This week’s focus has been on semiconductor momentum and select rate-cut beneficiaries.
Long NVDA & MU calls: Riding the AI memory cycle and strong HBM pricing into 2026. Tight stop beneath recent support.
Short TSLA via bear call spread: Valuation remains stretched; delivery softness and shrinking margins keep risk-reward skewed lower.
Long GLD & SLV: Hedge against volatility and potential Fed-cut over-exuberance. Metals holding key moving averages, signalling sustained accumulation.
Swing trade in DBS (SGX): Positioning for technical breakout above S$55 if Q4 guidance confirms stable NIMs despite easing rates.
Bias: Selective bullishness on AI hardware and precious metals; cautious on overbought growth names.
Key trigger to watch: November CPI—confirmation of disinflation could extend the risk-on rally into December.
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