$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ SpaceX or not, SOXL will keep thriving and rising because of the insane demand for chips that make up this stellar ETF. Plus, there's still a chip shortage. That's the main reason Elon is setting up Terafab (a company within SpaceX), and Terafab won't be operational before 2028. In the meantime, the companies within SOXL will be supplying chips and their specialized tech solutions to Elon, as well as to all the other major hyperscalers. I'm still bullish on SOXL and holding. The ride up isn't over yet.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ The earnings definitely brought that strong belief back in me. I'm not for gambling, but I'm all in on the semis. On this uphill move, I'd like to see the 370s tested in the near future.
Nasdaq futures are currently down 7.5% from their peak. Looking back, they moved sideways between September 2025 and March 2026, then corrected 10% before skyrocketing 25% to new all-time highs at a record pace, primarily driven by massive AI adoption. The market might complete a 10% correction first, then resume the strong AI rally. This growth phase is still ongoing and will likely take at least 1-3 years before reaching its peak. That said, the next couple of weeks do bring some volatile events: on/off Iran peace deal, CPI today and PPI tomorrow, SpaceX IPO this Friday, BoJ's plan to raise rates by 0.24 next Tuesday, Warsh's first FOMC meeting next Tuesday and Wednesday, and next Thursday is Quad Witching day. $SPDR S&P 500 ETF Trust(SPY)$
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ The fact that the active candle is finding significant resistance and refusing to drop into the 170s shows that the large institutional passive buy limit orders sitting around the 180s are absorbing the selling pressure. I'm holding on.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ SOXL's five-year chart is quite something. Like many, I was contemplating a significant position about a year ago but let it go because my regular index funds (including QQQ) were already doing well. That would have been a feast in hindsight.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Not the first time and not the last that I'll regret selling too early. Bought near 247 yesterday, and it's up another $30 per share after I sold. A quick dip of more than 18% from 262 seems unlikely in the near term. Barring any bad news, I don't think it breaks back below 215 anytime soon. 300 near term.
$Tesla Motors(TSLA)$ Never underestimate a stock with a loyal army of retail followers. It trumps the high P.E. conversation every time. It's what drove Tesla! Follow the retail money. Wish I'd understood that sooner!
$Alibaba(BABA)$ If there is one thing that all BABA investors agree on, it is that $81 is the new bottom. It only goes up from here. In fact, the Snow Clown reiterates $85 by the first day of Fall and $90 by Columbus Day. Who knows, we may even see $95 by Halloween.