$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ ...
$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ mother of all rallies is going to start before Nvda earnings on Wednesday AH.
Short covering will be huge and new money coming in from sidelines.
Over 10T$ in cash/MM will be looking for higher yields.
My number one Technical analyst Carter Worth is super bullish on Nvda and this sector.
Path to 55 to 60 is clearly here over next 30 to 60 days.
Short covering will be huge and new money coming in from sidelines.
Over 10T$ in cash/MM will be looking for higher yields.
My number one Technical analyst Carter Worth is super bullish on Nvda and this sector.
Path to 55 to 60 is clearly here over next 30 to 60 days.
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Ultratech : soxl is stupid. decay and rebalancing. buy shares or $iShares Semiconductor ETF (SOXX.US)$
10baggerbamm : Carter's a very sharp guy I followed him for many many years. I completely disagree with all of these trillion sitting in money market accounts and CDs is going to chase yield in the stock market I just wrote about that under the utility sector utsl and why it will not happen. some will move maybe 20% the bulk will not. his Sharon shit is not going to move into tech stocks that I'll guarantee I could never say that when I was licensed but I can say it now safe money is always that safe money it's not even going to move into their local utility or a Verizon stock it will always stay in a fixed income capacity because there's a different psychologically to knowing that you have cash on hand not you have to sell a stock to convert it to cash. and a money market is cash and a certificate of deposit is cash and a US Treasury is cash.. a stock could have a very bad day the morning you want to sell and the cash you thought you were going to get is now marked down significantly.
with regard to soxl.. I own it I have puts his a hedge and I have out of the money call sold against my long position.. if Nvidia raises guidance higher than the anticipation was and that's the only way this is going to create a rally.. then s o x l I think by the end of the week will be 46, 47 realistically maybe a little more intraday. I don't see it pushing to 60 as much as I'd love it to happen I don't see it happening until after the elections into the new year. when the market has already made its rotation and sacrifice the tech stocks for a source of monies into other sectors and then I believe you'll get a gradual accumulation. that will push the tech stocks SOXL in next year probably by Q2 into the high 50s maybe touch 60