10/8/2026: Interest rates down, The start of a rotation? - Rates all closed lower today providing a lift to the interest rate sensitive groups. $IWM $XLF - Both small caps and financials are near their 200sma which I believe is an important area for us to not start living under. - Despite $USO pushing higher rotation under the hood started to really stand out. - $RSP nice job rebounding today. - OpenAI casually understates revenue by 20B. I don't want to blame that news as the reason why this market sold off, but a mixture of news + rotation really sped things up. - $BTC $ETH continue to come under pressure. Halfway decent close which allowed me to keep my position open but we have it on a tight leash from here. - Semiconductors $SMH closing down nearly 3% as $AMD $NVDA stall at their recent highs. - Memory names reverse yesterdays push. Red flag to me. - Photonics outside of $LITE trade poorly. - Neoclouds continue to break down. $NBIS finally broke from the consolidation. - Refiners starting to speed up, A little too much too fast here. $VLO $PSX $DINO $MPC - Shippers steady highs $ECO $FRO $DHT $INSW $BWET - As ugly as today may have looked I am trying to find the silver lining. Rotation was strong, lets see if we can follow up on that.