$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ After the rough stretch we just went through, the last thing I want to do is pile on the bears. Losing money is tough no matter which side you're on. I'm long SOXL and still believe in the 300+ case, but I think I trade best when I stay humble. Lesson learned. Hope everyone had a good weekend and makes some money.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ 159.24+0.33, +0.2%. Feels like we've been pushing higher all day, but still not back above 160. Memory chips were doing the heavy lifting the whole time, rallying right through all those FUD articles claiming the memory cycle is peaking.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Not financial advice. The Fed's own data is worth checking, but rising yields competing directly with the "super intelligence" theme says a lot. Big money appears to be choosing the AI trade over bonds, and that is something too bullish to ignore.
U.S. stocks pushed higher, with the S&P 500 closing at a record high and the Nasdaq also reaching another record. Tech names like Nvidia and AMD helped lead the way, since investors are still excited about AI growth. Treasury yields eased a bit but remain elevated, which could put some pressure on stocks if they keep climbing. Overall, market sentiment still looks bullish to me, as investors remain confident in tech and AI despite some risks. $Advanced Micro Devices(AMD)$ $SPDR S&P 500 ETF Trust(SPY)$ $ProShares UltraPro QQQ(TQQQ)$ $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ TSM looks fine with that +3% print. NVDA is holding at the ATH and pushing to go higher. Watching it. AVGO is also holding that +2%. Most others are flat and fine, which is great. 170?
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ New high of day with upward momentum. Watching for increased volume. Time to sit back and watch the game. It should rally into the close. Time to break out the chicken and rice dinner. I can share if anyone else wants some.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Not sure why there's so much fuss about data centers. They're just a bunch of computers in a building with almost no visitors. I sold my IT company 3 years ago at 60. The industry isn't going away, and technology will never advance more slowly than it does today. I'm looking forward to seeing it climb toward $180 this week.