Edit: this is just to hear thoughts. I happened to look at MU when I was having coffee and it was down like 20%. I was like damn, that’s interesting…
Just curious.
Anyone think today was something other than a gift / dip?
Most tech and data center companies (adjacent companies included) were down heavy premarket. Included many of the companies I see getting to inflated valuations.
Most recovered a bit.
I also noticed it was the first time the market did not respond as it has for a few years (positive price action after a presidential tweet / statement was made over the weekend by the American president specifically about chips intel, nvda, etc).
Just another dip or the first signal?
Edit: I am not concerned. Positioned well. Just wanted to hear what others thought.
Did a little research into some of the runners.
Yearly RSI over 70. That mean anything to you?