To The Moon

$NVIDIA(NVDA)$ $Micron Technology(MU)$ $SanDisk Corp.(SNDK)$ $Advanced Micro Devices(AMD)$ The market makers have conditioned us to expect strong earnings to get sold off. That sentiment could shift after Nvidia reports. Bulls are ready to take back the AI trade.

$Micron Technology(MU)$ I really don't get why sentiment is this bearish. They are literally printing money with no end in sight. Not sure where all the negativity is coming from.

$Micron Technology(MU)$ The company has sold out production for two years in advance, yet market makers are still pushing the stock around 5% either way on any small piece of news that has nothing to do with the company's strong sales.

Expecting another green Monday. Shorts are in a tough spot. $SPDR S&P 500 ETF Trust(SPY)$  $Invesco QQQ(QQQ)$  $Micron Technology(MU)$  $NVIDIA(NVDA)$  $Tesla Motors(TSLA)$ 

$Micron Technology(MU)$ Here's a simplified chart going back to March. The horizontal lines mark a couple of Fibonacci retraces. The Granite Shares and Defiance ETFs really blew out the chart in May and June, and the subsequent retrace was just as sharp. The Leverage Shares ETF (MUG) started moving on Thursday or Friday, but saw little to no volume. The more leveraged the ETF, the less volume and participant coverage each one gets. As many have learned with other targeted ETFs, no volume can leave you trapped if you build any position at all. Other than that, the chart shows a steady progression in the stock price as the algos remain in buy mode. Last week Micron and SanDisk did well, especially considering SOXL gave up 25% of its value.

$Micron Technology(MU)$ Nvidia's latest statement and Micron's news from last week seem to have been the trigger for Micron this week. Micron could really take off from here.

$Micron Technology(MU)$ Memory is the strategic infrastructure of the AI era.

$Ring(REI)$ Oil stocks are heating up. First $2, then $5 from here. The Iran war is pushing oil prices higher while the Strait of Hormuz remains closed.

$Micron Technology(MU)$ Treasury is doubling their buybacks to bring treasury rates down. The rising yields were what spooked investors recently. Now the president is live meeting with tech leaders and they're talking about winning the AI race. Micron is THE USA memory producer. The administration is pro Micron and their policies will lean positive for the stock. They also recently stated they are against allowing China's memory to degrade Micron's market share.

$Micron Technology(MU)$ Not a great day, but at least there is some relative strength.