|Day Low/High||68.54 / 71.12|
|52 Wk Low/High||49.30 / 96.96|
If you are focused on big-cap stocks, you are missing the charts that are setting up the best right now.
If the stock of the chipmaker can hold a key support level it could prove to be an opportunity to buy.
My feeling is that the gap created on Wednesday morning's open will try to fill.
It is now clear, in a world without all that much clarity, that professional money is in the early stages of distribution mode.
Nancy Pelosi and Mitch McConnell have plenty more up their sleeves. The appearance of having gained the upper hand is more important to them than your P/L ratio.
While the big guns meet at the White House about the global chip shortage, the president and these companies are approaching this all wrong.
It might be best to remain on the sidelines for now.
You don't want to throw away a perfectly good stock because its p/e is high. I would be more worried if its p/e is low.
Plus, a look at what's going on inside the trader's brain as he looks at Walt Disney, Airbnb and SoFi Technologies.
Looks take a look at the charts and indicators.
Like Moderna , Nvidia , or AMD today, several months ago Micron was everyone's darling stock. In April, 2021, the shares traded at $96. Early in the year Fin TV and the guests paraded on those platforms gushed with optimism about MU - after all th...
Even amid the hype about overvaluation, you can still find some deals. Let's dig in.
Also, the NFIB Small Business Optimism Index printed at 99.7 for July, still on the strong side, but well below June's print, and well below expectations.
What if Beijing plays the power game with foreign firms reliant upon Chinese revenue, Chinese labor, or simply Chinese economic growth?
Let's see if we can have some follow through in Zoom and Micron this week.
Peak says sell now or forever hold your peace because you can only go down from here.
One of the key technical market concerns/divergences (and the reason I am scaling into Index shorts on strength) are the continuing and consistently weak breadth. Today the decliners exceeded the advancers by a 8:7 ratio. As I mentioned in yeste...
"Beware of false prophets, who come to you in sheep's clothing but inwardly are ravenous wolves." - Matthew 7:15 In a maturing bull market, contrarian views can be enlightening. I will again note how critical one should look at "Group Stink" espec...
The current memory up-cycle still has a ways to go. And with Micron's stock having tread water for several months, its risk/reward looks compelling.
I've been hot for the semis for a good while now because of the widely covered shortages that are creating significant pricing power.
* Fin TV makes trading and investing seem so easy "Price has a way of changing sentiment." - Divine Ms M If you have been watching CNBC in the noon hour - you can taste how extended the Bull Market in Complacency has gotten. Also, please note how co...
The greenback has maintained a higher level of relative strength versus its peer reserve currencies than I would have thought.
The shares have been soaring since the middle of May.
As inflation worries sap investors' energy, I'm eyeing this semiconductor technology name.
Remember the unanimity a month or two ago on the upbeat prospects for Micron's shares? Now look at the MU chart. Nary a comment, regret or admission from the self confident bulls, especially of an unusual call activity-kind. And no guilt.