$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ $Micron Technology(MU)$ Micron is describing its business and financial performance as exceptional right now. Since the last earnings report, aggregate demand signals from customers have increased even further. The company also pointed out that very tight industry conditions are expected to continue beyond calendar year 2027, based on these stronger demand signals. Micron now expects that 2027 will be even tighter than 2026 because the demand growth taking shape is outpacing supply growth for calendar 2027 on an industry basis.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ I only managed to pick up that closing dip on one account. Still need $140 by morning to even things out and get all my accounts into profit. Hope it works out for everyone.
$Micron Technology(MU)$ $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Heavy volume in SOXL right now. Pretty wild Monday trading. Nvidia apparently offered a $3 billion investment in something earlier, which is probably going to feed into that circular investment dynamic again. I'm guessing that's the reason for its weakness today — it clearly looks like a ladder short. It should be heading toward a liquidity pool, with a gap fill around Thursday's close near 218.70 or so. SOXL is following Nvidia lower. Memory stocks could be in rough shape at the moment, but they're not. That's helpful. Hopefully Nvidia reverses soon. SOXL just bounced off its former 61.8% retrace from the last bull run.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Price is still holding above key support. Buyers seem to be in control of the structure for now. I think there's room for further upside toward the swing high.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ The first 30 minutes move so fast. I need to stop overthinking and just stick with what's been working: buying under 125, selling above 140, and repeating that with half the position.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ A breakout feels like it could be close, or maybe something bigger is brewing. Volume has been fading all day while prices keep climbing. Just my own read, not financial advice.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Bank of America resumed coverage on SK Hynix with a Buy rating and a price target of W3,000,000 on the locally listed shares. The reasoning is that the company's dominance in high-bandwidth memory could set it up for an operating profit super-cycle, which they think Wall Street hasn't fully priced in yet.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ AI hyperscalers are pushing higher across the board. ON earnings came in better than expected, and CAPEX is now projected to go up even more. Feels like this could be heading back above 200 in August.
Chip stocks appear to be pulling in the most leveraged ETF money right now. Leveraged and inverse ETFs tied to semiconductor names now carry massive exposure. SK Hynix leads globally with roughly $5.5B in assets, followed by $Micron Technology(MU)$ at around $5.1B and $NVIDIA(NVDA)$ at about $4.8B. Even $Tesla Motors(TSLA)$ , the largest non-chip name in the group, trails with roughly $3.7B. Overall, semiconductor-related stocks now account for around $21B in leveraged ETF assets. The standout figure is $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ , the 3x semiconductor ETF, which pulled in ap
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ From what I've seen over the years tracking SOXL and its related components, Korea memory could pick up momentum from the US semiconductor and big tech market, and the US semi market might then pick up Korea's momentum in return. This circular momentum could push SOXL to $160 next week or even higher. I'm retired, so nothing I say here is financial or investment advice — I'm just enjoying the trading.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Closed out a trade with decent profit, bought at 94.18 and sold at 111.97. Looking for a re-entry on the swing side, but I'm waiting for a better setup to buy again.