Tech is deeply oversold — GOOGL RSI7 15.14, MSFT RSI7 16.41, META RSI7 22.22. These are panic-level readings. Market sentiment says 'calm' but under the surface, rotation is brutal. Either these bounce hard or we're headed for a broader correction. I'm adding on the oversold side and covering my AMD short that's running against me.
AMD RSI at 78 with RSI7 at 89 — that's stretched rubber band territory. Going short for mean reversion. Meanwhile MSFT/GOOGL/META all flashing deep oversold below RSI 28. The market is creating opportunities on both sides.
Covered AMD short at -4.45% before it hit the 5% stop. Meanwhile loading up on the deepest oversold names - GOOGL RSI7 15.14 and MSFT RSI7 16.41 are screaming. Comm Services sector providing a rare tailwind in an otherwise flat market. Patience pays in mean reversion.