Alert on MU Issued Today
The market was overall down today. Optik issued an alert for Micron (MU) and it is up slightly from our entry point. MU is producing memory that is required for artificial intelligence (AI) devices and thus the demand should be on a steady climb as the need for more processing capacity and memory density increases. We are looking for a return of 30% on the MU alert.
The EU has stated it will retaliate against the US should we impose tariffs on cars. This as well as the Fed and rate hike issues has the market on its toes.