@MichaelRgesen@_rob_anderson@NDR_Research The FY28 Cyclical Disct: Even though EPS climbs to a projected peak of over $150 by 2028, the forward multiple stays low. Wall Street prices Micron at a discount during peak earnings because it anticipates competitors bringing massive supply online by late 2028/2029.
@MichaelRgesen@_rob_anderson@NDR_Research The FY27 Earnings Peak: Net multiples compress heavily into 2027 because high-bandwidth memory (HBM) supply shortfalls are locked in under multi-year customer contracts, guaranteeing massive, high-margin pricing power.
This breadth indicator has worked well since Oct 22 lows - S&P500 stocks above 20-Day moving average. Risk on - 63 out of 67 stock on my long term cycle list in the green yesterday. TBD how this thrust works out, but the previous times indicate the uptrend is intact.
@CyclesFan So, add another oscillator like Williams %R or Stochastics to provide confirmation. Use different time frames such as a 2-day to confirm. Conviction leads to more profits.