MU

Oh man, it is the morning after Micron earnings. Of course, it's got to be the top of the bottom. And the question now is what are people going to do with it?

Oh, Micron going green is so important. Oh, that's great. Micron going green is is uh very good. You did not want a giant red candlestick on this. It's still a little early, but first four minutes, that's good. I like to see that.

If you own any semiconductor stocks, such as AMD, Nvidia, Micron or any of those stocks, I have big news for you today and we will discuss where semiconductor stocks are headed from now on.

There is also Micron. Now, Micron, one of the largest stocks in the entire stock market, has released its earnings report in the last hour or two. And what we've seen from them is incredible and, frankly, almost unprecedented so far, okay ?

As we also know, MU just reported after hours and so far it's somewhat of a nothing burger. They have a conference call coming. We're going to cover that chart here in a little bit.

As we know, as I touched on, we've got Micron that reported after hours. That is a big stock in the stock market and one that has been extremely bullish this year. So, a lot of investors were wanting to at least potentially trim, make sure that they stay on the right side of the trade in case Micron does report and investors pull the rug.

So far, from what I've seen was before I started the show, that hasn't happened, but that still could be a situation.

The cues have smashed through my 735 line. We took like the shortest breather at my line just so me Kevin could say, "We hung out at my line." That's it. It was just long enough to say, "We hung out at Kevin's line. We respected the line, but peace."

which is actually bullish for high bandwidth memory like your skinex's or your micron

I'm in some muou, which is micron. Both of them looked a little bit better. Not fantastic, but a little bit better. I also trimmed a little bit of MU. So, that's why it shows a sell.

Why did I trim mu? Because mu is up 2.6%. Why not trim a little bit?

I upload uh here's Micron, you

Thank goodness MU did not close well because I have no MU. I have no MU. Why? Because, you know, look at how this closed again. They sold strength. Uh this 1042 got rejected if you remember last week and um and on Friday the action wasn't telling me there's any reason to be in these things because the market's kind of faulty and we're not acting special.

So you have risk a little bit lower. So now what? Okay, let's see what what was this low here. This low here was 967 or 960. So um I guess we'll see um is you know do the bears have any power?

If the bears have some power. Actually, here's a 50-day. 50-day is right there. 934, right? Where is MU right now? Um, this is like 934. MU this morning is uh a little bit below it.

So, MU is below the 50-day. You want to be in momentum names when they're above the 821 day. You don't want to be when they're below the 50-day. If you're an investor in MU and you've been in MVU for two years, that's different.

Okay. If you've been trying to hold a swing trade, which I was here, you know, and maybe you sold some strength on day three, I guess there's a small reason. So, if you have a little of this on, I get it.

You know, forgive yourself. Question is, um, you know, is it going to open up, um, down 48 and go green or is it going to open up down 48 and, you know, continue to be lower in the second part of the day? That's our job as active trades to figure out.

Micron announced its results last night, and today they appeared in my checker, the AI-powered checker in my Cashflow IQ software.

and then I see Micron stock. "Micron" shows me what is called the equilibrium point. This is a strategy we call the equilibrium point because it is balanced. It is exactly at the execution price.

You get the greatest return at the execution price compared to whether you are outside or inside it.