$iShares Semiconductor ETF(SOXX)$ $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ Here's my read on the recent geopolitical developments. A deal appears to be forming between Trump, Putin, and Xi. Trump is likely to support Russia and gradually reduce support for Ukraine. In return, Russia would stop backing Iran. Lavrov reportedly went to Iran to deliver that message. The Chinese want the strait open more than anyone else, including the US. A surprise deal could come together just before the midterms. If you're short, I'd rethink that position.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ 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.