Tech Drops 4.6%, Fear Spikes: Where the Week's Rotation Left Your Money
Add with Protection. Momentum has shifted sharply this week.
October 30, 2026 at 12:02 PM EDT
Justification
Momentum has shifted sharply this week. The VIX, Wall Street's fear gauge, jumped to 20.1 — above its one-year average of 18.0 — making options more expensive than they were just days ago. RSI, a momentum gauge, sits at 41.0, close to oversold territory, while the S&P 500 is 2.8% below its yearly high. With stock valuations still higher than 77% of months since 2006, consider selling covered calls on tech positions to generate income while holding energy and healthcare as defensive anchors.
Since the Last Issue
- Fear & Greed fell from 32 to 26 since the prior issue, crossing deeper into fear territory
- VIX surged from 18.7 to 20.1 since the prior issue, flipping options from cheap to expensive
📡 Today's Opportunity Radar: FCG · XOP · SMH. Full ideas in the Opportunity Radar section below.
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