday amid a broader tech rebound. Investors appeared to shrug off a rival memory chip maker's plan to triple wafer capacity to meet surging AI demand.
US futures dropped sharply overnight alongside major Asian markets, but as Asian markets gradually recovered, that also helped US futures rebound. With these impactful events coming in the next 7 days, prepare for more sharp volatility... yes, a lot of it is manipulated by big institutions. ■ Blockbuster Space X IPO this Friday ■ BoJ potentially raising rates by 0.25 BP next Tuesday ■ Warsh's first FOMC meeting Tues & Wed, with his views to be heard on Wed ■ Quad witching next Thursday ■ On/Off Iran Peace Deal developments After next week, I expect the market to calm down a bit. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ BTC.X $iShares Silver T
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ My target for SOXL this week is in the 237-245 range, and I see at least four potential catalysts. Of course, the narrative depends on market makers, not me or any retail traders. First, core CPI could be hot but likely in line with market expectations. The market has already priced in the worst, and everyone knows inflation is coming. CPI has already been revised to reflect the oil price increase, so any "in-line" narrative could be very helpful for a sudden rally tomorrow. I previously broke down sector expectations for CPI. Second, Oracle earnings. As one of the top four AI hyperscalers, Oracle will likely talk about explosive chip and data center demand, and CAPEX expansion. That could
Sharing some data for the more emotional traders out there... Daily chart from the bear market low in Oct 2022... anchored VWAP on the most recent crash (April 2025). Obviously, the SOX is over-extended from a long-term channel perspective; however, that was when chips were cyclical and carried low multiples and margins. The broadening envelope on the AVWAP with the bullish upswing matters more because it validates what we've all been reading (or should be) about the sector shifting into a new regime. $Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$