KOREA REBOUND LEADS BUYING IN TECH STOCKS – SAMSUNG EARNINGS AND SK HYNIX LISTING AHEAD, YIELDS PULL BACK
By Nigam Arora
To gain an edge, this is what you need to know today.
Tech Rebound
Please click here for a chart of leveraged semiconductor ETF (SOXL).
Note the following:
- Semiconductors are the leading sector that has been driving the stock market higher. SOXL is the momo crowd’s favorite semiconductor ETF.
- The chart shows SOXL fell on Thursday into zone 2 (support).
- The chart shows a large move from the recent attempt to breakout when SOXL traded as high as $302 to the low on Thursday of $168.88. This underscores the volatility.
- The chart shows SOXL is seeing buying this morning and is now above zone 2.
July 6, 2026