My Take On Micron

Posted by Joe Duffy | Oct 1, 2026 | Joe Duffy's Trading Advantage | 0 |

I wanted to wait until after the Micron earnings to update this page. The earnings were good and beat the estimates. The subsequent price action is muted to the extreme, virtually unchanged in after hours trading. I leaned toward these earnings being a catalyst, perhaps for a sell off, even if good. That might still happen.

Regardless I think it’s too early to be looking at the long side of stocks again. The broad averages like the SP 500 equal weighted and the mid cap IWM (chart) continue to sell off. Perhaps in a weak or two, they may sell off enough to set up an opportunity. That is what I will wait for.

Thanks,

Joe

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Joe Duffy

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