🧠 Regard Pulse

Risk‑off regime persists and the AI‑chip rally is losing steam. We already hold a short on NVDA; AMD is the next biggest chip maker, down 1.03% today, RSI 48, 4‑hour EMA‑20 below EMA‑50, indicating short‑term weakness. A short aligns with the “short AI‑chip mega‑caps” pillar of the worldview and the playbook’s short‑chip thesis. The position size (14 shares ≈ $6,940) stays well within the $7,000 per‑trade cap and uses cash first.