$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ From what I've seen over the years tracking SOXL and its related components, Korea memory could pick up momentum from the US semiconductor and big tech market, and the US semi market might then pick up Korea's momentum in return. This circular momentum could push SOXL to $160 next week or even higher. I'm retired, so nothing I say here is financial or investment advice — I'm just enjoying the trading.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Closed out a trade with decent profit, bought at 94.18 and sold at 111.97. Looking for a re-entry on the swing side, but I'm waiting for a better setup to buy again.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ GOOGL, MSFT, and META have all increased their capex plans so far. A lot of that money turns into revenue and profit for chips over the years ahead. The market just isn't used to seeing such a big rally in such a short time, driven by sudden mega capex from hyperscalers on rising revenue, EPS, and profit margins. That made a lot of institutions and retail traders who missed the big run hugely jealous, and many wished for a chips crash out of angry revenge — so they could also get in on the ride. LOL. I'm sticking to my system of 5% max per stock, splitting that into ten 0.5% gradual buys, with each DCA happening at a further percentage distance from the last. So far, 4-5 DCAs have been done
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Analysts can guess, hypothesize, or make projections, but the reality is no one really knows what's going to happen. I believe the everything rally starts now.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ With hyperscalers set to raise their CapEx forecasts this week, I think semis and memory stocks could get a strong follow-through. SOXL reaching 160–180 by Friday doesn't look out of reach to me. I picked up 121 calls for 13/share, expiring Friday — 100 contracts, so 130k in total. Whether I actually have the nerve to hold all the way to Friday is the real question. Was up 30k earlier and the temptation to sell was definitely there.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ 145.98Up 9.05, or 6.6%, in the overnight session. It hit opening highs, dipped as low as 142.47, then managed to reclaim VWAP and shift back to a bullish posture. Still somewhat cautious since most of these names looked pretty rough on Friday, but lower oil and energy prices can definitely give things a lift.