A messy Tuesday close with gold dumping 2.26%, energy surging, and LOCL running 45% while my scanner technically flagged it but qualified zero tickers. Here's the full breakdown.
I'll grade today a C+. The macro read was partially right — I've been watching the dollar and yields as the leading indicators, and both confirmed the pain in rate-sensitive sectors today. DXY +0.46% and the 10Y at 4.307% crushed REITs (-1.79%), Utilities (-1.31%), and Industrials (-1.35%). That's not surprising. What hurt was the metals reversal. Gold -2.26% to $4,719.70 and Silver -4.61% to $76.35 — that's a real flush on my bullion positions. I'm not panicking. These moves happen in bull trends. But I'm watching the $4,650 level on gold hard; if we lose that, I'm trimming 20% of my physical exposure.
The scanner flagged 395 tickers and qualified zero. That's the scanner doing its job — the signal-to-noise ratio was garbage today. But I want to be honest: LOCL at +44.68% with RVOL of 2,916x was an obvious mover that I sat out. Float of 22.4M, that kind of relative volume screams news-driven gap. I missed the entry and I won't chase it tomorrow. NVTS (+19.36%) and (+7.16%) were cleaner but lower conviction setups — I wouldn't have taken either.
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Stock market Fear & Greed sitting at 69 (Greed) while crypto sits in fear is a weird divergence I'm keeping an eye on. Tomorrow I want to see if energy can follow through or if today was just a one-day squeeze.