Micron Technology, IncMicron Technology, Inc. is engaged in semiconductor systems. The Company's portfolio of memory technologies, including dynamic random-access memory (DRAM), negative-AND (NAND) Flash and NOR Flash are the basis for solid-state drives, modules, multi-chip packages and other system solutions. Its business segments include Compute and Networking Business Unit (CNBU), which includes memory products sold into compute, networking, graphics and cloud server markets; Mobile Business Unit (MBU), which includes memory products sold into smartphone, tablet and other mobile-device markets; Storage Business Unit (SBU), which includes memory products sold into enterprise, client, cloud and removable storage markets, and SBU also includes products sold to Intel through its Intel/Micron Flash Technology (IMFT) joint venture, and Embedded Business Unit (EBU), which includes memory products sold into automotive, industrial, connected home and consumer electronics markets.
Micro
E-Micro AUD Short on the Daily ChartWe just had the first retracement back to the 50 SMA and a nice downward movement to a demand zone with a 76.40% Fib Ext. If the pull back takes place now then look to short at the Supply Zone around the 50% Fib Retracement level which is also a 38.20% Fib Ext cluster. But if price keeps dropping we could hit S2 floor trader pivot which would also be a measured move or hit the second Demand Zone show below that has a S3 FTP as well as a 138.20% Fib Ext. Look for the pull back off one of these three points and take the trade short useing your chosen method of entry, stop and target.
DOW JONES OVERVIEW: JNJ HOLDS LONG TERM TREND, SHORT TERM RISKJNJ micro picture currently contradicts macro one.
On long term basis, JNJ has held the test of 10-year trend by falling below and then bouncing back up above the 10-year uptrend border (marked by 1st standard deviation from 10-year mean, now at 91)
On short term basis, however, price has fallen below 1st standard deviations from quarterly (66-day) and 1-year (264-day) means, signaling continued downside probability.
The downside risk remains until the price trades back up above short term risk border, marked by lower 1st standard deviation from 1-year mean (at 97 now)
DOW JONES OVERVIEW: EXXON IS ON RISK OF FURTHER DECLINEExxon is in a complex situation - but overall risk is still to the downside at the moment.
On long term basis, XOM fell out of 1st standard deviation from 5-year mean (at 76 now), but is still holding within 1st standard deviation from 10-year mean (although, below the mean itself)
Thus XOM is on risk of decline there at least to 65 - which is the lower 1st standard deviation from 10-year mean, if price continues to trade below 76
On short term basis the risk (of decline into 65) is confirmed - price is trading below 1st standard deviations from both 1-year and quarterly mean (thus is in downtrend in relation to both short term means)
The micro levels are alligned with macro levels at the moment, as can be seen on the chart
FX CHART OF THE DAY (2): GBPUSD IS ON BREAKDOWN RISKGBPUSD is on risk of a macro breakdown (see related chart)
On short term basis the situation is now tradable - Pound is breaking below 1st standard deviation from weekly (120-h) mean, amid expanding volatility (measured by 3.2 st deviations from the weekly mean)
Traders can pick shorts at the 1st standard deviation (1.5300) and stops at the weekly (1.5375) mean
Traders also should be aware of volatile events, expected tomorrow!






