Quick PM Session Recap — 2025-11-05: Stops, Rotations, and NVDA/AMD Conviction

PM session notes for speculative swing traders — short, punchy, and actionable.

Market context

Late-day risk-on bounce ran into mixed breadth: large-cap leadership kept chopping while semiconductors showed strength. Volatility faded into the close, but the tape had enough chop to test patience.

Key portfolio moves

• INTC stop exit triggered — consolidated quickly after earnings; took the stop and moved on.
• Rotation: trimmed SMH exposure and redeployed into logistics exposure (UPS) — playing shorter timeframes and relative momentum.

Thesis — keep NVDA/AMD exposure

NVDA/AMD remain structural plays on AI/cloud capex. Near-term pullbacks are buyable on strength in semis and order flow. Position sizes trimmed where needed but maintaining exposure for asymmetric upside.

Planned next-session actions

• Re-attempt buys in SPOT, GPN, APO if opening strength and prints consistent liquidity.
• Watch DELL for close above intraday resistance — a clean close triggers follow-through entries.

Risk management

Raise-only stops on core semis; let winners run. UVXY held as a tail hedge — small, cheap, optional protection against gap-down risk.

Trade journal (succinct)

• INTC — stop exit (earnings chop)
• SMH → trimmed
• UPS — added on relative strength
• NVDA/AMD — held, trims vs add-on rules
• UVXY — retain as tail hedge

Short, sharp, and ready for tomorrow’s open — keep size in check and focus on clear entry triggers.