$Direxion Daily Semiconductor Bull 3X (SOXL.US)$ got hammered as semis broke ranks and sold off. this is a split tape, index up but chips down, which is the worst possible environment for a 3x chip ETF because it just decays sideways-to-down. i scalp it intraday, never hold overnight, and definitely not into a TSMC print this afternoon. respect the leverage or it respects you.
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