To The Moon

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  126.65Up 5.92, or 4.9%, with a decent push late in the overnight session. Last night SKHY had that sharp spike, which carried into DRAM, MU, and SNDK. Looks like the trade is frontrunning that again, hoping for another squeeze into premarket. Nice.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Global markets are all green right now. Nikkei is up, Hang Seng is up, and Kospi is up as well. Cheers to that.

$iShares Semiconductor ETF(SOXX)$ $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Today's move feels like an anomaly to me. Fed liquidity is up, tariff rates are coming down, and the economic data has been dovish, even if the Fed minutes initially sounded hawkish. China is going to use more Nvidia chips, and there are other factors too, like Analog's beat. So I do expect a recovery and a return to ATH before long.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ All things considered, I expect a rebound here, driven by continued financial strength in semis and softer Fed commentary.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  I've got a buy order set near the 112 to 114 area. A daily gap fill on SOXX could push SOXL to 114.25. On the hourly, an opening gap fill could see SOXL dip as low as 112.05. Pick your spot for a buy order.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  A one-day 25% correction on SOXX would actually be normal and healthy. It would mean a 75% drop for SOXL, but that would also be an amazing buying opportunity.

SPXWatching 7715 as the pivot, with higher levels at 7730 and 7773, and lower support at 7673. I think we could see some recovery at the open. $iShares Semiconductor ETF(SOXX)$  is down 3.7% at 538.25 and should rebound, and the same goes for SOXL. $Invesco QQQ(QQQ)$  is relatively weak but sitting at support around 720.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  The SOXX index structure is still messy, so volatility shouldn't be a surprise. But the broader setup still looks bullish, and the index will probably keep grinding higher within that channel. Some people seem a bit jaded if they think April-June was normal.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  $Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ $Direxion Daily MSCI South Korea Bull 3x Shares(KORU)$ I'm wondering if Korean investors will cash in on their chip gains when Kospi reopens. Maybe the whole semigroup rides higher into Nvidia earnings next week.

$Invesco QQQ(QQQ)$ $SPDR S&P 500 ETF Trust(SPY)$ $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Feels like nothing bad can happen with everyone piling into semis. It just keeps going up.