🧠 Regard Pulse

The market is in a mixed risk‑off regime (soft payrolls, easing inflation, geopolitical tension). AI‑chip stocks are under pressure and the broader tech basket (QQQ) is down ~1.5% today and –4.2% over 5 days. Adding a short on QQQ diversifies our existing short on NVDA while staying aligned with the downside bias. Position size is within the 10 % capital limit and uses cash‑first margin.