Reason: MU's decline decelerated as the whole group reversed last cycle's breakdown - RSI up across all four names, with STX and WDC both turning their weekly declines positive and every 30-day print improving meaningfully.

Tape Read

Last cycle's group-wide breakdown reversed hard this cycle — every name in the complex bounced together. $MU's RSI recovered to 43.8 (was 40.5), the weekly decline decelerated to -10.63% (was -15.48%) despite a rough -5.9% single day, and the 30-day print improved to -20.26% (was -28.34%) — still pullback regime, thesis flagged intact-but-priced. $SIMO posted the strongest deceleration: RSI 45.1 (was 35.2), 7D improved sharply to -6.39% (was -20.4%), 30D improved to -19.99% (was -33.3%). $STX and $WDC both turned their weekly declines positive: $STX's RSI recovered to 50.0 (was 39.8), 7D +0.52% (was -16.21%), 30D improved to -6.45% (was -22.84%); $WDC's RSI recovered to 51.0 (was 39.6), 7D +4.82% (was -15.48%), 30D improved to -8.95% (was -28.9%, still the deepest 30-day damage of the four despite the turn). Every name posted a meaningfully improved 30-day print this cycle after last read's group-wide reversal-lower. Source: full-scan pre-computed summaries as of the 2026-07-31 close — memory.

• $STX — WATCH (upgraded from PASS): RSI 50.0 (up from 39.8), 7D turned positive to +0.52% (was -16.21%) — one of two names in the group to flip its weekly print positive.
• $WDC — WATCH (upgraded from PASS): RSI 51.0 (up from 39.6), 7D turned positive to +4.82% (was -15.48%) — still the deepest 30-day damage of the four, but the sharpest single-cycle recovery.
• $SIMO — WATCH (upgraded from PASS): RSI 45.1 (up from 35.2), 7D improved sharply to -6.39% (was -20.4%) — the steepest deceleration in the group.
• $MU — WATCH (upgraded from PASS): RSI 43.8 (up from 40.5), 7D decelerated to -10.63% (was -15.48%) despite a rough -5.9% single day — the supercycle thesis stays flagged intact-but-priced.

Lead pick: No clean promote yet — this file's recent run has shown the whole group whipsaw between group-wide breakdowns and group-wide bounces more than once, so a single improving cycle doesn't confirm a floor. $STX and $WDC turning their weekly prints positive are the cleanest signals to watch for whether this one holds.

Sources

• Tape data (price/RSI/SMA/returns): full-scan pre-computed summaries as of the 2026-07-31 close — memory.