$iShares Semiconductor ETF(SOXX)$ 610 was always the floor. They gave you a 20% discount if you still had to buy, but it never had a chance to stay below 610 for long.
I'm still looking at roughly 60% upside to the next target from here, yes, even after the recent run. But let's be real... the air's getting thin. Momentum has already done a lot of the heavy lifting. The risk/reward is tightening. The structure is still tradable if the trend holds. These are the spots that test your gut. Conviction matters more than comfort. Either it keeps grinding, or it cools off fast. Is anyone else watching $Applied Optoelectronics(AAOI)$ the same way? Thoughts?
$Applied Optoelectronics(AAOI)$ AAOI dropping $4-$5 right after the close is a nice touch, adds some potential for the morning trade. This rinse and repeat pattern makes AAOI a solid trading stock now.
$ServiceNow(NOW)$ This feels like it could be the lowest point for this stock. The journey from semiconductors to memory to software looks interesting. If you can hold, there might be 10X potential here. Patience is key.
$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ Statistically speaking, buying at new all-time highs actually has the highest win rate, proven to be over 90%. I don't think we should be afraid just because the market seems “high”—that's what they said at 5000, 5500, 6000, etc.