$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Not financial advice. For anyone loading up around here, PCR looks like a solid base. Back above 135, and this week is shaping up to be a good one for longer holds.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ I said 158 was the bottom, then 138 was the bottom, and now 138 is still the bottom with 8,000 shares. Still holding that new core position of 10,000 shares. The 500k gain from 90 is down to about half now. Still bullish, but definitely hoping this doesn't keep dropping.
VVV.XThis ran hard like ZEC.X and then got flushed hard, and it's been correcting and consolidating for weeks now. Looks like it's setting up for continuation, and semiconductors like $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ seem to be showing similar action too.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ This sell-off is honestly a bit ridiculous and doesn't make much sense. OpenAI is still a private company, so this news shouldn't really come as a surprise. It feels more like hedge funds are just using the recent run in semis and the move up in yields as an excuse to push them lower. Now there's a clear disconnect, and if yields keep falling, the setup seems ripe for a rebound. Once SOXX gets back to $600, this could rally hard past $200. On top of that, Trump is starting to look desperate with the possibility of losing Texas, so he may be forced into some kind of deal to lift markets and bring down oil and yields before the midterms.
Looks like OpenAI and Anthropic compute revenue in different ways, so comparing the two directly is not really accurate. It would be clearer if both eventually IPO and file standardized reports. OpenAI recently told investors that annualized revenue was approaching $50BN at the end of September. That number is well below the $70BN that multiple media outlets reported late last month based on information given to investors. The gap comes from how OpenAI and Anthropic calculate annualized revenue. Anthropic includes sales through cloud partners like AWS and Google Cloud, while OpenAI does not include that partner revenue in its figures. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ The 10-year Treasury note auction was viewed as highly successful and "historically strong" by market analysts. Even though it cleared at a high yield of 5.30% - the highest rate for a 10-year auction since November 2000 - robust investor demand outpaced expectations, and the market rallied on that. The 30Y bond auction is up next, and I'm expecting a similar outcome with a market rebound.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ There could be some selling pressure early on. If that happens, I might add to my current position to improve my average. I'm long regardless of the recent moves. Down 35k, but not really a big deal compared to how much I've made.