• China seems to be pulling out a bazooka to support its economy (and its markets).  Yes, their market is getting overbought on a very short-term basis, but it’s hard to think any pullback in their markets will last very long.
  • Micron’s earnings/guidance has pushed the key chip stocks we highlighted earlier this week above their resistance levels.  It’s doing the same for the SMH semiconductor ETF. 

 

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