🧠 AI Semis & Power Infrastructure

• $NVTS move is not just a headline pop. The real read-through is power delivery becoming the next AI-rack bottleneck. The new board sits inside the $NVDA AI Factory MGX ecosystem, converts 800V directly to the chip at 97.5% efficiency, and $NVTS is up over 25% today because megawatt-scale racks need exactly this kind of architecture. 1

• $MRVL keeps catching AI sympathy flow. The joke about Jensen calling Nvidia a $10T market cap company captures the market’s current reflex: any NVIDIA-adjacent narrative can still ignite semiconductor momentum. 2

📈 Technical Setups & Trade Management

• $TSLA is trying to reclaim short-term momentum. Intraday charts are improving, price is back over the 10ema daily, but stops are not being moved yet. No chase. Let the setup prove itself. 3

• $WMT is showing a daily reversal setup: bullish engulfing candle plus reclaim of the 200ma. This is a let-it-ride type of hold rather than a quick flip. 4

• $COST is also showing early daily reversal signs. The setup is observational, but it supports keeping a long-term investment position rather than forcing an exit. 5

• $IGV filled the gap from 2 days ago. The next key area is the 10/200ma daily zone as a lower-level support test. 6

• $ITW is breaking out of its base. Price is back over the 10ema, with the 21ma daily as the next level to watch. 7

• $MXL is being treated as a fresh momentum name. The phrase “momentum beast awakens” signals a breakout-style setup rather than a slow grind. 8

🛡️ Risk Control & Trading Process

• Micromanagement should start with red positions, not winners. Clean up the laggards first. Let strength work. 9

• $ULTA is the clean reminder: holding trades into earnings is basically a coin flip, “50-50 at best.” Earnings risk is not a setup; it is event risk. 10

• $MDT gap-up reversal after ER is worth a speculative slot, but the sizing belongs in an investment/spec/gamble bucket. Translation: acceptable asymmetric bet, not a core conviction trade. 11

🥇 Macro & Asset Allocation

• Gold has quietly smoked the consensus equity trade since 2000. Gold: ~16.5x versus S&P 500 total return: ~8.2x. Even with dividends included, gold has been the better long-term compounder while staying hated and underowned. 12

• The 60/40 allocation is not just a portfolio template; it is a massive embedded belief system. Roughly $100 trillion may be directly or indirectly tied to that structure, which makes any regime shift away from it a huge market event. 13

⚖️ Market Structure & Enforcement

• The Andrew Left lesson is less about stock promotion itself and more about uneven enforcement optics. Manipulating equities gets punished; meme-coin promotion often slips through. The cynical read: the venue matters as much as the behavior. 14