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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: #Breeze who wrote (16025)	6/3/2023 12:02:05 PM
From: Kirk ©	1 Recommendation Recommended By POKERSAM Read Replies (1) \| Respond to of 26768

Bears loading up on inverse semis? SOXX Wave Count Update. Sub-wave 3 hit its objective. Wave threes are explosive. Breeze From Bob Pisani email: link.cnbc.com Reversal for chip stocks in the cards? It’s because of the recent runup in individual AI-related stocks and ETFs that many analysts are now predicting a short-term snapback in semiconductor stocks. Some on Wall Street are worried the boom has gone too far and are even resorting to buying leveraged funds to bet on a near-term reversal. Among the top 10 ETFs enjoying inflows over the past week, the Direxion Daily Semiconductor Bear 3x Shares ETF (SOXS) pulled in more than $400 million – despite the fund being down 70% year-to-date. Meanwhile, more than $500 million were pulled out of Direxion’s Daily Semiconductor Bull 3x Shares ETF (SOXL) over that same time period.