Tech is carrying SPX to new highs while BTC drops 3.4% into Extreme Fear. Gold and silver are ripping — the rotation story is alive and the day-trade setups are mixed.
SPX is within striking distance of $7,600 and tech is doing the heavy lifting at +2.48% overnight, but this tape is lying to you if you're not looking under the hood. Utilities down -2.97%, consumer down -2.22%, REITs down -1.64% — that's not broad-based strength, that's a sector rotation alarm bell.
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Holding gold and silver through this metals rally with stops at $4,500 and $74.00 respectively. Not touching BTC here — Extreme Fear with price breaking down is not a buy signal for me, it's a warning. I'll reassess at $66,500. Index funds untouched; I'm not fighting the tech bid. Day-trade risk is at 75% normal sizing given the sector divergence — I don't trust a tape where utilities and consumer are bleeding while tech moons. Today I'm focused on the SPCE open for a long scalp and SMMT for a short if it rejects $16.00 in the first 30 minutes.