$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Semiconductors and memory... there's really no question about their long-term potential. The future demand outlook is in a class of its own. I'm not concerned with the noise from the sidelines. I'm holding for the long term.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ $Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ It's easy to forget we're in a bull market. This recent move looks like a rotation—markets need to broaden out, which is actually healthy in a longer-term uptrend. The volatility might seem dramatic, especially if someone is trading a leveraged 3x ETF rather than investing. Overall, I view this as a bullish signal. Semiconductors aren't collapsing. If you're holding these leveraged instruments for the long term without understanding their mechanics, that's a different issue. Personally, I'm adding to SOXL on $5 dips, treating the fear as a trading opportunity.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ As I mentioned, a temporary loss isn't a big deal if you're confident you could buy back at a lower price. Tech is the future, provided things don't go off the rails.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ PPI came in at -0.3%, compared to the 0.0% forecast and 0.6% the previous month. Combined with the CPI data, these are signals of cooling inflation. Next up is the PCE data at the end of the month.