April 23, 2026

By Nigam Arora

To gain an edge, this is what you need to know today.

Iran Breakthrough

Please click here for a chart of leveraged semiconductor ETF (SOXL).

Note the following:

• The trendline on the chart shows an extraordinarily steep rise in leveraged semiconductor ETF (SOXL).  The ETF has moved from a low of around $40 to $107.06 as of this writing in the premarket.  This is a 168% rise in a very short time.
• The chart shows that RSI is at 100, the most overbought it can be.
• The momo crowd continues to pile into SOXL.  The reason is that semiconductors are not impacted by the Iran war.