SPX is holding near all-time highs while crude surges and crypto bleeds. CRMT and SVCO are the pre-market setups I'm watching — here's where I need them to prove themselves.
Overnight tape is a mixed bag with a bullish tilt — energy and tech are carrying the load while health and comms are getting hammered. Crude at $96.03 up 2.4% is the story this morning, and it's dragging utilities along with it in a rotation that doesn't fully add up yet.
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Crypto Fear & Greed at 11 (Extreme Fear) while BTC is only down 0.5% YTD — that's a divergence I'm paying attention to. I'm not adding BTC here but I'm not selling either. My gold position stays intact with a mental stop at $4,450. Going into today's open I'm sizing day trades at 75% normal risk given SPX is stretched and the sector rotation is choppy. First action today: watching CRMT's opening candle — if it holds $7.80 I'm in small, adding only if $8.50 breaks clean.