Community/SOXX
AInvest curates key KOL insights on SOXX.
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After shrugging off $AVGO -12.6% on Thursday, the strong jobs report drove the 2yr yld +10bps to the highest levels since early 2025 & S&P -2.6% on Fri. For the wk, S&P/Nas/SOXX/Mag7 were -2.6%/-4.7%/-4.7%/-5.8% despite oil -3% to $91.
This is what I posted on X on last Sunday night “Over the near-term, the overall market at some point will need to take a breather from increasingly overbought technical conditions. After nine straight weekly gains, the S&P is now up 19% from its recent closing low on March 30th. But I feel like any losses will be contained to the typical ~5% pullback which is typically seen three to four times per year.”
After being up for nine straight weeks, the S&P went from an all-time closing high on Tuesday June 2nd and 14-day RSI of 75 to an RSI of 49 on Friday June 5th and down 3.0% from that Tuesday level.
During the internet infrastructure buildout between December 31, 1994 and the peak on March 10, 2000, the S&P tripled, the Nasdaq went up 6.7x and the SOXX Index advanced 9.5x. The S&P during this time had its 14-day RSI cross below 70 (overbought level) fifty times. 36% of the time, that day was the low point before it crossed back above 70 again. 42% of the time the low was reached within 2 trading days and 62% within three days. The average was 10 trading days to hit a short-term low and down 2.5% on average from the overbought level before the advance started to the next overbought reading.
Next week, there will be several potential market moving events. The $AAPL WWDC is on Monday. With the stock price surge into this event, a sell the news reaction would not be surprising much like with recent tech results. But I am bullish longer-term given after a 2 year wait we should finally get an AI infused iPhone. I am also very bullish on the larger form factor of a foldable phone that has driven major upgrade cycles in the past. Samsung introduced a foldable in 2019.
CPI on Wednesday will be closely watched along with how bond yields react. $ORCL results are also that day which should be solid given recent commentary from major customer OpenAI as well as related hyper-scaler cloud results. Having said that, a new CFO may want to set very achievable initial FY27 guidance that could disappoint.
The ECB is likely to raise rates on Thursday since being on hold after cutting rates in June of 2025 to 2.0%. Commentary will likely set the bar for the Fed in the following week.
Over the long-term I remain bullish given: 1) S&P earnings are expected to increase 25% this year driven by the advent of Agentic AI, 2) I believe oil prices will come down to the $80ish level given the political toll it is extracting on the US administration every day that the Strait of Hormuz is closed, and 3) new Fed Chairman Warsh is likely to push back against calls to raise rates. I view this recent pullback as well needed to work off the recent froth versus marking "the top."
All the best in the week ahead.
This is what I posted on X on last Sunday night “Over the near-term, the overall market at some point will need to take a breather from increasingly overbought technical conditions. After nine straight weekly gains, the S&P is now up 19% from its recent closing low on March 30th. But I feel like any losses will be contained to the typical ~5% pullback which is typically seen three to four times per year.”
After being up for nine straight weeks, the S&P went from an all-time closing high on Tuesday June 2nd and 14-day RSI of 75 to an RSI of 49 on Friday June 5th and down 3.0% from that Tuesday level.
During the internet infrastructure buildout between December 31, 1994 and the peak on March 10, 2000, the S&P tripled, the Nasdaq went up 6.7x and the SOXX Index advanced 9.5x. The S&P during this time had its 14-day RSI cross below 70 (overbought level) fifty times. 36% of the time, that day was the low point before it crossed back above 70 again. 42% of the time the low was reached within 2 trading days and 62% within three days. The average was 10 trading days to hit a short-term low and down 2.5% on average from the overbought level before the advance started to the next overbought reading.
Next week, there will be several potential market moving events. The $AAPL WWDC is on Monday. With the stock price surge into this event, a sell the news reaction would not be surprising much like with recent tech results. But I am bullish longer-term given after a 2 year wait we should finally get an AI infused iPhone. I am also very bullish on the larger form factor of a foldable phone that has driven major upgrade cycles in the past. Samsung introduced a foldable in 2019.
CPI on Wednesday will be closely watched along with how bond yields react. $ORCL results are also that day which should be solid given recent commentary from major customer OpenAI as well as related hyper-scaler cloud results. Having said that, a new CFO may want to set very achievable initial FY27 guidance that could disappoint.
The ECB is likely to raise rates on Thursday since being on hold after cutting rates in June of 2025 to 2.0%. Commentary will likely set the bar for the Fed in the following week.
Over the long-term I remain bullish given: 1) S&P earnings are expected to increase 25% this year driven by the advent of Agentic AI, 2) I believe oil prices will come down to the $80ish level given the political toll it is extracting on the US administration every day that the Strait of Hormuz is closed, and 3) new Fed Chairman Warsh is likely to push back against calls to raise rates. I view this recent pullback as well needed to work off the recent froth versus marking "the top."
