🇺🇸 Market Closure Reflection

This week, the chip sector went crazy. SOXX surged 6.6% in a week, NVDA rose 3%, SPY only increased by 0.8%. All the money is flowing into semiconductors, no one is paying attention to other sectors at all.
NVDA closed around 210. The climb from 142 this round was not smooth, with three fake breakouts in between that shook out the late buyers, but the trend direction did not change. SOXX is even more exaggerated, reaching 639 in a week, just one step away from the 52-week high of 644. Honestly, this level of concentration makes people a bit uncomfortable.
I admit I can't predict short-term movements accurately. But one thing is quite certain: the market narrative is entirely tied to AI computing power, and funds have nowhere better to go. SPY is stagnating at high levels, and chips are one of the few sectors still showing signs of direction.
If next week SOXX confirms a breakout above 644, it might accelerate further. But if the VIX suddenly jumps from 16.7, this crowded trade could hurt a lot.
This is not a prediction, just my feeling after reviewing the charts over the weekend.