$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ 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.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Unless inflation hits 10%, I don't see a crash coming. The way metrics are set up, they won't really capture true inflation, so it's unlikely to print that high. A rising market still ends up hurting more people than a dropping one, and that's exactly why I'm bullish. The market seems to want to inflict pain on as many as possible.
I've managed to pull in over 500% by doing the opposite of what that perma-bear has been pushing. He's been sitting on a meager 22% over the last 5 years while calling for a crash the entire time. If someone keeps repeating that same collapse narrative long enough, sure, one day they'll eventually be right and collect their small 20%, but by then the bulls and the smart money would have already locked in 1000% gains before any real downturn hits. $Micron Technology(MU)$ $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ CPI data tomorrow should give the market some direction. From where I stand, what's really showing up is resilience. People are holding their bags instead of selling. It feels like a different mix of gamblers and believers this time around.