$Micron Technology(MU)$ Bears and shorts are in a sour mood and keep arguing it's just a short-term cycle, missing out on all the gains since last year, even though many analysts have said that's no longer the case. I'm glad I didn't listen to them since December. It is what it is. $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Hope no one panic-sold. The volatility is actually pretty interesting. I think it can get back to 300 by the end of this week and easily reach 320 by the end of next.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ The underlying bull thesis on semis hasn't changed. All of the hyperscalers remain committed to a $4 trillion investment in AI infrastructure over the next decade.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Micron reports after hours. It's a significant holding in this ETF, and the charts track closely. When MU hit $1200 yesterday, the ETF reached $300. I'm expecting some significant moves in the near term.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ I mentioned earlier that if it breaks $280, it's heading toward $300. If this level holds, the path ahead looks clear. Of course, Micron's earnings are coming up, which could help or not. We'll see.