Silver down nearly 10%, gold off 2.8%, and SPX bleeding with Materials leading the way lower. Energy is the only place working right now — and the scanner is nearly dry.
This is not the tape we opened with. Silver getting smoked nearly 10% while crude rips 3.5% tells you a macro rotation is in progress — the dollar is catching a bid, risk-off is hitting commodities selectively, and the "everything up" trade from earlier this week is officially dead for today.
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Scanner qualified zero tickers out of 404 — that's a loud message. The tape character has shifted from momo-friendly to choppy and treacherous. Fear & Greed at 65 (Greed) while SPX is down nearly 1% and Materials are getting destroyed is a disconnect I don't trust. I trimmed my gold position by 25% this morning ahead of $4,540 support. Holding crude exposure via my energy basket — that's the only sector I'd add to today. Day trades are off the table with this scanner output. Into power hour I'm watching SPX $7,400 and doing nothing unless DWSN reclaims $3.90 with conviction.