A split session — equities bounced, energy got destroyed, and precious metals ripped to levels that demand attention. Here's how I'm positioned heading into Wednesday.
Let's grade the day: B+. Equities held up better than the headlines deserved, with SPX closing at $6,963.72 (+1.13%) and CONSUM leading at +2.22%. Tech followed at +1.37%, which tells me the rotation back into growth isn't dead yet. Energy was the obvious loser — crude oil down 7.41% to $91.74 is not a one-day blip. That's a demand destruction signal, and I'm staying far away from energy longs until I see a multi-day base forming.
The real story today was metals. Gold at $4,866.50 is up over 2% and showing no signs of exhaustion. Silver is the one that's got my attention — +5.27% to $79.65 in a single session is a breakout move, not noise. I've been holding physical silver and a miners position, and today's print is validating the thesis I've had since Q1. If silver closes above $80 tomorrow, I'm adding.
Bitcoin at $74,170 with Crypto Fear & Greed sitting at 21 (Extreme Fear)
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