1/ Micron $MU reported quarterly earnings of $2.97 (non-GAAP), beating estimates by just $0.02. GAAP profits missed. Revenue missed. MU is down 2.5% AH. Markets are ignoring gross margins of 59%. The good news? In 2019, Micron expects healthy profits. $MU, Micron Technology, Inc. / H1 2/ $AMD was #3 on the most-actively traded, after $SPY and $GE. $AMD, Advanced Micro Devices, Inc. / H1 3/ In the resource sector, oil stocks sold off. Oil prices fell some 7%. Another bad day for energy that is the result of the U.S. – Middle East interfering with true market equilibrium and pushing excess supply. Watch out for $XOM, $COP, $CVX. 4/ In the natural gas space, Antero Resources $AR is in deep value territory. Chesapeake Energy $CHK is in bigger trouble. It spent billions on an acquisition just as NG prices worsened. CHK stock could break below $2.00, then $1.50…then….the point is, avoid CHK stock. 5/ Financials held up but are down in the last quarter. Badly. Would you accumulate Wells Fargo, Citi, Morgan Stanley, Bank of America? - $WFC, $C, $MS, $BAC. Share your trade ideas. Read This Next: AAOI: What Went Wrong?JNJ a Buy After the Dip? (Poll)Oh, Bitcoin.