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June 9, 2026

EXCITEMENT OVER U.S. POTENTIALLY TAKING STAKE IN AI COMPANIES, OPENAI IPO FILING, AND SPACEX IPO; CPI AHEAD

By Nigam Arora

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

AI Excitement

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

Note the following:

  • The chart shows yesterday’s SOXL open and close were very close to each other, but there was a wide range during the day.  This pattern reflects indecision.  The question after yesterday’s close was which way semiconductors would go today.
  • The chart shows semiconductors are rallying big this morning.  As of this writing in the early trade, bulls are winning, and bears are retreating.
  • RSI on the chart shows semiconductors can easily run up.
… Please click here or the title below to read more.
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