$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ I'm looking at how fast the moves have been lately. In June it took 8 trading days to climb from $180.65 to $302. On a separate run after a large downfall, it went from $180 to $280 in just 6 trading days. Based on that, it seems pretty doable to see $320 by the end of the month, maybe even sooner.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ I'm planning to finally buy into this once the paycheck hits. The hyperscalers, regardless of where stock prices are, keep signaling further acceleration in investments. The only way this goes wrong is if they actually pull back. And if big tech goes under, no equity is safe. The underlying logic makes sense to me.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ The market goes up one day, and if we're lucky it might string together three up days in a row. If we're really blessed, maybe three months in a row, like from late March to June 22nd. All of it because someone posted consistently good news with great one-year price targets. Then the bad news hits and stocks drop because someone posted bad news. I don't really think stock prices reflect what a company is actually worth — they change too often, driven by price and news manipulation. This market is so distorted that any confidence in making a sane, rational decision feels impossible. I've landed on just giving a buy your best guess and staying patient until the stock price climbs back to wher
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ If the KOSPI perpetuals hold their current trajectory, this could open around $144-146. Good luck to anyone holding into next week. I don't have a position yet but I'm looking to start one soon.
$iShares Semiconductor ETF(SOXX)$ Closed my SOXS swing for profit and repositioned again. Market makers keep working the range, so I'm just moving with them. Takes some effort, but as long as it keeps generating gains and I stay positioned for a bigger move, I don't see a reason to stop. Currently holding 1,000 shares at a $44.17 average. If INTC stays flat or below $100, and SOXX stays flat or below $548, that's a decent signal for the SOXS trade. Even SOXX below $551 suggests limited upside without a major catalyst.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ I think we might be set for a move higher. There are a lot of views on the big July sell-off, but to me it looked heavily driven by the Korean index rebalancing—that was a known, forced mechanical sell—and a historic number of lock-ups expiring at Chinese memory and AI tech firms last month. It was a pretty straightforward short trade with all that selling pressure telegraphed. That selling looks exhausted now in both Korea and China, so maybe we can push to new highs. $Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ DRAM.X $SPDR S&P 500 ETF Trust(SPY)$
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ It seems like a lot of this is just market psychology at play. Over the last few years, hundreds of billions have gone into AI investment. Are these semiconductor companies really going anywhere? I doubt it. Sure, watching the share price drop isn't pleasant, but the underlying demand for chips isn't going to decrease. If anything, it's likely to grow significantly.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ That's quite a rollercoaster. The market dives for no clear reason and then skyrockets for no clear reason. Even ASML and TSMC couldn't lift it back up. Still holding from $178. Another day, another lesson. Hoping for a reversal with the broader market.