Here’s your trade on Seagate Tech ($STX) and Roundhill Memory ETF ($DRAM). – April 28, 2026

by MarketMentor

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Read the transcript HERE

Key Takeaways

  • Market Truth vs. Personal Opinion: You can study an industry until you are the smartest person in the room, but you will never be smarter than the market. Follow the price and volume, not your personal thesis.

  • The “Outlandish” Target: Dan has raised his price target on Seagate ($STX) from $600 to a psychological $1,000, noting that analyst upward revisions often act as fuel for continued momentum.

  • The Gappy Nature of Memory: The DRAM sector is notoriously volatile. “Riding the lightning” means accepting that these stocks don’t move in straight lines; they jump and dive, making intraday analysis crucial for entries.

  • The Opening Rotation Edge: Professional trading isn’t about grinding all day. It’s about identifying select stocks in the first hour (the opening rotation) and then walking away if the setup isn’t perfect.

Riding the Lightning in the DRAM Sector

The “Gappy” Reality of Success

If you want to trade the hottest sector in the market—Data Storage—you have to be prepared for some turbulence. As Dan Fitzpatrick notes, the DRAM ETF is “sporty,” often jumping 3% or dropping 5% before the opening bell even rings. Success in this space isn’t about finding a “smooth” ride; it’s about “riding the lightning” and trusting the technical levels.

Seagate ($STX): The $1,000 Vision

Back in January, a $600 price target on Seagate seemed bold. Today, that target is in the rearview mirror. While Wall Street analysts are busy “rearranging deck chairs” and cautiously raising targets to $750, Dan is looking at the $1,000 mark. Why? Because the volume “skyscrapers” tell us that institutions are still vacuuming up shares. In a momentum market, the trend usually lasts longer than the “experts” think is rational.

OpenAI and the “Animal House” Narrative

We are seeing a fascinating split between headlines and the tape. While OpenAI executives are doing their best “Kevin Bacon in Animal House” impression—shouting “all is well” while data suggests revenue might be lagging—the semiconductor market continues to ignore the noise. The compute cycle and the hardware required for the AI stack (GPUs and DRAM) are still seeing massive institutional demand that transcends any single software company’s PR.

Mastering the Opening Rotation

The secret to longevity in this business isn’t staring at screens for eight hours a day. It’s about the Opening Rotation. By focusing on high-conviction setups in the first hour of trading, you can capture the “meat” of the move and then get on with your day. This Thursday and Friday, we are putting this into practice with live trading for our 59-Minute Trader members.

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