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New Bear Market? Heavy Tech Selloff

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Today the markets were shattered by weakness in mega cap tech.

All major leading companies in the QQQ were severely down.

We saw the majority of the S&P 500 sectors green with health care leading the charge.

Despite all indices closing negative this was not a full fledge market sell.

Commodities were hit across the board. Gold, Nat gas, Oil, Uranium, Silver were all down.

It seems the market is de risking into J Powell Jackson Hole meeting on Thursday / Friday.

Today we closed out MSFT PLTR short & trimmed MSOS puts for over 105%

We were very active on the option and swing trading side of the market.

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