$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Up 6% in today's market. Very bullish. Imagine where this goes when the Nasdaq is up 300 points. Rotation back into semis is happening in real time. Extremely bullish.
$Qualcomm(QCOM)$ SOXL has been stuck in a neutral sideways range for a while. I'm waiting for it to reach the lower Bollinger Band, around the $147 area, before adding more.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ $Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ My SOXX target of hitting at least 560 on the bounce was reached, but the level didn't hold at all. It got rejected near the 50 DMA. Still, the technicals suggest the bias remains to the upside, and we're sitting right at channel support now. Getting past 562 resistance is needed to eventually reach 583, with a chance to test as high as 615 by the end of the month. NVDA earnings, which are due in the last week of the month, could keep semis supported. A lot can change between now and the next 8 sessions, but the technicals do support a higher move from these levels. The cautious part is that
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ It could easily pop to $144 after the open. There is still resistance from the underlying chips until a breakout happens. I'm planning another flip before any rug pull.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ There's no rush, these levels look decent for gaining exposure. But it's going to be slow and steady. Might have to wait alongside gas prices until the strait opens, which could take around 6 months. So we wait.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ $Micron Technology(MU)$ Micron is describing its business and financial performance as exceptional right now. Since the last earnings report, aggregate demand signals from customers have increased even further. The company also pointed out that very tight industry conditions are expected to continue beyond calendar year 2027, based on these stronger demand signals. Micron now expects that 2027 will be even tighter than 2026 because the demand growth taking shape is outpacing supply growth for calendar 2027 on an industry basis.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ I only managed to pick up that closing dip on one account. Still need $140 by morning to even things out and get all my accounts into profit. Hope it works out for everyone.
$Micron Technology(MU)$ $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Heavy volume in SOXL right now. Pretty wild Monday trading. Nvidia apparently offered a $3 billion investment in something earlier, which is probably going to feed into that circular investment dynamic again. I'm guessing that's the reason for its weakness today — it clearly looks like a ladder short. It should be heading toward a liquidity pool, with a gap fill around Thursday's close near 218.70 or so. SOXL is following Nvidia lower. Memory stocks could be in rough shape at the moment, but they're not. That's helpful. Hopefully Nvidia reverses soon. SOXL just bounced off its former 61.8% retrace from the last bull run.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Price is still holding above key support. Buyers seem to be in control of the structure for now. I think there's room for further upside toward the swing high.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ The first 30 minutes move so fast. I need to stop overthinking and just stick with what's been working: buying under 125, selling above 140, and repeating that with half the position.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ A breakout feels like it could be close, or maybe something bigger is brewing. Volume has been fading all day while prices keep climbing. Just my own read, not financial advice.