$iShares MSCI South Korea ETF(EWY)$ $iShares Semiconductor ETF(SOXX)$ $Micron Technology(MU)$ $SanDisk Corp.(SNDK)$ Korean memory stocks are bouncing from support, similar to the move we saw in U.S. memory names today. That offers some near-term stability for the broader memory sector.
A range-bound trade over the next couple of months seems plausible until volume returns after the summer and activity picks up again.
I took a long position off yesterday's lows and added a bit more today, aiming to position near the lower end of the range if it holds.
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