MU posted adjusted earnings of $33.42 per diluted share, beating the $31.16 analyst consensus. Revenue came in at $54.23 billion, above the $50.45 billion estimate. Fourth quarter adjusted gross margin improved to 87.0% from 84.9% in the prior quarter. Adjusted operating income rose to $44.64 billion from $33.68 billion, and adjusted net income climbed to $38.40 billion from $28.86 billion. MU also guided first-quarter results above expectations. The company sees first-quarter fiscal 2027 revenue of $61.5 billion, plus or minus $1.5 billion, versus the $56.77 billion consensus. Adjusted EPS is expected at $38.15, plus or minus $1.00, also ahead of the $36.02 analyst estimate. The outlook points to continued strength in AI-related demand. $Micron Technol
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Threw caution to the wind and held my 137 buy from yesterday; sold at 152.07 during the 4 minute window it exceeded. I'll do the same again, but at the lower percentage I target daily.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ 65% chance this is a short squeeze continuation. The mechanics are fairly straightforward here. Retail and institutional short sellers who sold the late-day dip are now caught off guard by this $144.60 gap up. When the regular session opens, those shorts will likely be forced to buy back shares to limit losses. If buying volume stays dominant, SOXL has an open air pocket to run straight to $148.00, which would pave the way for a swift move back toward the $150.00 level later this week.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ 140.88Down 1.42, about 1%, but it rallied back over VWAP as the end-of-day SKHY and Kospi move lifted QQQ and SOXL. I've seen this setup before, so I got in once I saw SKHY and MU start moving. The overnight action is wild.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ I will probably hold this overnight. My buy at $136.50 looks like a pretty safe bet right now. With my stop loss in place, I will make a profit. Nobody can call the top or the bottom. You just need to be close, smart, and especially lucky.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Doesn't look like my orders are getting filled this morning. Meanwhile, the bears are acting like this is the drop of the century and it's heading to zero soon.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ 151.29SOXX is up 6.22 points, or 1.1%, to 572.29 in overnight trading, adding to a strong overnight move of +4.92, or +3.4%. Chips are seeing aggressive buying even with rates elevated. At this pace, it looks like the Federal Reserve will have to hike a few more times.
I'll still come out fine either way. Look at $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ , it's 3x, but the same principle applies. I'll exit when my indicator says so, but this still looks like it's just turning off the bottom. That principle works the other way on the way back up too. You're used to a lot of rough candles. My average is $30, and I bought a bunch under $30. I only play monthly bars with these when they're way at the bottom like this. It's just rounding the first turn.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Was the dip mostly about options expirations? I can't really find any major reason for the pullback. It should bounce back, though the question is how long that might take.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ A shallow pullback that holds the psychological 150 level looks like a high conviction continuation setup, with the next target being a clean break of the 152.50 wall.
The market is looking extremely bullish right now, with the Nasdaq up more than 2%, Bitcoin pushing higher, and major tech names like $Meta Platforms, Inc.(META)$ , $Advanced Micro Devices(AMD)$ , and Intel showing strong momentum. What makes this move interesting is that there doesn't seem to be one clear catalyst behind it, though the 10-year Treasury yield falling below 5% could be helping sentiment even with the continued uncertainty around oil prices and geopolitical tensions. A lot of these names are already technically overbought, so I wouldn't want to chase at elevated levels, but I also wouldn't try to call the top and short too early while momentum stays this strong. I'm staying patient