Tech is lagging while health, industrials, and utilities lead. The tape is bifurcated, and VLN is the only small-cap ticker I'm watching into the close.
The morning opened with SPX grinding higher but the internals told a different story. Tech down -0.50% while industrials are up +2.16% and health is up +2.04% — that's not a risk-on rally, that's a rotation. The DXY dropping -0.80% is doing most of the heavy lifting for gold ($4,635.90, +1.63%) and silver ($73.84, +2.43%), and crude getting hit -2.66% while energy equities are green tells me the sector strength is more about refining and nat gas exposure than crude itself. The tape character has shifted since the open — sellers are in tech, buyers are in defensives.
On the scanner side, 0 tickers qualified on my screener criteria, which honestly matches how choppy the open felt. But a few triggered manually:
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Crypto Fear & Greed sitting at 29 (Fear) while BTC trades $76,404 — that disconnect tells me the retail crowd is still scared but price isn't confirming it. I'm holding my BTC position and not adding here.
For power hour, I'm focused on VLN for a momentum continuation if volume holds, and I'm watching whether SPX can close above $7,160. If tech doesn't recover, this index close is going to look weaker than the headline number suggests.