$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Honestly, this has been the best ticker in the market to day trade this year. I only wish I had figured it out sooner. And it's not just because it's a 3x ETF - I've played plenty of those - it's because the IV gets jacked here so easily, which makes selling options absolute gravy. You don't have the insane risk of holding a single ticker like $Micron Technology(MU)$ , but you can still get the rewards.
Warsh's Jackson Hole speech is set for 9AM CDT. He's said more than once that he'd rather talk about where the economy currently stands than give any future signals. To market makers, though, this looks like a chance to stir up volatility and profit from it. My initial take is that USD and US bond yields could get choppy, and that might lead to sharp swings in gold, silver, BTC, and the broader market. As for how I see it playing out, Warsh isn't the type to hint at what's next, so I'd expect any volatility to be mostly manufactured by market makers and high frequency trading. That's why I'm looking at reversal setups on extreme moves in either direction. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ
Stock futures moved higher Wednesday night, mostly on the back of strong earnings from several major tech companies. Nvidia gained more than 4% after beating expectations and guiding for strong revenue growth. Salesforce and Okta also rose after posting better-than-expected results. Now attention is turning to the Federal Reserve's Jackson Hole meeting and more company earnings. Overall, the tone feels bullish to me. Strong tech earnings seem to be giving investors more confidence in the market. $Invesco QQQ(QQQ)$ $NVIDIA(NVDA)$ $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ $ProShares UltraPro QQQ(TQQ
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ The chop looks about done, and it feels like it's ready to pop. There was that article about someone who put $1M into SOXL, lost roughly 80%, held through it, and it ended up turning into $7.5M. That's quite a story. Diamond hands.