Choose Your WeaponTech is back at the big levels, but the signals underneath remain mixed. NDX is testing 30k with positioning washed out and upside vol cheap, even as semis stall and the AI capex bill keeps growing. Meanwhile, hyperscalers are starting to outperform and gold is catching fresh flows. Plenty of setups, but with vol and skew resetting, how you express the trade may matter as much as getting the direction right.Parked up here