July 10, 2026

By Nigam Arora

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

Watch SK Hynix

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 that yesterday SOXL was not able to sustain the initially rally and closed at the top band of zone 2 (support).
• The chart shows in the early trade, SOXL has dipped into zone 2.
• Investors are anxiously awaiting trading in SK Hynix (SKHY).  How SK Hynix trades will move SOXL and, in turn, the entire stock market.