Zone bounce? Looks like a trap to me.
Energy and industrials still leading; tech lagging despite the bounce.
XLI held 158.36–155.04 with minimal wicks; SPY/XLU divergence suggests rotation, not broad strength.
NVDA whipsawed again; feels like a bounce trade setup. I’m nibbling on dips, tight stops, until it reclaims 500.
From a portfolio lens, I’m keeping NVDA a concentrated but capped position, sizing it under 5% with cash and TLT as offset. Watching guidance and gross margins; if they slip, I’ll rotate into broader AI exposure like MSFT and AMZN.
AI hardware is still the growth story, but NVDA’s volatility reminds me why sector rotation matters. If AMD and SQ keep catching shares, NVDA’s premium could compress. I’m cautiously optimistic, just hedging with some AMD puts.
