©
2026
Our
iBullyBear Mentoring
account achieved a new all-time Net Liq high
on strength in LITE, MU, CIEN, AMAT and other gainers on Thursday.
Improve trading results by employing a
systematic approach to decision-making in the face of uncertainty. If you want to improve your skills contact
us through the iBullyBear link above.
On
Wednesday, MU closed at 1065.11, then reported earnings after the close of EPS $33.42 beats
$31.45 estimate, Sales $54.229B beat
$50.751B estimate. Today, Thursday morning, after a lower open of $1054.08, MU fell
to a low of 1022.90 within the first hour before a reversal that led to a close
of 1097.39. Why a huge MU beat
and initially a lower price you ask?
We
teach iBullyBear members that “the stock market is efficient for liquidity, not for value or
price. It is the imbalances in supply
and demand that cause prices to fall or rise, not fair value or fair price.”
Did
you take advantage of that inefficient price this morning? We did and it paid off big.
SPX +14.91, 7,666 opened higher, sold off, reversed, rallied,
formed a long lower shadow before closing higher. Breadth improved as advancers
led the NYSE and decliners led by less than 100 issues on the NASDAQ
exchange. The NDX moved closer to
a resistance breakout. The SPX
since August 4 is in a sideways consolidation pattern.
RUT 2,806 fell +9.76,
a three-month closing low bounce, piercing line candle.
Oil /CL rose
+2.57 and
closed at 92.91.
SPX
advancers: ACN SNPS FICO COHR CIEN LITE MPC CDNS CDW VLO MCK.
SPX
decliners: PSKY MKC DHR INCY DIS AMGN TMO A KMB WAT APP.
More to follow...
