Yesterday, the Philadelphia Semiconductor Index got wrecked again by news about a domestic lithography machine. But the question is, does this kind of news really have such a big impact? A lot of retail investors end up stuck for a long time because they’re completely swayed by news. If your mind is filled with all kinds of news and noise, it’s almost impossible to make a profit. We should focus on the K-line trends because the K-line reflects everything. The recent trend of the Philly Semi Index has been weak in itself, and this kind of news is just another kick when it’s already down—it’s not the reason why it’s so weak in the first place. So the conclusion remains unchanged: SOXL is still in a downward channel for now. At the very least, wait for the downward trend to break and for some consolidation and stabilization before reassessing. If you’re thinking about bottom-fishing, it’s better to extend your timeline and take a broader view. For more U.S. stock and crypto market analysis, as well as the trend strategies used by CoinCat, visit the profile and join the TG group to find the assistant for access. SOXX SOXL Semiconductor