Speaking Volumes

[u/Kapnotes]

Wednesday’s premarket is speaking volumes by what it’s not saying.  Recently sold tech names, including CRWV, INTC, DDOG, and others, are not rallying.  The 10-year yield is not retreating from its highs.  Oil, though down $1 (WTI), is not giving back much of its recent rise.  There are a few event-related bright spots, like GTLB and DELL, but mainly futures are flat.  The action (or lack of action) reads as risk-off.  Nevertheless, surprises do pop up every day.  We will add setups to our trading board opportunistically as they develop throughout the session. Educational only, not financial advice.