A couple of stocks I am interested in watching. Micron is a semi conductor stock and as I have been saying we have to watch this sector for clues. The clue MU has given is that it has found a floor for now. This stock would be attractive around 62.50, expecting not to close below last weeks low. The other stock is PayPal. PYPL may be an attractive short around 72.50.
I will watch how these act intraday and could take a position in either or both. I think it’s important for the overall market the MU looks better, and we should continue to watch the semis for long opportunities now.
LVS has rallied back past my original long entry. Recall the stock was downgraded by Jeffries last week and sold off. I used Monday’s strength to take a small loss. With all my recent gains, thought I would rather take the small loss then hold and hope, and I did not see a spread opportunity that made sense to me. Hence I am flat, clear headed, and looking for new opportunities across the board.