SPX pushes toward $7,230 on tech strength while gold and silver get hit hard. The scanner flagged some real movers — here's what I'm watching at the open.
Futures are holding green with SPX at $7,230.12, and tech is doing the heavy lifting again at +1.49%. Everything else is a mess — energy down 1.34%, industrials off 0.93%, financials red. This isn't a broad rally, it's a rotation story. The market CNN Fear & Greed is sitting at 66 (Greed), which tells me complacency is creeping in. I'm not chasing index longs here. I want to be selective.
Gold getting slammed 1.69% to $4,566.20 with silver down 3.65% is worth noting. That's not a small pullback. Dollar is up, oil is surging to $104.98 (+2.98%) — this smells like macro repositioning ahead of data. ISM Services and the April jobs report both drop this morning. If payrolls come in hot, expect rates to stay sticky and growth stocks to give back some of these gains fast. I'm not adding to my bullion position into this — I'll wait for the dust to settle post-9:30.
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I'm going into the open with cash heavy, small position in BTC, and no new index exposure. BOOM is my primary focus. I'm not touching anything until 9:45.