$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ ...

$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ I believe that we will see this ETF be at least $34 by the end of December.. every sector rotates in and out of favor. the most recent sell-off was due to ASM and AMD. these two companies are what triggered the sell off in the short sellers the institutions dumping. ASM had problems within their automotive division it's been week now for a year. AMD they have divisions within their company the gaming which suck it should just be sold off divested closed down it's a lag it makes them money but there's no growth there's really no upside. there is only downside and a reason to sell the stock and to sell the sector and to sell the basket. the reality is everybody understands now that Nvidia has had a banner quarter, heads will prevail and they will buy chip stocks they're not going to pound their chest and tell you I'm buying because they need to cover the short positions and they need to establish longs but once this gets back into the $30 range of $31 range you'll start to hear these bobbleheads on TV coming out of the woodwork like cockroaches saying the chips look really good here for a rally.