Tech is carrying the day and SPX is up over 1%, but crypto is fading, oil is getting crushed, and the scanner came up dry. Here's what I'm watching into power hour.
Morning played out better than I expected on the index level. SPX $6,886 is a clean breakout off overnight levels, and tech at +2.10% is doing the heavy lifting — that's not a broad rally, that's a sector rotation story. Finance at +1.75% adds some credibility, but Utilities at -1.21% tells me this isn't a risk-off squeeze. People are reaching for growth. I'll take it, but I'm not trusting it blindly.
The part that keeps me cautious: crypto is red. Bitcoin at $74,306 with a Crypto Fear & Greed of 21 (Extreme Fear) is a divergence I can't ignore. When BTC fades while equities rip, one of them is lying — and it's usually not Bitcoin. Oil down -2.12% isn't helping the commodity bull thesis either, though gold and silver holding green keeps my bullion positions intact.
Scanner came up empty today, which happens. I'm not forcing trades just because the tape is green. For power hour I'm watching:
The Fear & Greed sitting at 41 tells me there's still fuel here — this isn't euphoria. I'm holding my index exposure, keeping my bullion longs, and staying flat on Bitcoin until I see the crypto tape stabilize. Not adding new positions into a dry scanner day.
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Not financial advice. Do your own research.