To The Moon

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ For a true basing action, there needs to be a gap up and a strong move forward. If that doesn't happen, chances are the lows aren't in yet. Still waiting patiently.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  That little green shelf on volume is why I'm not quite selling yet. This looks like sustained buying. Could be wrong, who knows.

$Micron Technology(MU)$ This rebound could be rough for the shorts, $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  and $NVIDIA(NVDA)$  both look set to push higher from here.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ MU dropped 6.74 points, or 5.3%, overnight, reclaimed VWAP again and rallied to 124.48 as SKHY and DRAM also got back to VWAP. But now SKHY and DRAM are back near the lows of the day, and MU/SNDK are back below VWAP, so the momentum is still negative. It gets a bit annoying when every few months the shorts declare the memory cycle has peaked, and then all the chip companies report record earnings. Rinse and repeat.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ It dropped from $169 to $135 in 5 days. At some point there should be some upward movement. It can't always go down, just like it won't always go up.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  This drop is nothing. I remember buying under $30 back in June last year. Wish I had just loaded up and kept buying.

OpenAI reported annual revenue below what was previously signaled, and that seems to be what triggered the selloff across tech. I think Anthropic is outperforming OpenAI right now, though the two have been going back and forth each time they update their software. $SPDR S&P 500 ETF Trust(SPY)$  $Invesco QQQ(QQQ)$  $iShares Semiconductor ETF(SOXX)$  $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  $VanEck Semiconductor ETF(SMH)$ 

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  SOXS is one of those leveraged ETFs that tends to work against people who hold it too long. The structure itself is built to decay over time, with daily resets and negative roll yield eating away at value. The reverse splits aren't random, they are a direct result of how these funds are designed. The green moves are usually temporary. These products bleed value over time, which makes put options an interesting way to play their structural weaknesses rather than trying to time the bounces perfectly. A lot of retail traders get drawn into these setups and end up stuck on the wrong side when the floor drops out.

My model is bullish on $Alerian MLP ETF(AMLP)$  among the top 256 ETFs. $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  may not perform the same way it did recently, but it is still sitting among the top ETFs. $Global X Silver Miners ETF(SIL)$ , on the other hand, may reverse from its recent low. No comment on $United States Oil Fund LP(USO)$  and GLD.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  I think there's still more upside left. My average is 125.50, and I'm taking half off right here. Plan is to move it into staples. Good luck to everyone trading this one.