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SOXL

Semiconductor Bull 3X Direxion

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About Semiconductor Bull 3X Direxion

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Went all in on SOXL calls 25 strike, expiring 4 days after NVDA earnings. SMCI reports in 11 days, I need their earnings to be a blowout ![img](emote|t5_2th52|18630)
Buy SOXL AH yes. Monday red Average down Tuesday red average down Wednesday red average down Earning calls good or bad average down or up my average 26 now. Yes this week did blow but ya know. Average down.
i thought the same, bought calls on SOXL to play it
SOXL barely did worse than nvda, so they should feel lucky
I'm not mentally prepared to check out the gain posts. Someone must've had SOXL or NVDA FDs
no problems Willy :) watch the market bounce up on monday, i have calls on SOXL, ill be taking profits before more dumps
Holy shit just checked and actually up today?? I guess they were right at RBC wealth management not to put it all in TQQQ and SOXL. Funny how I was pissed last month with the 20% gain compared to the Nasdaq. Remember the boring abbv, banks, hon, MCK and TRV plus utilities and energy
SOXL from 57 to 30 in a month
3600 shares of SOXL with a cost basis of $38 AMA
**Stock Market Daily Report:** April 19th, 2024 was the 76th trading day of the year where the $SPY went down 🔻0.88%. $SPY is currently up 🟢+4.78% YTD. Green/Red Days This Year: 🟢38-38🔻 Days With More Than +/- 1%Moves: 🐂7-7🐻 Today, marked the 6th consectuive day that $SPY has gone down. ⭐⭐⭐The last time $SPY had gone down 6 days in a row was back in September 2022. The last time $SPY went down 7 days in a row was back during the Februrary 2020. The last time went down 8 days in a row was back in December 2018⭐⭐⭐ **$SPY Weekly Cycle Analysis** Picture to the link down below shows the weekly cycle for the $SPY. We are at that point where we have stopped making higher highs and higher lows. We are now making lower lows and lower highs. The bigger cycle is expected to make a correction sometime mid-June. Big rally till November election expected after correction to make new ATH. Picture down below from @ Steve Miller YouTube channel show where the correction could possibly end. https://im.ge/i/Picture2.ZukkmC All dips below 5% should be bought as this is an election year and ATH are expected to be made. $SPY Leveraged ETF: $UPRO = 3X Bull, $SPXL = 3X Bull, $SSO = 2X Bull, $SPXS = 3X Bear (Leveraged ETFs decrease in value in the long term) **$SPY Election Seasonality** Below picture from @ AlmanacTrader and @ Ryan Detrick on X shows you seasonality during election year. Shows stagnation in May, then rally in the summer all the way throguh November elections. https://im.ge/i/Screenshot-20240418-163846-X.Z28P8P https://im.ge/i/Screenshot-20240418-091536-X.Z1Hjpa $SPY Moon Phases: Picture below shows you what happens to $SPY during certain moon phases. Most of the time after a full moon there has been growth and after a new moon we can see periods of stagnation.  Next full moon = April 23, 2024. https://im.ge/i/Picture4.Zunl4P $SPY May Analysis: 1. $SPY has been up 9/10 times during the month of May the last 10 years. Average Returns = +0.89% 2. Despite this, be careful before betting your money for May to be positive for reasons I have explained above in the “$SPY Weekly Analysis” section as the major cycle for correction ends towards mid-June before we go back to ATH. Picture Below Shows Monthly Average Gain For $SPY For Last 10 Years: https://im.ge/i/Picture6.ZOvVJX NVIDIA ($NVDA) May Analysis: Chart below shows you the average monthly returns combining the last 10 years for NVIDIA ($NVDA): Since 2014 (last 10 years), the month of May has been up 80%, average returns 12.62% for the month. This is the highest percentage gain out of any of the months within the last 10 years. https://im.ge/i/ZuksTP Since 2009 (last 15 years), the month of May has been up 67% of the time, average returns 6.77% for the month. https://im.ge/i/Picture3.ZuHXSY $NVDA Leveraged ETFs: $NVDL = 2X Bull. $NVDS = 1.25X Bear (Leveraged ETFs decrease in value in the long term) $SOXL May Analysis: The ticker symbol $SOXL which is a semiconductor bull ETF that gives you 3X returns. (Depreciates Long Term Wise) Picture below shows the data for the last 10 year (since 2014) that gives you the results for the month of May. For the last 10 years, $SOXL has been up 9/10 times, average returns 🟢 +16.88% https://im.ge/i/Picture5.ZFMO9M TESLA ($TSLA) EARNINGS ANALYSIS: $TSLA Earnings Are Schedule April 23, 2024. Data Gathered From All $TSLA 🚘🚘🚘 Earnings Since 2019: 1. Earnings since 2019, $TSLA next day has been down 🔻14 times and up 🟢 only 7 times. Averages for red days are 🔻-6.23%. Average for green days are 🟢+7.99%. All the last 21 earnings give an average drop of 🔻-1.83% the next day. 2. The last 4 earnings $TSLA has been 🔻 red 4/4 times. Average drop for each of the last 4 earnings 🔻-10.23%. 3. Besides playing options, if you want a safe route here are the ETFs that can give more returns on $TSLA: $TSLL = Bull 2X. $TSL = Bull 1.25X $TSLS = Bear 1X (Leveraged ETFs like these depreciate long term) *ALWAYS REMEMBER: Outside events like war, inflation, policies, etc, do not matter. Everything is priced in. "The news does not determine the stock market." The stock market determines the news* **Link to my previous post** https://www.reddit.com/r/wallstreetbets/s/5tuU4mtMyN If you want me to analyze a stock, then reply below 🔽🔽🔽 and i'll see if there's any major trends I find...
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