SAMSUNG CRASH BRINGS SEMI SELLING, IMPORTANT NVIDIA EARNINGS AHEAD, $1T TREASURY FIRE POWER TO BUY BONDS
By Nigam Arora
To gain an edge, this is what you need to know today.
Wild Stock Moves Ahead
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 SOXL rallied to the bottom band of zone 2 (resistance) but was not able to sustain the rally to get to the top band of zone 2. This is a negative.
- The chart shows that SOXL has pulled back to the top band of zone 3 (support).
August 24, 2026