📈 Market Index & Sentiment

• $SPX setup is conflicted: Bank of America keeps its year-end price target at 7,100, but still does not like the index at current levels. Translation: upside target intact, near-term risk/reward not clean. 1

🤖 AI & Mega-Cap Tech

• AI supply-chain watch stays hot next week. Lex Fridman heads to Taipei for Computex and is set to meet NVIDIA CEO Jensen Huang. The read-through: the trip could matter for AI supply-chain positioning, not just media buzz. 2

• $MSFT looks coiled for a quick upside move. The setup is described as “frisky,” with a possible 3-4% one-day pop soon. 3

• $NVDA had a sharp intraday flush from $218 to $211. The working read is possible EOM rebalancing, not necessarily a broken tape. 4

🧱 Enterprise Tech: IBM / ORCL

• $ORCL is back above the 200ma, so stops are being trailed higher instead of taking the trade off. Momentum reclaimed a key trend line; let-it-ride mode stays on. 5

• $IBM and $ORCL are expected to be added by year-end. The call is direct: “Mark my words.” 6

🧾 Trade Management & Execution

• $DOW trade failed and was cut for a 3.3% loss on common shares. Dividend income was collected, but the stop discipline mattered more than holding and hoping. 7

• $MOS had 6 up days, then printed indecision. That triggered partial profit-taking on swing shares, locking roughly 12% on that batch of common shares. Clean trim after a fast run. 8

• Position sizing is split between “trade shares” and extra shares. The trade-share count is calculated first; added shares create flexibility for scaling, trimming, and letting winners breathe. 9

• Stops are pre-planned during homework and respected without second-guessing. The edge is process discipline: decide before entry, execute when price hits the level. 10

• Core style is swing/position trading, with day trades only when the market demands it. Preferred setups are pullbacks to support and “dumpster dive” trades, using the daily chart as the main hunting ground. 11