$MU: No Rush Here...
$MU has pulled back roughly 13% from where I trimmed, and this is exactly why I like taking some off into strength. It gives you flexibility instead of forcing decisions.
Right now I'm watching two support areas before thinking about adding again.
Semis are still digesting a strong run, while today's leadership has shifted toward software and some of the larger-cap growth names.
Could Micron bounce sooner?
Sure. But I'd rather miss the first few percent than buy into a weak trend.
Patience is a position too.
Ready for the bell? What sector looks strongest?
Have a great session.
