Last night, Micron reported another blowout quarter, and the entire AI trade complex moved with it. Check out this after hours heat map taken yesterday:
Everything from chip makers to memory names to the stocks powering AI infrastructure jumped big in the after-hours session. Safe to say, this is the new eyeball-grabber of the cycle.
But today's name isn't Micron. It's the power trade, one of the first stocks to get re-rated on AI, back when the market realized data centers are useless without electricity to run them. It's been dormant, but it wants to wake up. Here it is:
Vistra Corp $VST is currently exhibiting a squeeze score of 91.4 and a weekly squeeze score of 97.1.
Here’s what the chart looks like:
Vistra is coiling against its all-time VWAP near 168, as price works to complete a multi-month base.
Price has spent the past several months coiling and repairing the damage.
Meanwhile, volatility on the Weekly Strazza Indicator has compressed into he tightest range it's been in all cycle.
A breakout above 168 would complete the base and could ignite the next leg higher.
