$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Bear math: it just can't keep going up. No fundamentals. No reasoning. Just the idea that it can't keep going up. Well, you clearly haven't traded Direxion ETFs much. I've watched $Direxion Daily Junior Gold Miners Index Bull 2X ETF(JNUG)$ spike from $100 to $200 in a single day. TECL went from 50 to over 200 in a month. SOXL recently moved from 90 to 150 in less than 2 weeks. If AI is overextended, don't you think TECL would be down the hardest? The messages I get are fuel to this fire. SOXL $200 and SOXS back to the teens and under. Nobody buying SOXS is making money.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ 141.75Reclaimed VWAP, pulled back to touch it, and now bouncing hard again, already pushing toward green. Acting squeezy. DRAM names like SK Hynix, MU, and SNDK are running hard. Had been waiting for MU to finally make a move. Just wish it had waited for the premarket session, since I only have one account with overnight access.
$Microsoft(MSFT)$ Price is moving inside an uptrend channel and getting close to the supply zone. From here, a push higher into supply still looks likely. If supply rejects, that could set off a move to the downside. Bias: bullish toward supply, with some downside risk right at the zone. $Intel(INTC)$ $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ 141.32Chips are still weak, with SOXX down 12.79 to 559.89 and QQQ off 0.9%. The only thing circulating is more talk that an AI slowdown is needed for safety. To me this is all FUD — nobody is slowing down for nothing. MU earnings are due Wednesday.
Stocks had a strong session Monday as oil prices dropped and AI-related enthusiasm picked back up. Tech led the rally, while Bitcoin moved higher too and added to the broader confidence in the market. Attention is now on the upcoming Trump-Xi meeting, especially around trade and AI developments, though higher interest rates and Middle East tensions remain risks. Overall, sentiment looks bullish given the tech momentum, lower oil prices, and gains across the major indexes. $ProShares Ultra Bloomberg Crude Oil(UCO)$ $Invesco QQQ(QQQ)$ $ProShares UltraPro QQQ(TQQQ)$ $Direxion Daily Semiconductors Bull 3x Shares(