$Intel(INTC)$ Earnings are coming up next Thursday, and past reactions have been pretty wild. The last quarter's report actually led to one of the better post-earnings moves, given the improving situation back then. So it'll be interesting to see if we get a repeat, especially now that the stock has pulled back about 25% from its 52-week high.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ As anticipated, CPI came in much cooler at -0.4% for the month, lowering the annual rate from 4.2% to 3.5%. PPI is also expected to be cooler. Banks beat both top and bottom line earnings, though they're pulling back a bit—not entirely sure why on that move. The USD and the 10-year yield are dropping on the news. If it weren't for surging oil prices, the market would likely have seen a much bigger rally.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ There's a chance we see a gap up. Despite the geopolitical noise, the market seems resilient. It's starting to feel like the story of the boy who cried wolf. Each dip just looks like another buying opportunity.