Indices are mixed after making new high in S&P 500 and 14 yr high in Nasdaq, Dow missed it by 2 points. Hope for peace treaty in Ukraine fueled this move.
S&P 500 @ 2002.02, low 1999.17, high 2009.28
Internals are negative
Oil UP $2.67
Gold UP $5.90
Canadian $ UP 46 tick @ 91.20
VIX Down .24% @ 12.22
Portfolio EGO FB LULU MU MITL RAD
Most stocks are down
@ 2.30 following are UP :
EGO TSL JKS GG OTEX YY EXPE BIDU GRPN
LVS KOG DNKN SU FSLR SPWR YNDX
HIMX LRCX BRCM CIEN C JCP NFLX
GMCR MCD X STLD CCJ CSOD MS
MGA GS......
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
I may look at MU on this pullback. I think DRAM demand will remain high, but I am concerned about increasing capacity in the industry. We might be in the window where MU still makes sense though.
Stocktrader
Hi Stocktrader,
MU TAPE has been sluggish lately.
Good luck with your decision.
Saleem
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