I'm adding to my $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ position before the close. Manufacturers are hungry for chips, and that demand isn't going away. I don't think I'll regret dollar cost averaging here.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ The sudden SOXL drop from $76 to $64 doesn't line up with the macro picture at all. The economy looks fine, and the midterm reaction has been positive now that the balance of power is being restored. This has to be a fake drop.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Capex looks set to surge as hyperscalers rush to build out before next October, when a Blue congress may try to use a shutdown to push for removing capex expensing on data centers. That effort likely won't stick.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ My cousin works on Wall Street and keeps telling me to buy. He thinks the whole market is set to rip much higher very soon. Big firms are scaring people into giving up their shares.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ I'm adding to my position and have started using some leverage. Opportunities like this don't come around very often. It was at this level 300 weeks ago, and after a small correction I have no doubt it's heading to 900.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Retail investors seem to be hunting for any signal to pick up the bottom cheap, while institutions are holding off until Apple's earnings to gauge where consumer spending is heading. My own take is that Apple's results will come in well above expectations, with the new AI features seeing strong demand and no real capex overspending problem. I'm personally looking at a 15% to 20% recovery in SOXL, back toward the $88-$94 range this week. Not a financial advisor, just posting for entertainment.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Still a raging bull market. The doom and gloom talk never gets tired of repeating itself. Then we rip higher. We always do and will. Crashes are from the past when money supply was limited. Now it's inflation or hyperinflation. If stocks crash, they will print, so you will have to chase. I'm staying in.