The current SPX selloff is due to a massive positioning unwind

DavidMarlin
03-04

The current $S&P 500(.SPX)$ selloff is due to a massive positioning unwind.

We have gone from ATH long positioning to just above neutral in a month’s time.

Crowded longs are getting unwound especially hard.

$Palantir Technologies Inc.(PLTR)$ $Hims & Hers Health Inc.(HIMS)$ $Strategy(MSTR)$ $NVIDIA(NVDA)$

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We closed out our Small Cap 6 Portfolio last week, locking in +99% gains overall in just over 7 months.

$E-mini Russell 2000 - main 2503(RTYmain)$ flashed sell signals for me, breaking down key weekly and daily support levels.

$Sezzle Inc(SEZL)$ $Innodata(INOD)$ $GeneDx Holdings(WGS)$ $Core Scientific, Inc.(CORZ)$ $American Superconductor(AMSC)$ $AudioEye, Inc.(AEYE)$

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