Reason: The whole complex reversed last read's reversal - all four names' RSI climbed 4-9 points on positive weekly prints (MU +8.48%, STX +8.13%, WDC +8.92%, SIMO +2.49%), though each also posted a rough single day (-6.3% to -7.0%) and 30-day drawdowns remain double-digit negative across the board.

Tape Read

Last read's group-wide reversal-lower has itself reversed. MU's RSI climbed to 47.3 (was 41.1) on a +8.48% week — a real weekly gain, though the 30-day print stays at -12.15% and a -6.99% single day sits inside that same week. STX and WDC posted similarly sharp bounces: STX's RSI rose to 48.0 (was 42.3, +8.13% 7D, -14.25% 30D) and WDC's rose to 45.7 (was 39.8, +8.92% 7D, -19.26% 30D — still the deepest 30-day damage of the four). SIMO's bounce was the smallest of the group: RSI 45.1 (was 41.5), +2.49% 7D, -15.78% 30D — it still hasn't recovered the uptrend regime it lost two reads ago. Every name in the group also posted a single-day drop of roughly -6.3% to -7.0% within an otherwise positive week, and every 30-day print remains double-digit negative. Source: full-scan pre-computed summaries as of the 2026-07-24 close — *.

• MU — WATCH (upgraded from PASS): RSI 47.3 (up from 41.1), +8.48% 7D — a real bounce off last read's reversal, though 30D still -12.15% and the supercycle thesis stays flagged intact-but-priced.
• SIMO — WATCH (upgraded from PASS): RSI 45.1 (up from 41.5), +2.49% 7D — the smallest bounce of the four, still well below the uptrend read it lost two reads ago.
• STX — WATCH (upgraded from PASS): RSI 48.0 (up from 42.3), +8.13% 7D — group-wide bounce, 30D still -14.25%.
• WDC — WATCH (upgraded from PASS): RSI 45.7 (up from 39.8), +8.92% 7D — the largest single-week rebound in the group, though its -19.26% 30D print is still the deepest of the four.

Lead pick: The whole complex bounced together this cycle — a reversal of last read's group-wide reversal-lower. None of the four is a clean add yet: every name still carries a double-digit negative 30-day print, and each posted a rough single day (roughly -6% to -7%) inside an otherwise positive week. MU is the one to watch given the supercycle thesis stays flagged intact.

Sources

• Tape data (price/RSI/SMA/returns): full-scan pre-computed summaries as of the 2026-07-24 close — *.