Holding Pattern Day: Downward Bias Clearly Focused on Tech Leaders

After a nearly +5% pre-market gain, the early buy-the-dip enthusiasm across semiconductor names has waned substantially. SOX (-1%) needs to gain ~9% just to fill Tuesday’s gap down. Micron (MU -1.85%) trades lower ahead of earnings.  Memory names it hard Tuesday, like Seagate (STX -6.35%) and Western Digital (WDC -6.6%) are notable laggards, among the worst performing components…