$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ The first 30 minutes move so fast. I need to stop overthinking and just stick with what's been working: buying under 125, selling above 140, and repeating that with half the position.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ A breakout feels like it could be close, or maybe something bigger is brewing. Volume has been fading all day while prices keep climbing. Just my own read, not financial advice.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Bank of America resumed coverage on SK Hynix with a Buy rating and a price target of W3,000,000 on the locally listed shares. The reasoning is that the company's dominance in high-bandwidth memory could set it up for an operating profit super-cycle, which they think Wall Street hasn't fully priced in yet.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ AI hyperscalers are pushing higher across the board. ON earnings came in better than expected, and CAPEX is now projected to go up even more. Feels like this could be heading back above 200 in August.
Chip stocks appear to be pulling in the most leveraged ETF money right now. Leveraged and inverse ETFs tied to semiconductor names now carry massive exposure. SK Hynix leads globally with roughly $5.5B in assets, followed by $Micron Technology(MU)$ at around $5.1B and $NVIDIA(NVDA)$ at about $4.8B. Even $Tesla Motors(TSLA)$ , the largest non-chip name in the group, trails with roughly $3.7B. Overall, semiconductor-related stocks now account for around $21B in leveraged ETF assets. The standout figure is $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ , the 3x semiconductor ETF, which pulled in ap
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ 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.