To The Moon

$iShares Semiconductor ETF(SOXX)$ OpenAI CFO Sarah Friar mentioned that Anthropic could go public in September. That likely explains the big move in software recently, and I suspect the semi sell-off is getting close to running its course. Not saying it's over, but it feels like we're getting near that point. $Direxion Daily Semiconductors Bear 3x Shares(SOXS)$  $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  $Roundhill Memory ETF(DRAM)$  $SPDR S&P 500 ETF Trust(SPY)$ 

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ First there was a massive sell-off, then Citadel came through with a liquidity sweep trying to flush out Leopold, and now SOXS wants to take it down. It's the most hated ticker on Wall Street, and that's why I'm a proud owner.

$ProShares UltraPro QQQ(TQQQ)$ Before I take my next position, I want to get a sense of how many people are buying and holding this overnight. $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ 

Bought $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  for daytrading. I think it hit the low of day and is building a double bottom on the 3-minute chart. $Roundhill Memory ETF(DRAM)$  was bought in my regular account. If it bounces here and holds up into the close, maybe I'll treat it as a swing.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  Up 6% in today's market. Very bullish. Imagine where this goes when the Nasdaq is up 300 points. Rotation back into semis is happening in real time. Extremely bullish.

Memory and chips are the strongest today. $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  DRAM.X $Direxion Daily MSCI South Korea Bull 3x Shares(KORU)$  $SanDisk Corp.(SNDK)$  $Micron Technology(MU)$ 

$Qualcomm(QCOM)$ SOXL has been stuck in a neutral sideways range for a while. I'm waiting for it to reach the lower Bollinger Band, around the $147 area, before adding more.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ $Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ My SOXX target of hitting at least 560 on the bounce was reached, but the level didn't hold at all. It got rejected near the 50 DMA. Still, the technicals suggest the bias remains to the upside, and we're sitting right at channel support now. Getting past 562 resistance is needed to eventually reach 583, with a chance to test as high as 615 by the end of the month. NVDA earnings, which are due in the last week of the month, could keep semis supported. A lot can change between now and the next 8 sessions, but the technicals do support a higher move from these levels. The cautious part is that

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  I'm planning to sell at $300. Long-term holder here. Not in a rush, just buying and holding.

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ 153.18 is most likely the close, but there's a lot of liquidity sitting around 154-155. If that wall gets eaten through, it could get interesting.