Good Wednesday morning. Heads up; with Memorial Day and the 4-day trading week, we’ve extended our 21 year anniversary offer through the end of the week. You’ll receive an email later in the day with details. As always, please feel free to reach out with any questions.

VRA Alert: Enter “Stop Loss” Order on SOXL

Yes, the semis and tech stocks have reached extreme overbought levels…but not our most overbought designation (extreme overbought on steroids, or “EOBOS"). Because this is “that” bull market we remain hesitant to pull the trigger and take profits, specifically on our 150% long position in SOXL (3 x Semi ETF) where we have long-term gains of 390% (our original position) and short-term gains of 58% (from our addition on 4/23/24).

Here’s our solution: 

VRA Alert: enter a GTC (good til cancel) “stop loss” order to sell our new position in SOXL (purchased on 4/23 at $34.25) @ $50.00. Last trade in SOXL; $52.50.

Should this stop loss order be executed, we will lock in s...