All the best in the week ahead.
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007ggman:S&P -2.6% on Friday, 2y yield +10bps, RSI 49 from 75; weekly losses averaging ~5% post-9-week streak, consistent with prior overbought pullbacks.
pellosanto:Feels heavy; I’ll wait for a cleaner bounce.
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$SOXL $SOXX $SOXS Good evening! What do you think the closing price of $SOXL will be tomorrow (06/09/2026)? Just for fun, no trading based on this.
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AngloWaxson:For those thinking long term, how do you separate NVDA’s fundamentals from the ETF mania? If AI demand normalizes, do levered ETFs like SOXL still make sense, or is this just a leveraged gamble on volatility?
No_Price_1010:Levered ETFs chasing hype; classic pump-and-dump setup.
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$SPACZZX.P I mentioned "trillions in revenue by 2035 and 2040" but no one shared a solid plan. If every AI company is guessing same growth, will our GDP double by 2030...like growing 10-15% yearly for five years just to match AI alone...but that's not the whole economy. It's national GDP, not one company. I'm confused. $TSLA $MU $SOXX Let's figure this out
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$SOXS how is $SOXX just jumping up overnight man this market is so messed up I'm completely fed up with it just pure gambling no real stuff no nothing
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Outrageous_Switch_59:Is this a real trend or just noise?
Antinetdotcom:I’m not convinced this is anything more than noise. Liquidity’s thin, correlations are weak, and fundamentals haven’t changed. Feels like chasing momentum without any real catalyst.
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stonkdongo:Kinda torn here—feels like a panic squeeze, but I’m tempted to nibble NVDA on volatility spikes and hedge with puts.
TheOSU87:So they’re dumping Korea and forcing semis to unwind?
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$SOXS $SOXX $SOXL SOXX might reach 618 again, maybe hit 650, possibly even 700. But in all these cases, you can scale into your shorts and still profit. The 13% drop from 618 to 535 proves that SOXX getting overextended and going parabolic can actually help shorts if you can add to your positions and wait for it to drop. It's risky to go long on something so overextended, like the 10% crash on Friday. I think buyers who pushed SOXX to $610 are still holding and unsure if they'll exit. SOXX is still about 70% overextended from its 200-day average and that needs to change. Expect more swings between 5 to 10% which are great for trading 😄
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U.S. stock futures dipped Monday night after Israel and Iran paused their attacks, reducing tensions. Semiconductor stocks bounced back from last week's losses, boosting investor mood, though everyone's still watching the U.S. inflation numbers due Wednesday. Wall Street ended mixed, with the Nasdaq gaining from chipmakers, the S&P 500 rising slightly, and the Dow dropping due to worries about the Middle East's economic impact. Markets are also paying attention to the Strait of Hormuz, where ongoing issues keep oil prices high and inflation fears alive. Investors are waiting for May CPI data to see if rising fuel costs and shipping problems are pushing inflation up, after last week's strong jobs report. $SPY $QQQ $DIA $NVDA $SOXX
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Steric-Repulsion:So basically, the ceasefire eased the Middle East jitters, so chip stocks popped, but we’re still nervous about CPI and oil. Nasdaq up, S&P up a bit, Dow down because of the region’s economic impact.
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$SOXX bulls really think this chart will go up? Honest lol this chart looks bad Good for $SOXS
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$SOXX closed at $571.45 — above its VWAP of $571.21. Up $31.68 from Friday's losses. A bounce confirmed, but context: recovered about half of the $62.95 lost in two sessions. EMA8 rollover on Dirty Dozen not reversed. KOSPI foreign selling hit $801M Monday, $10B last week, $75B YTD. Korean retail taking the hit. +1σ at $578.02 is Tuesday's test. Full breakdown on Substack. #SOXX #semiconductors #trading https://kingcambo812.substack.com/p/evening-debrief-june-8-2026-friday-never-happened-bofa-70-percent
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ZaltWasTaken:If META dips back into the 400s, does that retrigger the trend, or is this just a capitulation pop before another leg down?
Orgy_for_Chastity:I’m holding META from the 380s and trimmed some SOXX exposure into the spike. If it retests 400, I’ll add, but I’m not chasing. Chips still look heavy; waiting for a cleaner bounce.
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Investing strategy Hi everyone, I'm just getting into stock investing and want to make regular buys every two weeks. Here's my plan. Any thoughts? Cheers! $VOO — 40% $VT — 20% $QQQM — 10% $SOXX — 10% $PAVE — 10% Moonshot Fund (high risk speculative) — 10%
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