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!(degentrading)