BLUE WAVE – AVOID THE MOMO CROWD’S COSTLY MISTAKES – DATA CENTERS, MUSK, SOLAR, DEFENSE; IRAN KEY
By Nigam Arora
To gain an edge, this is what you need to know today.
Look Ahead – Iran Is The Key
Please click here for a chart of leveraged semiconductor ETF (SOXL).
Note the following:
- As a reminder, The Arora Report is politically agnostic. Our sole job is to help investors generate high risk adjusted returns.
- Semiconductors reflect the AI trade, and SOXL is the momo crowd’s favorite.
- The chart shows SOXL is consolidating below the low band of zone 3 (resistance) after the Blue Wave in the midterm election.
- The intraday price action is insightful.
- After the market close yesterday, SOXL staged a major rally, trading as high as $78.36.
November 4, 2026