Pre Market Thoughts - 21 Jul 26

Strong resurgence across markets in Asia. Both KOSPI and NKY are up more than 3% on the day led by strong bounces across the memory sector. $0660 is up almost 5% on the day while $285A is up 17% on the day after hitting a bottom of 49.6k - Back on my note on 17 Jul (thurs) i highlighted how the 49-52k zones are strong support zones for good value.
In pre market, we have $SNDK and $MU both up more than 5% on this. With $GOOG earnings coming on, i think we will see a resetting of positions. Given how most bulls have flipped bears - the pre earning action should be a slow grind higher - from bears squaring off their shorts before earnings.
In HK markets, both $100 HK and $2513 HK are respectively both 15% and 30% higher after i highlighted the levels they were trading at.
In looking at markets - i want to highlight that $SKHY is setting up for a very interesting play vs $0660 - with $SKHY likely to outperform $MU in the memory rebound.
Good luck!