$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ The market's greed is really going to catch up with anyone who sits this one out. It took another 23% today. Could have been even more, but you can't nail the absolute best entry and exit points every time. That kind of perfect timing only becomes clear in hindsight. No point looking back at what could have been.
$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ Bollinger Bands have been getting narrower and narrower. It feels like this could break out significantly. Also, it's worth noting the VIX is under $16. Meanwhile, Bitcoin momentum seems to be picking up as well. The setup looks like a perfect storm might be brewing.
$SpaceX(SPCX)$ I actually like that everyone is so bearish. So many people were bearish on Tesla, Apple, Nvidia. The more bearish tags I see, the better I feel about buying. Nothing happens overnight. The longer it takes, the more shares I'll have when it does happen.
$SpaceX(SPCX)$ There's so much negativity. Yes, it's hyped and overvalued. But it's not plummeting, at least not yet. It seems like everyone actually wants to own it, and plenty of big names are willing to back it. Nothing says it can't grow into a significant role eventually, so buying the dips and holding for a while makes sense.
$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ I'm not some trading prodigy, but now seems like a decent time to build a short-term position. With SOXL's support levels at 272, 240, and 206, aiming for a cost average of 3.60 or lower makes sense.
$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ It seems the worse the company, the more its stock pumps every day. Nvidia, the original player, barely moves at all. Meanwhile, ARM, Intel, AMD and others are making 5-10% back-to-back daily moves like it's nothing. To some extent, Nvidia is the reason the market isn't down even more, which is kind of funny.
$Applied Optoelectronics(AAOI)$ The volatility here is pretty intense, honestly a bit unnerving. I can't help thinking this is more like a consolidation period before the next leg up. $200 seems to be the psychological resistance, but once it holds above that level, I think $250 is the next target. Patience is key.