SPX is up 1.45% with tech leading at +4.41%, but the scanner came up empty and crude's 5% drop is flashing a risk-off undercurrent worth watching into power hour.
Morning played out stronger than the mixed open suggested — tech is doing the heavy lifting and SPX is pressing highs, but the tape character under the hood is bifurcated. Crude down over 5%, natgas off 4%, utilities and REITs bleeding. This isn't a clean risk-on day; it's a tech-led squeeze with everything else trying not to roll over.
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Crypto Fear & Greed is at 25 (Extreme Fear) while BTC is only up 0.82% — that divergence tells me crypto isn't participating in this equity rally with conviction. I'm not adding BTC here. Gold and silver positions I'm holding through any intraday dip; the metals are confirming my thesis. Scanner came up empty on qualified setups, so I'm not forcing any new day trades — MED is on watch but I'm waiting for a clean entry, not chasing a 30% mover at midday. Into power hour, I'm watching SPX $7,680 as my trigger: hold it and I let my existing index exposure ride; break it and I trim before the close.
Not financial advice. Everything here is personal opinion and commentary on public market data. Do your own research.
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