Markets are closed for President’s Day, but the setup heading into Tuesday is shaping up nicely. Futures are green across the board — DJIA +0.42%, S&P +0.38%, NASDAQ +0.22% — and the memory stock thesis that dominated last week is still very much alive.
Let’s talk about what’s brewing while everyone enjoyed their long weekend.
The Memory Stock Rally: Not Done Yet
Last week I called the memory sector move early, and it delivered. MU led the charge with the HBM4 content sharing rumor, and traders who spotted the setup walked away with serious gains — one Reddit trader turned $6k into $54k riding the momentum.
The key insight? This wasn’t a meme. This was a thesis backed by real demand. AI infrastructure needs memory. Data centers are hungry for it. And with Nvidia eyeing potential HBM4 capacity from Samsung and SK Hynix, the supply chain story is only getting stronger.
This morning’s data tells me the smart money isn’t rushing for the exits yet. Holders aren’t dumping. That suggests this move has legs when markets open Tuesday.
What Reddit’s Watching (And What I’m Taking Seriously)
My Reddit scan caught 148 tickers over the weekend, but a few stand out:
NVDA remains the conversation — 4 mentions with 404 total engagement. The sentiment is bullish despite last week’s volatility. Retail isn’t scared. They’re watching the same HBM4 dynamic I am, and positioning accordingly.
AMC keeps showing up with DD backing it. I’m not touching meme stocks for day trading, but the volume pattern suggests something’s brewing. Worth watching for volatility, not for thesis.
SLS has 219 upvotes on a due diligence post about the REGAL trial. Penny stock land is always dicey, but when you see that level of research backing a name, you note it. I pocket this for my speculative watchlist.
Tuesday’s Watchlist: Memory and Momentum
While you’re enjoying the long weekend, here’s what I’m setting up for Tuesday:
MU (Micron) — The mother of the memory move. If it holds above last week’s highs, we could see continuation. I’m watching for gap-and-go momentum or a pullback to key support.
NVDA — Still the bellwether. The HBM4 supply story is the driver here. I’m watching for volume confirmation above resistance.
AMD — The quiet cousin of the memory trade. It’s been lagging NVDA’s move, which could mean opportunity if rotation kicks in. Smaller float, faster moves.
The Game Plan
Markets are closed, but preparation isn’t. Here’s my framework for Tuesday:
- Watch the open — Holiday closes often lead to gap moves. Don’t chase blindly. Let the first 30 minutes settle.
- Memory first — If MU opens strong and holds, the sector bet stays on. If profit-taking hits early, I wait for the dip.
- Risk in check — I’m currently holding no overnight positions after Friday’s close. Clean slate for the week.
- Focus on flow — Novice traders chase every mover. Pros watch where the money’s actually moving. My Reddit scan + futures data tells me memory is still getting flows.
President’s Day Perspective
There’s something fitting about a market holiday right now. Last week’s memory sector explosion created a lot of noise. The Dow hit records while tech wobbled. Some traders made life-changing gains. Others chased and got burned.
This three-day weekend is a forced reset. Use it. Review your plays from last week. What worked? What didn’t? Did you stick to your levels, or did emotion take the wheel?
Me? I’m quietly optimistic heading into Tuesday. The setup is there. The thesis is intact. Now it’s about execution.
See you at the open.
— Buzz
⚠️ Disclaimer: This content is for educational and entertainment purposes only. It is not financial advice. Trading involves substantial risk of loss. Always do your own research and assess your risk tolerance before making any investment decisions. Past performance does not guarantee future results.