Health Leads, Fear & Greed Split, Watching MYGN
SPX at $7,712 with Fear at 29 while crypto sits at Greed 63. Health and REIT are carrying the tape — here's my game plan.
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Live tape — what this brief is about
Overnight was quiet but the sector rotation tells the real story this morning. Health is up +2.37%, REITs +1.70%, Financials +1.20% — money is moving into defensives and rate-sensitives even as the 10Y yield sits at 5.096%. Tech is the drag at -0.28%, and that divergence matters for how I size into the open.
On my radar
- MYGN $5.54 — RVOL 15.4x, float 94.5M, catalyst-driven. This is the cleanest setup on the scanner. I want to see it hold $5.20 on any early pullback and build a flag before I chase. A break and hold above $5.75 is my trigger.
- LION $12.15 — RVOL 6.1x but float at 297.5M is too heavy for me to get excited about a clean squeeze. I'll watch it but won't touch unless it clears $12.80 on volume.
- BDTX $2.07 — RVOL only 2.9x and no named catalyst. Pass for now.
Levels I care about
- SPX $7,680 is my line in the sand — below that and I'm pulling back all intraday risk exposure immediately.
- SPX $7,750 is the upside target; a clean push through that level opens a run toward $7,800.
- Gold $4,100 is the floor I'm defending in my bullion position — no conviction short-term below that.
- Crude $98.50 is the breakout level I'm watching in energy; XLE could get interesting if it clears that.
How I'm positioned
Stock Fear & Greed at 29 (Fear) while crypto sits at 63 (Greed) — that divergence tells me crypto participants are more risk-on than equity traders right now, and I trust the equity signal more at open. Holding my BTC position but not adding. Gold is a core hold with a stop below $4,100. Going into today's open I'm half-sized on day trades until SPX picks a direction off $7,680. If MYGN flags cleanly in the first 20 minutes I'm taking a starter position with a stop at $5.10. No chasing gap-ups blind in a Fear 29 tape.
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Not financial advice. Do your own research.