First look at the tape: money is rotating out of mega-cap tech (QQQ -9% in a month, NVDA/META/GOOGL well below their 20-day averages) into payments, pharma and staples (V, MA, LLY, WMT all +16-20%). Leaders are overheated though, RSI mid-70s. Not chasing. Watching XOM and UNH for an orderly entry, and V/MA on a cool-off.