technical analysis

MU may encounter a little more weakness before returning to its winning ways.
The tech name's price has weakened and could edge lower toward the $70 area.
NVDA is not out of the weeds despite coming back from a lower opening.
Our concern for the near term is increasing, especially when taking into account the decade-high forward valuation of the SPX.
Here are my levels.
Sellers have been more aggressive than buyers and the charts indicate the pace of decline isn't slowing.
Prices held the $5.50-$5.00 area before.
Stock was weak in November and hasn't gotten better.
The recent price action in the $268 to $284 area gives us a downside price target of $248.
Yesterday's steep drop may just be the beginning.

Columnist Conversations

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We have a nice gainer here, let's unload it SOLD OLED MAR 75 CALL AT 6.40 (in at 2.70)

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