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

$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ you can see for yourself and went right to the 20-day moving average and reversed everybody else sees this and you see the general trend of the moving average the purple line. we're just cruising around there will come a point and I thought we reached it because Friday last week we rallied $29 and change yesterday approach $30 today cross $30. it looked like it was genuinely under accumulation again by institutions and I heard several bobbleheads on TV saying how software has rallied so much it's overvalued and they're not optimistic that they are repositioning into the chip sector at this point in time because of the extent it has sold off. that being said it's very difficult to fight an algorithmic cell program it's impossible the monies that institutions have that these hedge funds have is a blank check it's endless. and despite this morning at trading up over $30 pre-market obviously this ETF fell victim to several different reports. the first one that I heard was a report that was addressed by the CEO of micron micron increase guidance next quarter as well as next year and this report came out a couple of weeks ago saying that dram prices are going to come under pressure next year and micron will be the next super micro that was in effect comparing micron with great financials to super micro who's cooking the fucking books that's an effect what it said that they're going to collapse like super micro stock. that same report was spread all around yet again not saying that micron is bad financials but saying that as a result of declining demand for dram they're going to have to cut their prices their margins are going to deteriorate the profits will be less and they will disappoint so micron is down on that news and I think that weighed on a lot of the other dram chip manufacturers. you have to understand the people that write these reports are aligned with hedge funds they collude and they're able to create a chain reaction even if it's a bullshit report because there's no accountability for what they write. these hedge funds can literally have a friend sit in a room and say you know what we think the sector's over value to be great if a report was written that reference that and then the bobblehead comes out writes a report it gets publicized it's on every station and the hedge fund already has a huge short position.. makes a shit ton of money on the way down when everybody else panics and sells. everybody's running into financials right now saying how they're going to benefit from lower rates but you know what I can end that real quick with one argument if Trump actually doesn't pose sanctions on these countries and you do see a 25% and a 10% increase in tariffs immediately that is inflationary and you know what the FED would say about that we can't cut rates you know who will fall when that happens that's right your bank stocks and your small caps will get decimated but banks in particular. so don't panic is the bottom line take a step back have a drink take a pause relax investing is a marathon it's not a Sprint even though some stocks go parabolic in two days