S&P futures are pushing toward $7,126 with tech and consumer leading, crude is up over 5%, and my scanner flagged three high-RVOL longs I'm sizing up before the bell.
Futures are green across the board this Monday morning with SPX at $7,126 — a clean +1.20% overnight move that has tech (+1.53%) and consumer discretionary (+2.36%) leading the charge. The Fear & Greed Index sitting at 68 (Greed) tells me this isn't a panic bounce — it's a momentum continuation. I'm not fighting it, but I'm also not chasing blindly into extended names. The economic calendar is light today, so price action will be the story.
Crude oil is the wildcard. $86.91 (+5.23%) is a violent overnight move and it's not showing up in energy equities — the sector is actually down 2.76%. That divergence is worth respecting. Either crude reverses hard, or energy stocks catch up later this week. I'm not touching energy longs today until I see confirmation. Gold and silver are both red — gold at $4,823 off 1.15% and silver down over 3% — which is unusual on a risk-on day. Smells like rotation out of safety trades, not a macro breakdown.
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On the short side, FLNC, VG, and PTEN are all fading but RVOL is weak (sub-2x) — I'm skipping all three. No edge there.
I'm going into the open long Bitcoin via spot (held through the weekend), watching BTC $75k as near-term support with crypto Fear & Greed still in Fear at 29 — that's a longer-term buy signal for me even if short-term it chops. My focus today is LZM and IFRX on the open.