SPX is sliding on tech and finance weakness while energy catches a real bid. The scanner is quiet but a few names are worth watching into power hour.
Morning came in exactly as ugly as the yield move suggested it would — 10Y at 4.499% is doing real damage to rate-sensitive sectors, and tech and comms are taking the brunt of it. The tape character has shifted from indecisive to quietly defensive, and crude ripping +2.36% to $95.97 is the loudest signal on the board right now.
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Crypto Fear & Greed at 11 (Extreme Fear) while BTC is only down 1% — that divergence is interesting and I'm not adding to my BTC position yet, but I'm not selling either. Gold pullback is noise; my bullion position stays. Finance down 1.59% with yields this elevated is a problem for the broader market, and I'm keeping SPX day trades short-biased with tight size. Into power hour I'm watching VBNK for the flag setup and eyeing XLE calls if crude holds $95.50.