Buyable Gap Up - MU and NAV Follow-Up
|Published:||20 Dec 2017 10:25 ET|
MU is having trouble setting a low here, and NAV has dropped below yesterday's 44.30 intraday low. One would think that with the gloriously "stimulative" tax cut in the bank, we'd see more upside thrust in strongly acting names gapping up at the open. Not so. This alone is giving us useful visceral information that perhaps claims that the market has not fully priced in the tax cut are wrong, and we are looking at a "sell-the-news" reaction instead. The only defense is to stick to your selling guides.
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