$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ ...
It's going up! 💰
SOX is currently lagging behind the S&P500. Looking at the NVDA earnings, we might consider the weight of semiconductors in the coming years.![]()
But there seems to be room for an increase up to around 240-243... Even if there are sales, it looks like it will stabilize around 220✨ Of course, it depends on NVDA... I don't currently own NVDA, so I'm not looking into it in detail, but it seems like it could go up to around 154? However, there's also a possibility of 140-132, so it's a bit uncertain 💦
I will observe today and see how close we get to the support line of SOX before deciding whether to go long or short! However, my instinct as the 'earnings locust' is warning me that 'shorting is dangerous,' so I'll wait and see for now when looking down below!
Currently looking at SOX 267-270 by the end of the year, but I think there could be 276-293 depending on NVDA's earnings!
Since today is the weekend, I think the market will be relatively calm. Have a great weekend! Ciao👋
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codeOZ(家長) : SOX seems to have risen too much with the window open, so if it is expected that the momentum will not continue, it seems that taking profits once is likely. The FOMC's integration is too perfect, resulting in no movement. It would be easier to understand if it becomes three empty spaces, but there seems to be no mistake in taking profits or even selling further.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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普通のエビ OP codeOZ(家長) : Is shorting also a thing overseas?
Conversely, if you can create a long upper shadow in today's daytime market, it might seem like a selling opportunity... I don't think there was any particular overheating in the semiconductor sector due to the Trump trade, so although there is a chance of winning, the risk-reward ratio seems a bit delicate 
. I also feel like cryptocurrencies like ETH, SOL are entering the FOMO stage, and there are some laggard stocks, so I thought it would be more efficient to hunt there over the weekend. I personally believe that taking profits in a conservative manner based on fundamentals performs slightly worse in a rapid surge market compared to a range market, making it the safest short-term option 
. What I am most concerned about is the PE ratio of the S&P500 
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codeOZ(家長) 普通のエビ OP : I wonder how bearish it is.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
If you ask Mr. Pinhane, it seems like he should know, but because it's technical, there are likely similar ones. Semiconductors seem to be rising too much with the windows open, but strangely, it's not really overheated.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
I'm curious about the mechanism of buying at high prices and selling at low prices outside of trading hours when there is no movement during regular trading hours with low volume.
普通のエビ OP codeOZ(家長) : I'm watching with SOX so I can't really say anything about individual stocks, but I feel like the volume during market hours is decreasing. The lack of overheating may be due to the uncertainty in the overall direction of the industry, whether the financial results are good or bad, and some doubts about Trump's semiconductor policy. There is a theory that perhaps Asia is buying and selling around this time? Well, it's hard to say, but I think interest in semiconductors has cooled off for now. If there are also counterparts overseas, the number of people who rely on them and the amount of capital would be significantly different, so it could be the basis for trading, right?