$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ I'm holding 127 calls for both the 9/21 and 10/2 expirations, along with my shares. The next major resistance level looks like 150-160. Hopefully we can push higher from here.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ 1067.81Up 2.86, or 2.8%, after an opening pop. It has been pulling back since, but on low volume. I'm waiting to see the selling stop, and then there might be another move back up. A lot of the movement is just tracking SKHY, which is also pulling back. So once those memory chips stop pulling back, I'd look for a bounce. They're annoying, but they're the main source of volatility in SOXL, so you have to keep an eye on them.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ I honestly don't even care what the price action is today. I've held bitcoin for over 7 years. Nobody touches the discipline of coin holders. The rate hike is priced in at this point. No change means a rally.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Nothing will happen, stay long. Yields have topped. The next Fed action is pointless and too late or too weak anyway. The Fed will be buying long-dated bonds from now on. It's a clown show that doesn't end. Buy gold and stocks. Chips are still the best stocks.
KOSPI to hit 9,300 by EOY. That could rebound $Direxion Daily MSCI South Korea Bull 3x Shares(KORU)$ back near ATH near $64. A September 8 broadcast on Chosun Ilbo Money, the Chosun Ilbo Economic Department's YouTube channel, featured Moon Nam-jung, a researcher at Daishin Securities, analyzing the direction of the domestic stock market in the second half of the year and strategies for key leading stocks. Despite market anxiety from the Bank of Korea's consecutive base rate hikes and a sharp rise in U.S. Treasury yields, Moon said the KOSPI index could reach the 9,300 level in the fourth quarter, and that semiconductor investments in the leading sector remain valid. $Micron Technology(MU)$
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Anyone else notice what that drop did for AVGO? It landed right on a trend line it has a history of bouncing off hard. Right now it's also showing what looks like a small intraday cup and handle. Just putting it out there for anyone who's watching.