$MU getting absolutely wrecked here — weaker than it has any right to be. This isn't just a chip sector drag, it's leading lower. When semis bounce, $MU stays pinned. That's distribution, not rotation.
If you're holding calls, you're fighting the tape. If you're in shares, watch $90 — lose that and we're looking at $85 fast. No edge trying to catch this until we see actual buying show up on the tape.
Memory names need a catalyst or they just bleed. Right now, $MU has neither momentum nor flow support. Step aside or play the put side if you've got conviction it breaks lower. Don't marry a position in a name that can't hold a bid.
If you're holding calls, you're fighting the tape. If you're in shares, watch $90 — lose that and we're looking at $85 fast. No edge trying to catch this until we see actual buying show up on the tape.
Memory names need a catalyst or they just bleed. Right now, $MU has neither momentum nor flow support. Step aside or play the put side if you've got conviction it breaks lower. Don't marry a position in a name that can't hold a bid.