$iShares Semiconductor ETF(SOXX)$ Closed my SOXS swing for profit and repositioned again. Market makers keep working the range, so I'm just moving with them. Takes some effort, but as long as it keeps generating gains and I stay positioned for a bigger move, I don't see a reason to stop. Currently holding 1,000 shares at a $44.17 average. If INTC stays flat or below $100, and SOXX stays flat or below $548, that's a decent signal for the SOXS trade. Even SOXX below $551 suggests limited upside without a major catalyst.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ I think we might be set for a move higher. There are a lot of views on the big July sell-off, but to me it looked heavily driven by the Korean index rebalancing—that was a known, forced mechanical sell—and a historic number of lock-ups expiring at Chinese memory and AI tech firms last month. It was a pretty straightforward short trade with all that selling pressure telegraphed. That selling looks exhausted now in both Korea and China, so maybe we can push to new highs. $Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ DRAM.X $SPDR S&P 500 ETF Trust(SPY)$
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ It seems like a lot of this is just market psychology at play. Over the last few years, hundreds of billions have gone into AI investment. Are these semiconductor companies really going anywhere? I doubt it. Sure, watching the share price drop isn't pleasant, but the underlying demand for chips isn't going to decrease. If anything, it's likely to grow significantly.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ That's quite a rollercoaster. The market dives for no clear reason and then skyrockets for no clear reason. Even ASML and TSMC couldn't lift it back up. Still holding from $178. Another day, another lesson. Hoping for a reversal with the broader market.