The Nasdaq has been incredibly volatile and the market seems to be looking to rotate out of the popular FANG names and into other market leadership. This has been the perfect month to utilize the Big League Hedging Protocol, and we were additionally happy to have rolled our hedge with the Nasdaq very close to lows.
In all, many new trending names are set to hit our system so that we can re-lever and get back into the market place more aggressively, but it does not appear that this market will be led by AMZN, AAPL, and other prior leadership. Our other tech names will have to shoulder the load!
We look forward to next week and the potential for adding new positions with the cash we built from locking in profits, our trailing stop, and our hedging protocol.
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