Tech carried the tape again while Financials cratered 1.12% and Utilities got wrecked. MEI was the day trade of the day — 48% with 25.5x RVOL and I wasn't in it.
Overall a decent tape if you were in tech or comms, but the rotational story underneath is getting messier by the session. SPX up 0.60% looks clean on the surface — it's not.
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Not financial advice. Do your own research.
Financials down 1.12% and Utilities down 1.23% on the same day tells me rate-sensitive sectors are repricing fast. I'm holding my gold position through any dip to $4,640 — silver's move today reinforces that thesis. BTC at $79,596 with Crypto Fear & Greed at 42 (Fear) while equity Fear & Greed sits at 66 (Greed) is a divergence I don't love — I trimmed 15% of my BTC position into today's weakness.
I missed MEI. That one stings. The float was right, the RVOL was right, the catalyst was there — I was watching the wrong tape at open. Tomorrow I'm setting a pre-market alert at $13.00 and sizing in only on a clean break with volume confirmation. Not chasing anything above $15 on a day-two gap.