$STX had an awesome report. With the name reclaiming the 50-day moving average, there's no reason for me to stay negative. I tried buying $MU yesterday looking for a trade back into the 950-1000 area. I can't say with 100% certainty that the memory trade is over. That said, I still think $EWY may have already put in its high for the year, which makes me question whether the memory names will reclaim their prior highs anytime soon. I'll continue looking for tight, constructive setups that I understand, and I'll let the group and the overall market guide my decisions. Very little guesswork is required when you simply react to the market that's in front of you.
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