NQLooking at the Nasdaq futures chart, the 28,408 to 29,000 area has been a pretty solid support zone since May, outside of that brief capitulation in July. Last week's hard selloff held right at 29,000, and the more recent selloff tried to bounce from there until a sudden spike in oil pushed it down to 28,823. As oil retraces, NQ is crawling back up. Since early October, NQ has been making lower highs and lower lows, with every rally attempt rejected at the upper boundary of that downtrending channel, including the most recent one. NQ still needs to break through the stubborn resistance at 30,178 to make a new all-time high. Most likely this selloff has capitulated, and the market should rebound somewhat going forward, but if it does fall more, the 28,408 level looks like the next support
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Looking at the RSI chart, SOXL's RSI looks ready to bounce off the trend line. There's also an inverted H&S setting up. Minor earnings from AMZN, INTC and others, plus the Tuesday election, seem to be keeping traders cautious.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ $iShares Semiconductor ETF(SOXX)$ $Intel(INTC)$ I'm guessing SOXX will reduce INTC and shift more funds into names like AMD that look ready to climb back up. They'll figure out where the best opportunity is going forward. SOXX should bottom out quickly at the white line, and then semis should all start climbing in a risk-on move. After the Tuesday election, semis will take control.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ I had a $3.00 trailing stop-loss on it, and it auto sold at $101.76 on the dip before I woke up. It's all good. I did 18.22% on it in a tax-free Roth since I bought it last week. I'll jump back in again.
$Netflix(NFLX)$ $Uber(UBER)$ Taking a starter position on these two at their 52-week lows, with an eye on where things stand a year from now. Target date October 30th 2027.