S&P futures are grinding higher pre-market with Tech and Energy leading, but the crypto Fear & Greed sitting at 21 is a warning I'm not ignoring. Here's what I'm watching at the open.
Overnight was relatively quiet on the surface — SPX $7,041 holding with a modest +0.26% bid, Tech up +1.14%, and Comms catching a bid too. But the sector split tells a more interesting story. Finance, Health, and Consumer are all red. That's not a broad rally — that's rotation. I'm not chasing breadth that isn't there.
The commodity picture is what's really grabbing my attention this morning. Gold $4,826 and Silver $79.92 are both pushing higher, with silver up +1.53% — outpacing gold on a percentage basis, which historically signals real momentum in the metals trade rather than just a fear bid. Crude getting crushed -3.89% to $87.62 while Energy equities are somehow up +1.47% is a divergence I want to resolve before I touch anything in that sector. That kind of move usually means the equity side is lagging the commodity down — or someone knows something. Either way, I'm staying out of Energy names today.
Crypto Fear & Greed at
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No scanner plays today means I sit on my hands on the small-cap side. My capital stays in my existing positions and I watch the open for confirmation.