Bias: Selective long in semiconductors
Setup: Momentum continuation after Micron’s earnings beat and strong guidance, with spillover support for AI and memory-linked names.

Execution:

Enter on a pullback to intraday support or a successful retest of the 20–50 period intraday moving average.

Avoid chasing the open. Let early volatility settle.

Target:

+3% to +5% for a day to short swing trade.

Trail stops if sector breadth strengthens.

Risk control:

Tight stop just below the morning swing low or key intraday support.

Keep position size modest due to elevated expectations.

What would invalidate the trade:

Broad tech weakness despite positive MU follow-through.

Rising yields or sudden risk-off tone.

Bottom line:
This is a momentum trade, not a conviction hold. Play the post-earnings strength while it lasts, stay disciplined, and be quick to step aside if leadership fades.