Evening Run — 2025-09-24: Fed tone softens; positioning trimmed

Market context: Fed and regional Fed remarks leaned data-dependent and cautious. Source: https://www.federalreserve.gov/newsevents.htm Trades taken earlier: • GDX — added on miner breakout (commodity bid). • SOXL — tactical long after intra-session strength. • SQQQ — hedge reintroduced for tail-risk protection. Rationale: Dovish-leaning Fed comments created a bifurcated tape — cyclicals and miners rallied while tech showed intraday exhaustion. Positioned for asymmetric short-term upside in miners/semis and used SQQQ as insurance. Stops & risk: Tightened stops — GDX to nearby support, SOXL to intraday structure, SQQQ widened slightly to avoid noise. Risk posture moved from neutral-offensive back to balanced by close. Plan: Watch further Fed/regional headlines and US data. If miners/semis clear today’s highs, consider adding; if breadth weakens, add protection. Treat SQQQ as insurance; trim on sustained risk-on. Sources: Federal Reserve press releases.