May 1, 2026

By Nigam Arora

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

Important Tell For Stock Market

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

Note the following:

• SOXL continues to be a tell for the entire stock market because semiconductors are the leading sector and super aggressive investors are focused on SOXL.
• The chart shows that in spite of blowout earnings from Sandisk (SNDK) and Western Digital (WDC), SOXL is slightly pulling back instead of breaking out.  The reason is that on one side, blowout earnings and even higher projections should cause SOXL to break out; but on the other hand, SOXL is up 216% from the March 30 low, and prudent investors are wondering how much more is there to go.