To The Moon

$Micron Technology(MU)$ The earnings report was a masterclass. That's the kind of headline the shorts and bears hate to see. $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ 

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  I don't usually hold this overnight, but today I'm hoping the Asia markets will rally further on the Micron report. Will we see 280-300 soon?

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ SOXL got up to $265 before pulling back. That was a nice run.

Quick updates before I head out: The FOMC used 2-to-3-month-old data from before the oil crash to vote on a hawkish dot plot, pushing the probability of a September rate hike near 50%. There's a view that future decisions should use real-time data and eliminate these stale dot plots. Unfortunately, the market is currently structured around this outdated dot plot, driving up 2-year yields and the USD, which is triggering a negative chain reaction for metals and rate-sensitive stocks. On the flip side, 10Y and 30Y yields are reacting to falling oil prices and are dropping. Lower oil prices take 1 to 3 months to impact CPI and 2 to 3 months to hit PCE, and that's when a USD correction is expected. While current market pressure stems from rising short-term yields and a stronger dollar, the AI

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ $iShares Semiconductor ETF(SOXX)$ The smart money is adding. V is already back in the green, and the move is underway.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Congrats to the bulls. The $300 mark has been reached. Next target is $400.

$iShares Semiconductor ETF(SOXX)$ Smart money adding here

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  277.78Pre-market down 1.50 (-0.5%), had a bigger dip below VWAP, then a sharp bounce to reclaim VWAP yet again. Now pushing off VWAP, it's still toying with the idea of going green. Chips have all the momentum, buy the dip, sell the rips. This overnight trading has been very nice; nice technical setups and follow-throughs. Just don't use too much leverage as volume is thin, and you don't want to be caught if there is some breaking news.

$iShares Semiconductor ETF(SOXX)$ SOXL hitting new all-time highs every day.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  This is nuts, we're just chilling at all-time highs.