$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ MU dropped 6.74 points, or 5.3%, overnight, reclaimed VWAP again and rallied to 124.48 as SKHY and DRAM also got back to VWAP. But now SKHY and DRAM are back near the lows of the day, and MU/SNDK are back below VWAP, so the momentum is still negative. It gets a bit annoying when every few months the shorts declare the memory cycle has peaked, and then all the chip companies report record earnings. Rinse and repeat.
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