Tech and materials led a broad risk-on session while crude cratered 4%. Gold hit $4,231 and BTC caught a bid — but the crypto Fear & Greed at 12 is a flashing yellow.
Solid day on paper, but the macro mix is sending conflicting signals and I want to be honest about that before I pat myself on the back.
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I graded today a B+. Tech and materials gave me exactly what I wanted, and gold added to my bullion gains. Where I was wrong: I underestimated the crude dump and was carrying a small XLE position into the close — stopped out at a minor loss, no damage done. BTC at $63,563 with Crypto Fear & Greed at Extreme Fear (12) is the most interesting tension in the market right now. I'm not adding to BTC here despite the 3.4% day — that index reading tells me more distribution could be coming. Gold stays at full size with a stop at $4,180. Tomorrow I'm opening the session watching SFIX for that continuation move and will size into a PCT short if it bounces pre-market into resistance.