To The Moon

NQNasdaq almost hit a new ATH. Maybe overnight or tomorrow. $iShares Semiconductor ETF(SOXX)$  also managed to reach an ATH, but $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  fell just short of the ATH due to the 3x decay from last week's drop. $Direxion Daily Semiconductors Bear 3x Shares(SOXS)$  did hit a new ATL.

$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  $iShares Semiconductor ETF(SOXX)$ $SPDR S&P 500 ETF Trust(SPY)$ Not the best news for bears, they might have to wait for 700 now. Good for bulls though, they'd probably want it near 700 ahead of Micron's earnings on June 24th, which is in about a week and a half.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Tomorrow's opening could see the price reach $300.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  Nasdaq futures are only 2.4% away from setting another all-time high. We could see a few more record highs this week.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ SpaceX or not, SOXL will keep thriving and rising because of the insane demand for chips that make up this stellar ETF. Plus, there's still a chip shortage. That's the main reason Elon is setting up Terafab (a company within SpaceX), and Terafab won't be operational before 2028. In the meantime, the companies within SOXL will be supplying chips and their specialized tech solutions to Elon, as well as to all the other major hyperscalers. I'm still bullish on SOXL and holding. The ride up isn't over yet.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ The earnings definitely brought that strong belief back in me. I'm not for gambling, but I'm all in on the semis. On this uphill move, I'd like to see the 370s tested in the near future.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ The break below 160 yesterday was the signal. I think 150 will hold, and then the squeeze we're waiting for should happen.

Nasdaq futures are currently down 7.5% from their peak. Looking back, they moved sideways between September 2025 and March 2026, then corrected 10% before skyrocketing 25% to new all-time highs at a record pace, primarily driven by massive AI adoption. The market might complete a 10% correction first, then resume the strong AI rally. This growth phase is still ongoing and will likely take at least 1-3 years before reaching its peak. That said, the next couple of weeks do bring some volatile events: on/off Iran peace deal, CPI today and PPI tomorrow, SpaceX IPO this Friday, BoJ's plan to raise rates by 0.24 next Tuesday, Warsh's first FOMC meeting next Tuesday and Wednesday, and next Thursday is Quad Witching day. $SPDR S&P 500 ETF Trust(SPY)$ 

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ The fact that the active candle is finding significant resistance and refusing to drop into the 170s shows that the large institutional passive buy limit orders sitting around the 180s are absorbing the selling pressure. I'm holding on.

SK Hynix is up nearly 15%, and Samsung and the KOSPI are up 8% and 7.5% respectively. $Direxion Daily MSCI South Korea Bull 3x Shares(KORU)$  and $Micron Technology(MU)$  look to be headed back over $1000 this week.