Tech is down 4% and Bitcoin just hit Extreme Fear at 12 — this is a coordinated risk-off flush, not sector rotation. Here's how I'm reading the tape into power hour.
This morning did not play out the way the bulls wanted. What started as a modest pullback turned into a full risk-off sweep — tech down 4.12%, Bitcoin at $60,417 and falling, gold down 3.12% while the dollar rips to 99.985. That's a coordinated deleveraging event, not noise.
Be respectful. Slurs and harassment will be removed. Not financial advice.
One email each weekday. Same voice, same format, no spam.
Not financial advice. Do your own research.
My scanner returned zero qualified setups this morning — that tells me everything. The tape is broken right now. I'm not forcing day trades into a risk-off flush. My gold position is hurting but my stop is at $4,280 and I'm not moving it. BTC I'm holding core but I added zero today — Extreme Fear at 12 while price is still in freefall is not a capitulation bottom, it's a warning. Finance is flat and healthcare is green — that's defensive rotation, not a bull market. Power hour I'm watching SPX $7,400 as the line. If we hold it, I'll look at a small SPY position into close. If we crack it, I stay in cash and reassess tomorrow.