Alert: Trump Sold This Semiconductor Stock!
In a Nutshell
Markets corrected 1.5% as expected after hitting resistance, with semiconductors like Micron (MU) and SanDisk down over 10%. Micron is testing critical $1,000 support after Trump disclosed selling $250K–$500K of the stock in May when it traded at $600; the speaker closed a profitable short and is waiting for validation before considering a long. Trump’s late-disclosed stock purchases and $1B+ 2025 earnings from crypto are flagged as conflicts of interest, while the speaker advises staying flat over the July 4th weekend rather than risking weekend exposure.
These notes were generated by AI and may contain inaccuracies.
NASDAQ declined 1.5%. Different time frames provide different perspectives on market movements. While the daily chart may appear concerning, zooming out reveals that markets reached overbought levels as discussed in previous videos. This correction was expected given the resistance zone patterns showing repeated rejection at elevated levels. The risk-to-reward ratio was no longer favorable for going long on shorter timelines.
Markets pulled back and are now testing support at 725-720. Breaking this support level opens the gap down to 700.
SanDisk (corrected from transcript reference to Micron) declined 10.6%. Micron declined 10.5%. A $2,500 profit was realized on the position which is now fully closed. The speaker expressed temptation to go long on the stock following Trump's disclosure regarding his Micron position.
Micron (ticker: MU) demonstrated strong performance. Using Investing Pro software for fundamental analysis shows the stock is not significantly overvalued with a P/E ratio of 25.8 times earnings. The company generates $50 billion in net income on $90 billion in revenue. Growth remains strong both technically and fundamentally. The stock appears oversold based on previous patterns, making it more attractive from a technical standpoint despite positive price momentum and sentiment.
The stock is testing a major support range on the 4-hour timeframe. Since the initial rally beginning in April 2026, price has remained above the moving average. The question is whether the stock can hold above $1,000, with potential downside to the $800s if that level breaks.
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