SPX Grinds Higher, Utilities Surge, and the Scanner Went Silent
SPX closed at $7,819.99 on a broad but uninspiring grind. Zero scanner qualifications today — but TRIB and OFS ran hard without me.
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Live tape — what this brief is about
Decent day on paper, frustrating day in practice. SPX added 0.59% to close at $7,819.99, Utilities led with a +2.88% rip, and Consumer Discretionary wasn't far behind at +1.19%. That's a defensive-plus-consumer rotation that tells me money is repositioning, not fleeing. The tape was healthy — I just didn't extract much from it.
On my radar
- TRIB $7.15 — +23.92%, RVOL 5.8x, float 13.5M. Didn't qualify the scanner cutoff but ran anyway. If this consolidates tomorrow above $6.80 with volume drying up, I'll watch for a continuation flag into the open.
- OFS $4.17 — +16.99%, RVOL 9.5x, float 13.4M. Cleaner float than TRIB and higher relative volume. $3.90 is the level I need to hold overnight for a morning pop thesis to stay alive.
- NEO $16.50 — down 13.72% on catalyst, RVOL only 2.0x. Not enough juice for a short bounce trade. Monitoring for a dead-cat fade tomorrow if it gaps up weak.
Levels I care about
- SPX $7,780 is now support — that's the level I'm watching on any morning pullback. Below it and I expect a test of $7,740.
- Gold $4,197 is flirting with resistance after a +0.97% session. A clean break above $4,210 accelerates my bullion thesis meaningfully.
- 10Y Yield at 5.269% with a DXY down 0.30% is the macro tension I'm holding onto — yields this high while the dollar softens is an unusual divergence that doesn't resolve quietly.
How I'm positioned
Scanner went 0-for-423 on qualifications today, which tells me the small-cap momentum universe was thin. TRIB and OFS ran without me — I grade that as a miss on discretionary override, not a system failure. I'm holding gold through any pullback to $4,150 and not touching the stop. BTC at $85,589 with Crypto Fear & Greed at 73 (Greed) is making me cautious on adding — I won't chase. My index exposure stays long. Tomorrow I'm focused on TRIB and OFS at the open — if either gives me a clean consolidation setup with RVOL above 3x in the first 15 minutes, I'm in with half size.
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