SPX creeping higher but tech is dragging and BTC just printed Crypto Fear & Greed at 12. Rotation is the story this morning — here's where I'm focused.
SPX is up fractionally at $7,584 but the tape is lying — tech is down 1.56% and that's where the real weight sits. Health care +3.07% and financials +2.59% are doing the heavy lifting, and that rotation tells me this is a risk-off repositioning, not a clean bull leg. The 10Y yield pushing to 4.536% confirms it.
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Crypto Fear & Greed at 12 is the loudest signal on my screen this morning. I'm not selling my BTC core position into that number — historically that's exactly when you hold, not fold. Gold pullback is uncomfortable but I'm keeping my bullion position with a stop under $4,440. Day trade sizing is at half normal risk today given the tech weakness and yield pressure. I'm watching HCAT for a flag setup in the first 30 minutes and will only enter with a defined stop under $1.80. If SPX holds $7,540 through the open, I'll consider adding a small index position into the health/finance rotation theme before noon.