$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ 141.75Reclaimed VWAP, pulled back to touch it, and now bouncing hard again, already pushing toward green. Acting squeezy. DRAM names like SK Hynix, MU, and SNDK are running hard. Had been waiting for MU to finally make a move. Just wish it had waited for the premarket session, since I only have one account with overnight access.
$Microsoft(MSFT)$ Price is moving inside an uptrend channel and getting close to the supply zone. From here, a push higher into supply still looks likely. If supply rejects, that could set off a move to the downside. Bias: bullish toward supply, with some downside risk right at the zone. $Intel(INTC)$ $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ 141.32Chips are still weak, with SOXX down 12.79 to 559.89 and QQQ off 0.9%. The only thing circulating is more talk that an AI slowdown is needed for safety. To me this is all FUD — nobody is slowing down for nothing. MU earnings are due Wednesday.
Stocks had a strong session Monday as oil prices dropped and AI-related enthusiasm picked back up. Tech led the rally, while Bitcoin moved higher too and added to the broader confidence in the market. Attention is now on the upcoming Trump-Xi meeting, especially around trade and AI developments, though higher interest rates and Middle East tensions remain risks. Overall, sentiment looks bullish given the tech momentum, lower oil prices, and gains across the major indexes. $ProShares Ultra Bloomberg Crude Oil(UCO)$ $Invesco QQQ(QQQ)$ $ProShares UltraPro QQQ(TQQQ)$ $Direxion Daily Semiconductors Bull 3x Shares(
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ I'm holding 127 calls for both the 9/21 and 10/2 expirations, along with my shares. The next major resistance level looks like 150-160. Hopefully we can push higher from here.