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Buying On Hopium Please click here for an enlarged chart of Direxion Daily Semiconductor Bull 3X ETF (NYSE: SOXL ). Note the following: Semiconductors reflect the AI trade, and SOXL is the momo crowd’s favorite. The chart shows SOXL bounced above the top band of zone 3 (support) on Friday due to triple witching buying.
U.S. stocks are higher in early trade as triple witching approaches, oil falls and investors focus on rate-cut hopes. The piece also cites stronger AI-related money flows, softer housing data and mixed macro prints.
() -- US President Donald Trump said Tuesday he had abandoned his plan to charge a transit fee on ships passing through the Strait of Hormuz, while signaling possible additional sanctions on Iran and outlining a stronger US-Iraq energy partnership. Trump made the remarks during a bilateral meeting with Iraqi Prime Mini
Trump: Gulf States are going to invest in U.S. and I think that's better
Brent crude futures fall to lowest level since February 27 as concerns over shipping disruptions ease
Brent crude futures fall to lowest level since February 27 as concerns over shipping disruptions ease
Brent crude falls to its lowest level since the day before the U.S.-Iran war as concerns over shipping disruptions ease
Oil prices fell as concerns over disruptions to shipping through the Strait of Hormuz eased and Trump accused oil firms of 'gouging' consumers