The tape shifted tone mid-morning with energy and industrials taking the wheel. LOCL is the runner of the day and power hour has a clean setup if breadth holds.
Morning came in better than expected. I was watching for tech to lead but energy and industrials stole the show — ENERGY +1.41%, INDUST +1.36% — while tech tagged along at +0.89%. SPX is sitting at $7,111.96 and the path of least resistance is still higher into the close as long as we hold above 7,090. The tape character has shifted from hesitant to constructive. Buyers are showing up on dips, not just chasing.
The scanner threw a zero-qualified reading on formal setups, but the top longs are worth knowing about. LOCL is the name of the day — $2.91, +54.79%, RVOL 3283x on a 22M float. That's not a typo. I don't chase 55% moves intraday on small float names, but if it consolidates above $2.60 into power hour without a hard flush, there's a re-entry thesis. NVTS at $15.33 with a catalyst and 3.6x RVOL on a larger float is actually the more playable setup for a measured continuation — less explosive, more controlled. GRPN at $16.66 with 4.7x RVOL is one I'm watching but not touching without a tighter base.
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Gold at $4,762 and crude at $91.32 are both ripping, which confirms the macro bid underneath this market is real commodity-driven rotation. Bitcoin at $78,290 is lagging equities — Crypto Fear & Greed sitting at 32 while stocks push Greed at 68 is a divergence I'm not ignoring. I'm long energy exposure into the close and keeping size tight on the small-cap plays until I see a clean base form.