SPX closes green at $7,244 on tech strength while BOOM ripped 36% and silver quietly posted one of its better sessions of the year. Here's how I'm grading today.
Tech did the heavy lifting today and I'll take it. SPX +0.49% isn't a fireworks show, but with energy dragging -1.19% and health, industrials, and utilities all red, this rally was narrow. That matters. When only tech and consumer are pulling, you don't get broad confirmation — you get rotation risk. I'm not adding to my index positions on this close. The Fear & Greed sitting at 66 (Greed) tells me the easy money in this leg is already made.
The real story today was the scanner and my watchlist. BOOM at $8.41 (+36%) with RVOL 6.1x and a 20.5M float was a textbook gap-and-go. I was watching it premarket. I didn't take the entry because I wanted a clean pullback to $6.80 that never came — it just ran. That's the honest answer. Grade myself a C+ on the long side today. ACCO was a cleaner setup in hindsight too, but the 92M float made me hesitant. On the short side, SMMT -24.91% with RVOL 3.5x was the move of the day if you were positioned. Catalyst-driven flush, no bounce — that's the kind of short I live for and missed.
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