

Tough couple of days … Too far too fast …needed a break … Will come back strong next week!
Periphery - Subhuman (feat. Will Ramos) (Lyric Video)
I love me some Periphery and Spencer Sotelo on vocals but Will Ramos just crushes on this track! So cool they did this collab with Will!
Anatomy of Micron Day Trades This Morning Using Simple Studies
9:30 - Market opens and MU rips lower
9:37- RSI hits 21.78(deep short term oversold) large institutional buy orders come in @ $1,020
9:48 - 14 and 20 candle SMAs crossover and price rises above the VWAP (strong confirmation the entry point was correct)
10:13 - RSI hits 75.23( short term overbought) heavy sell orders come in @ $1,070 Stock sells off triggering stops along the way and tanks
10:28 - RSI dips to 22 again and the next entry point begins to build
11:07 - 14 and 20 MAs crossover again. Stock rips from $1,028 to $1,044 up 17 points in 8 minutes
And so on …
An institutional buy of 100K shares @ $1,020 @ 9:37 and sale @ $1,070@ 10:13 is a 5 million dollar profit in 36 minutes.
I will probably get beat up pretty good by all of the “ professionals “ here in the sub over my methodology but whatever, works for me.
For what it’s worth, I hold a stack of MU shares for long term and trade the MUU shares
These analysts are either waiting for the upcoming earnings report to raise PTs or have been fired
They obviously didn’t see what was to come a year ago like so many of us dumb retail investors did. What do you think? Waiting for the next earnings report or fired?
Micron - The Gold Standard in Memory and Storage
It just keeps getting better!! LFG!!