A brutal session across the board. Tech led the carnage, gold and silver got hammered, and BTC is sitting at Extreme Fear 12. Here's how I'm grading the day and what I'm watching tomorrow.
One of those days where nothing worked except being short or in cash. Tech down 6.5%, silver down 7.7%, BTC down 5.4% — the DXY ripping 0.67% and the 10Y yield jumping to 4.536% told the whole story before noon.
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I'm grading today a C-minus. I was too slow trimming tech exposure into the open and gave back gains I should have locked. Gold and silver positions are underwater on the day but I'm not touching stops — the DXY spike looks overdone and I'm treating this as noise until $4,250 breaks. BTC I trimmed 20% of my position at $62,400 earlier this week, which softened the blow. Day trade sizing was already at half risk given the tape, so no disasters there. Tomorrow I'm watching the pre-market reaction to overnight futures — if SPX futures stabilize above $7,300 I'll look at a small long scalp in Financials or Utilities, the only two sectors holding up. If we gap down further, I'm staying flat until the first 30 minutes confirm direction.