$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ Today is the final day of quarter-end rebalancing, which usually brings a lot of volatility, especially in the last 30 to 60 minutes with heavy volume. The day after the rebalancing often sees a nice rally, so it might make sense to look at stocks that were strong towards the end of the day, especially if they were reduced as part of the rebalancing, as they often get bought back on the first day after.
$SpaceX(SPCX)$ Already bought and holding until $2000 by end of 2027 before considering a sale. I think it's on track. Believe in Elon or keep suffering with those short positions—the choice is yours.
$ProShares UltraPro QQQ(TQQQ)$ Morning market update: U.S. stock futures and global markets are up, with investor optimism boosted by easing geopolitical tensions. Oil prices fell sharply on reduced supply concerns, supporting risk assets. The market is encouraged by SpaceX's strong debut and is now focused on upcoming housing, retail sales data, and Fed policy decisions later this week.
$ServiceNow(NOW)$ Not financial advice. If you think you missed the boat, you haven’t by a lot. Here’s why. This company lost nearly two-thirds of its market cap because of the overhyped “AI is killing software” narrative, while absolutely nothing seemed wrong with their business. They have twice their annual sales in contracted revenue. They upped their AI guidance from $10B to $15B for the year. Their retention rate is 97%. They are deeply embedded in enterprises and recently acquired two companies to strengthen their moat. Their AI sales are less than 10% of their annual revenue right now, and this is only expected to grow as they add more AI features across their suite and adoption of agentic workflows continues. Jensen Huang has said that
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ SOXL got really close to my $232 prediction during the session, but has now pulled back to $226. I suspect we might see it touch $232 in the near term. Worth keeping an eye on.