To The Moon

$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ Wondering if it's almost time to start buying this again. Still a bit wary after the market insanity that crushed SOXL over the last 3 months.

$iShares Semiconductor ETF(SOXX)$ $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ $Direxion Daily Semiconductors Bear 3x Shares(SOXS)$  Going long here. Average cost is 481.6 on SOXX, and I'm scaling into SOXL. The CAD ETF shows slightly different numbers for SOXL though. If 480 doesn't hold, I think a fast drop toward 440 could happen — especially if rates go up tomorrow and that move was already leaked.

$SpaceX(SPCX)$ We've now seen the third daily candle in a row with a wick. It feels like sellers are running out of steam. Maybe the real move comes soon.

$ServiceNow(NOW)$ It's pretty funny how when this thing is up around four dollars a share there's not a bear in sight, but the moment it drops a couple dollars and is only up two dollars a share, the bears start screaming it's going red, going to zero, and that ServiceNow will be filing for bankruptcy by 4 PM. Honestly, some of these guys are something else.

$SK hynix(SKHY)$ KOSPI pulled back and filled about 95% of Wednesday's gap before turning higher again. There might still be a chance for a green close.

$Direxion Daily MSCI South Korea Bull 3x Shares(KORU)$ Looking at the options flow for the next seven months, a few things stand out. The implied volatility above 200 is signaling extremely high volatility. The max pain levels for most months point to upward moves. The only exception is December, where the max pain sits below the current price, but with a put/call ratio of .38, that looks more like bullish hedging. For this week and next, the options are pricing in a potential 25% to 35% move higher. Next week's put/call ratio of .34 is particularly interesting, as it likely covers a lot of the Mag 7 and hyperscaler earnings reports this month. The main downside is the high option premiums due to the elevated IV, and the wide bid/ask spreads.

It seems like 99% of this company's value creation is still ahead. A lot of people seem to assume $SpaceX(SPCX)$  has a guaranteed path to profitability and a 10-year lead in space connectivity. My view is that 99% will realize they were wrong only after it's obvious. I think the market cap $AST SpaceMobile, Inc.(ASTS)$  reaches over the next few years will leave today's bears speechless. As usual, many retail investors might sell far too early, or even at a loss, while institutions and hedge funds capture the bulk of the upside. The idea is to not be part of that 99%.

$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ This is the first time I've seen an ETF perform better after going through a reverse split. I hope the trend continues, with the move up around 11%.

$hynix-WI(SKHYV)$ I'm not going to list out all the reasons why top memory and advanced storage stocks are likely to keep rising; even those with short positions probably see that coming. The main takeaway, from my perspective, is that the current setup looks favorable for adding to a position or dollar-cost averaging.

$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$  The recent relative strength shift seems to have been the turning point. From my perspective, it looks like SOXS could continue to grind higher from here, while SOXL might keep trending lower.