$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ The setup does look like it wants to move higher, since dip buyers have been getting rewarded for buying weakness. But higher oil prices may keep a lid on things for now.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ 114.76+3.1 +3.1%. This is turning into a nice overnight run. SOXL has already recovered more than 50% of Friday's nasty drop, and at this rate it might even get back to Friday's high of 121.20, which would be impressive given how rough Friday was. Worth remembering that Monday is end-of-month, so moves could be crazier than normal.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Honestly, this has been the best ticker in the market to day trade this year. I only wish I had figured it out sooner. And it's not just because it's a 3x ETF - I've played plenty of those - it's because the IV gets jacked here so easily, which makes selling options absolute gravy. You don't have the insane risk of holding a single ticker like $Micron Technology(MU)$ , but you can still get the rewards.