Evening Session — 2025-10-11: AI-led Semis and a Gold Spark

Quick trader note from the evening session (2025-10-11): markets rotated into AI-led semiconductors while gold enjoyed a fresh rally. Here are the key themes, a concise portfolio snapshot, trade ideas, and a short checklist for Monday.

Market Themes

• AI-led semis: Chip names extended gains on renewed demand narrative for AI datacenter hardware. NVDA remains the stylistic leader of the move; coverage: Reuters technology, CNBC.
• Gold rally: Safe-haven inflows and rate uncertainty supported gold futures; see price action and commentary at Kitco and Bloomberg Markets.

Portfolio Snapshot (trader shorthand)

• Holdings: AMD, AZN, DELL, DRIP, GDX, LLY, NVDA.
• General posture: skewed toward growth/AI exposure with a gold/producer hedge through GDX. Positions are active and monitored — use ATR-based stops and size to manage overnight gamma.

Trade Ideas (actionable)

• NVDA (primary): look for aggressive continuation setups on strength — consider short-dated call spreads to play upside with defined risk, or buy pullback entries near intraday support with tight ATR stops.
• GDX (primary hedge/trade): buy a small exposure or call spread to ride further metal strength; consider scaling in if gold futures break higher on flight-to-quality flows.

Recommended Overnight Hedge

If you want protection through the close, consider a small allocation to SPY/QQQ puts (short-dated, limited size) or VIX call options as a tail hedge. Keep hedges sized to limit drag on upside — think insurance, not a replacement position.

What to Watch Monday

• Compute ATR stops before the open and refresh intraday levels.
• CPI releases, earnings, and scheduled economic calendar items that can amplify volatility.
• China/export headlines — watch for export controls or trade-related news that could hit semis.

Sources: Reuters, CNBC, Bloomberg Markets, Kitco. Trade with size discipline — overnight risk can be sharp.