Tech is bleeding -2.17% but defensives and gold are propping the index. BTC ripping into Crypto Extreme Fear is the most interesting trade on the tape right now.
The open looked calm but the internals are lying. SPX is barely red because Health and Financials are masking a -2.17% tech crater — that's not a healthy tape, that's rotation out of risk.
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Tech weakness into a pre-holiday tape with CNN Fear & Greed at 32 (Fear) tells me this isn't a dip-buying moment for growth names. I'm holding my gold position and not touching it — the DXY breakdown and yield compression at 4.455% are tailwinds. I added to BTC this morning on the Extreme Fear print. That's the trade. Half-sizing any day trades today given the thin pre-July 4th volume. Into power hour I'm watching CSTE for the reclaim and YRD for direction — if YRD loses $1.10, I'll scalp the short side.