$Direxion Semicon Bull 3X(SOXL.US)

SOXL is swinging hard around $264 after the Computex hype and overnight software reactions. Despite triple-digit gains this year, money is leaving the fund while retail piles into the inverse bear trade.

To me, that says people are trying to time a leveraged product, not price the actual semiconductor demand cycle. Compute demand is still strong, and capacity remains tight.

I’m not treating SOXL like a normal equity holding. It’s a liquidity and momentum tool, so position sizing matters. When consensus says the sector has peaked but flows still show underallocation, that friction is exactly what I’m watching.

@Bridge Buzz SG