Jul. 1 at 9:41 PM
$WFC led a rotation day: chip and big-tech names got sold while banks and communication names caught the bid, and the broad index finished basically flat. Under the surface it was a hand-off, not a rally.
Live book still green up top:
$AAL near +87%,
$RBLX near +62% (added again on a +6% session),
$AAPL near +44% on its chip-supply catalyst.
Trap of the day:
$BE looked like heavy call buying on the surface but it was sellers unloading into strength, and it closed red. Loud is not the same as clean.
Watching the banks into tomorrow morning's jobs report.