SPX is slipping 0.28% overnight while gold rips nearly 1% to $4,122 and silver leads with +2.20%. Financials are the pain trade today — down nearly 2% — and the scanner is thin, but a few setups are worth watching.
Overnight action is telling a clear story: rotation out of risk and into hard assets. Gold at $4,122 and silver at $59.83 are moving with conviction while SPX drifts lower and financials get crushed. The 10Y yield at 4.577% is the culprit — that's pressure on anything rate-sensitive, and REIT and Finance are paying the price this morning.
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Crypto Fear & Greed at 22 (Extreme Fear) while BTC is quietly up 0.51% to $62,553. That divergence is interesting — I'm not adding here but I'm not selling either. My BTC position stays put.
Gold and silver are working exactly as expected. I'm holding my physical and ETF bullion positions through this move and not adding until gold confirms above $4,150.
The scanner pulled zero qualified names out of 429 tickers — that tells me this tape is not built for aggressive day trading. I'm cutting day trade sizing to 40% of normal risk today. If KC or WTI give me a clean trigger I'll take a small position, but I'm not forcing it. Main focus today is protecting existing longs and watching whether SPX holds $7,450 into the close.