Market Update and my plans (Patreon)

Hi team

As you know I have been implementing my hedges on spikes across my major holdings - Those hedged are MSTR NVDA and META.  GOOG and TSLA are unhedged as they have not topped. 

I am not hedging Bitcoin and Crypto as I expected more crises and each time we have one Bitcoin seems to benefit - eg this - As First Republic Bank disintegrates, over $200M worth of #Bitcoin  was pulled from exchanges yesterday. 

The activity below was being driven by large whales.

SMART MONEY PLAYS:

The image below shows that Smart money is placing large bets on the downside. This trend has occurred twice, 

Regarding the image below - it appears Smart money is betting big on the downside.  This recently happened twice:

1. Before the 2022 bear market

2. During the Aug 2022 rally

both of which led to a rapid decline in the market.

In more on Smart money selling:

BlackRock CEO Larry Fink sold $25 million worth of shares last week, representing 7% of his stake

The last time he sold a big portion was just before the C19 collapse 👀 - it was 7% of his bag and he has an excellent track record in timing his sales. 

If we hit SPX4200 I will deploy my Hedge I covered in Friday's Patreon Exclusive video on Hedging. 

Happy Sunday (& Monday to those down under)