July 30, 2026

By Nigam Arora

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

Egypt Fear

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

Note the following:

• Semiconductors are the leading sector that drove the stock market higher.  SOXL is the momo crowd’s favorite semiconductor ETF.
• The chart shows that from the recent high made in June, SOXL lost 70% to yesterday’s close.
• The chart shows SOXL made a lower low yesterday.
• The chart shows selling in SOXL yesterday was on heavy volume.  The reason for the heavy volume was that many momo crowd accounts were hit with margin calls and were forcibly liquidated.