To The Moon

Reminder - $Micron Technology(MU)$  earnings are this Wednesday, 6/24. With the stock teasing new highs, this could be a make-or-break moment. I'll be watching. Options activity has been nuts.

$Micron Technology(MU)$ Seeing bullish flow showing up again today, and it's not the first time recently. Micron has always been one of those names where sentiment can shift quickly based on AI memory and DRAM cycle expectations. So when you see repeated bullish flow, it tends to get people's attention. That said, I always view flow the same way: it's interesting, but it's not the whole picture. What matters is whether it actually shows up in follow-through price action, not just prints hitting the tape. Still, when you keep seeing consistent bullish activity in a semi name like MU, it usually means someone is positioning ahead of something—whether that's cycle strength, pricing power, or just broader AI hardware demand. Worth keeping on the ra

$Invesco QQQ(QQQ)$ SPY.Gold may have bottomed, or it could be very close to a bottom. It appears to be at or near a cyclical low, suggesting downside risk might be limited from current levels.

$Micron Technology(MU)$ I've been holding since $80 a share and I think we might be entering the most exciting phase of this MU run. Trailing EPS is expected to go from $21.79 to over $40 this quarter. The next three quarters could bring it to $60, $80, and $100. With significant growth ahead in 2027 and beyond, I expect MU to command a high trailing P/E of 45+ (it's currently 53.5). This could result in MU moving $900 higher each quarter, potentially reaching $4730 a year from now. The main thing I'm looking for in the upcoming earnings is details on long-term contracts with major customers. If they lock in pricing for several years, ensuring 60-80% margins, then it's a straightforward hold with relatively stable returns.

$Micron Technology(MU)$  Sentiment has flipped pretty quickly lately, with a lot more bullish takes suddenly showing up everywhere. What I'm seeing: DRAM cycle expectations are getting re-rated. Memory names are back on watchlists after being ignored for a while. Both flow and sentiment are improving at the same time. It feels like one of those areas where positioning lags the actual cycle—fundamentals tend to turn first, then everyone rotates after. Not saying it's "obvious," just that the tone shift is hard to miss right now.

$SPDR S&P 500 ETF Trust(SPY)$  Just chillin watching the bears evaporate.

I keep coming back to $SanDisk Corp.(SNDK)$  and WDC. As long as these names stay strong, it's hard for me to call the AI cycle over. Memory was one of the first real leaders in this move, and one of the first areas where institutions actually got aggressive. What I'm watching: DRAM pricing as the core signal. Whether $Micron Technology(MU)$ , $SanDisk Corp.(SNDK)$ , and $Western Digital(WDC)$  maintain their leading structure. Memory being treated more as AI infrastructure input than a normal cycle trade. The next big test is pretty clear: $Micron Technology(MU)$&nbs

$SPDR S&P 500 ETF Trust(SPY)$ Job numbers are out and the market continues to move higher. All looks good.

$Micron Technology(MU)$ All the latest analyst target price raises for MU. The average target from these raises is now $1,360. Here are the specifics: Citi raised to $1,200 from $840. Deutsche Bank raised to $1,500 from $1,000. RBC Capital raised to $1,200 from $525. TD Cowen raised to $1,500 from $660. Aletheia Capital raised to $1,600 from $650. Daiwa Securities raised to $1,600 from $700. Goldman Sachs raised to $900 from $400. Cantor Fitzgerald raised to $1,500 from $700. Wells Fargo raised to $1,220 from $550. Morgan Stanley raised to $1,050 from $520. Wolfe Research raised to $1,250. Raymond James raised to $1,100 from $530. Susquehanna raised to $1,750 from $600. UBS raised to $1,625 from $535.

$Micron Technology(MU)$ It continues to respect structure while everyone else trades headlines. Called the gap fill, flagged the 980–1000 zone as the key reaction area, and price did exactly what the chart suggested—held support and bounced nearly $100 off that level. Throughout that move, sentiment was loudly calling tops. That's just noise in a momentum-driven tape. I'm not anchored to bias here. I'm anchored to structure. When the chart is bullish, I call it bullish. When it breaks, I'll call that too. Right now, trend = intact, structure = supportive, price action = following through. Trade what the market is actually doing, not what the commentary says it "should" be doing.