$MU, three good questions to ask yourself:

• Blowout earnings. Could the news realistically get much better? Probably not.
• Are we early or late to the party? Very late.
• Does the chart look climactic? Absolutely.

My conclusion?

Getting long here doesn’t make much sense to me. For now, it’s either short or nothing.

That said, the bullish momentum remains very strong. We could still see new all-time highs before the buyers finally exhaust themselves.

My plan hasn’t changed. I’ll wait for signs that the bulls are losing control. Once those signs appear, I’ll look to establish a short position.

$MU $SNDK $SOXX $NVDA $SMH

Educational content only. Trading involves substantial risk. The setup grade and outcome described here are specific to my plan, sizing, and risk tolerance. Do your own work.