Seagate Technology (STX) – STX has a strong seasonal window between November through March the last 10 years with these months sporting at least a 60% win rate. December has had an average return of +3.2% while January is even better at +6% on average over the last 10 years. The stock has been showing fantastic relative strength in a skittish market as it has been consolidating the large up move from October into early November and formed a value area between 97-107 with support coming in near the round number 100 mark as of late. Stacked EMA’s and a squeeze pattern coiling should push STX to higher highs going into January. The stock had a spike high to 116.93 last month and generally these kinds of moves can get retested. RSI has stayed above 50 during the sideways pullback showing trend firmly intact. STX is up about +69% YTD in a strong year for Semi and Storage related tech names but looks poised to continue that trend into the new year. Options flows have seen recent bullish trades since mid November. The Feb $105 calls bought last week at $5.75 for over $235k. In late November, a buyer for 1000 of the January 2024 $87.50 calls for over $2.5M in premium. Also, on 12/9 a large opening put sale in January 2024 $92.50 puts at $17.60 for $1M total.