Micron Earnings Present a Major Test for the Stock Market
Micron’s stock may be cheap, but it is technically extended, and a perfect quarter may not be good enough.
Micron’s stock may be cheap, but it is technically extended, and a perfect quarter may not be good enough.
Let’s get real about South Korea’s wild market swings, a new ADR listing, oil’s decline, the DJIA, and what I’m seeing from the S&P 500.
Sure, the Nasdaq traded 15 billion shares. But the action was concentrated in the Semis, as expected, and a penny stock, not expected.
There was a quick bounce in tech stocks, but I don’t trust it to last. Meanwhile, I’m building a July shopping list.
This week, the team seems a little more mixed. But still, worries abound.
Tech slumping, Nvidia’s latest win, June Flash PMI on deck, and other headlines are moving stocks this morning.
Here are the three things that triggered the selling, what to watch now and my strategy for this difficult market.
Here’s why it’s not a time to panic and my trading plan for navigating this weakness.
It’s simply not a good sign when the number of new lows breaks 200.
Here’s why the setup is difficult as well as one area where the action is working.