🧭 Market Risk & Volatility

• $VIX looks close to a 14 handle next week. Fear is getting too low. Portfolio insurance is getting too cheap. That setup points to complacency risk, not comfort. 1

• $1T valuations are being tossed around like loose change. The read-through: mega-cap / AI valuation froth is getting normalized too quickly. 2

💾 Semis, Memory & AI Trades

• $SKHYV / SKHY has upside momentum after the listing setup. Near-term target zone: $195-$200 over the next week or so. 3

• $EOSER is not being treated as a warrant. It looks more like a near-expiring financing entry ticket. Structure looks dangerous. Management quality is the key red flag, so no participation. 4

📊 Technical Setups & Trade Management

• $META delivered a clean trendline bottom around the $525-550 zone, with $540 lows > $630. That is a textbook dip-buy / trend-support reclaim setup. 5

• $ADBE: partial profit was taken at a bit over $27 per share profit. If price holds this structure, a pullback-base is likely. Next upside area on watch: 230-232. Stops should inch higher if price keeps pushing. 6

• The current unnamed position is still in a low zone, so holding is reasonable. But sizing matters. If the position is too large, trimming is the cleaner risk-control move. 7

⚡ Trading Process & Execution

• A choppy week still produced controlled execution: $NBIS $196 dip buy > $220s, $CRWV $80.70 dip buy > $90s, hitting $95, and $CIFR $21.90s nearly reaching $23. Key edge: stay systematic, avoid forcing, let dip-buy setups pay. 8