To The Moon

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Not financial advice. NVDA formed a cup with a 225 base, and now the handle looks like it's breaking out. Next targets could be 235 or 250.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  Looks like it's setting up for a big relief pop. A 20-25% move isn't out of the question. Congrats to anyone who got in around the low 100s.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ 117.11Up 1.43, or 1.3%, and really moving now. It covered almost the entire day session range from the 112.25 low, then rallied $5 through VWAP to the top of the range. I wish I had bought more on the VWAP break. I keep getting fooled by how slow it trades during the day, and I wasn't expecting this kind of move, but it's nice to see. Trimming some here and holding some in case it wants to push toward 120 tonight.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ A lot of self-proclaimed experts keep telling people to sell semis. I have been around this market longer than at least 80 percent of them. Bubbles can run much longer and much further than most expect. I think new highs are coming by December-March. There will probably be at least one more big volatility pullback along the way, but this is not over yet.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ 116.91SKHY up 5.76, or 5.2%, and it is running hard into the close again, which is dragging the other memory chip names higher with it. DRAM and related 2X ETFs are moving up faster than SOXL. That was the best overnight play, but I am not a fan of the memory chip stocks themselves, and I would rather just use them to trade SOXL. SKHY has added $9 during the overnight session to $159.78, and it looks like it has its own short squeeze going. It initially dropped on news that it could not reach a wage deal with workers, but that turned out to be a bear trap, because it has been rallying hard since then. The overnight session has been much better than the day session for chips.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ The options market is pricing in a 5% move for $NVIDIA(NVDA)$  around earnings, which would put it near $219. If that happens, SOXL would be around $122.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Wednesday could be a key moment for the bulls once Nvidia reports earnings. The market may get a reminder that the AI super cycle is still very much intact.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  I'm accumulating at these levels. I'm fine if this even dips another 30 percent. Chances are this will be higher in 5 years. But we will see.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ There is still a long runway to accumulate before this stock heads back to $300. Hoping for calmer conditions.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Any chance this hits $127-128 Monday? I have a ton of $125 strike calls expiring 8/26 that are in negative. It has tested the $117 support three times already. I was hoping for a slight push Monday morning since it always seems to crash after the open. Any positive thoughts? I know it is a risky bet and it was dumb, but I am already in it so please don't tell me the obvious. If you could guide on a strategy to get out of it, that is what I want to hear.