The morning session validated the energy rotation trade while tech and consumer stocks bled out. One scanner name is running hard — here's how I'm thinking about power hour.
The tape character shifted early and it held. Tech and consumer names rolled over right at the open and never recovered — TECH -0.67% and CONSUM -0.73% while energy and finance quietly outperformed. That's not noise, that's rotation with conviction. The 10Y yield ticking up to 4.318% is the through-line here — growth names hate that environment, and the market is repricing accordingly even with SPX only down -0.13% on the day. The index number is hiding real sector damage.
My scanner ran 349 tickers and zero officially qualified, but three longs and a short caught my eye anyway:
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Fear & Greed sitting at 68 (Greed) tells me the crowd isn't panicking — which means dip buyers will try to step in on anything that looks like a flush. I'm not fighting that, but I'm also not trusting it. I trimmed my tech exposure at the open and I'm holding my energy names through power hour. RMAX is the only active trade I'm sizing into today.