The Selective Sell-Off Nobody's Talking About (The Chart They Don't Want You to See)

Surveying the damage after Friday's washout—only slightly lower lows on several indices and mutual funds. I tweeted out a bunch of broken sector charts just to pass the time. lol Are markets broken? Have you checked your 401k lately? I sure as hell have—watching ours like a hawk and trading it like an HFT hedge fund manager.

Sentiment & Technicals:   

Seeing a lot of fear porn chatter, but still the $VIX doesn't scream "PANIC". Weird. The $SPY got slammed right at the 200-day out of the gate, along with $NVDA—so the stage was set early. Small caps got crushed, gold miners too, and other junk nobody cares about (looking at you, Super Micro Computer -26%).   

🚨Gold bugs are learning about the oldest trick in the book. Gold miners were supposed to out-perform gold, remember? 😂 #CNBC #PumpNDump #FastMoney $GDX 👇 pic.twitter.com/QHpkHwmGc3

— Veteran Market Timer (@3Xtraders) March 20, 2026

CNBC made a big deal about small caps hitting "corrective territory"—fancy term for a 10% pullback nobody cares about. The $SML (S&P 600) is back below 2021 levels if you're hunting for a real sob story.

Look, if you're really bearish, sell your favorite Warren Buffett pick: $AAPL Apple 😅

Daily volume on the $SPX was huge—higher than we saw even during the April 2025 crash. But if the $VIX can't break out, this looks more like end-of-quarter rebalancing on a massive triple-witch OPEX than anything fundamental. Iran? Sure. High oil prices don't stop money from getting put to work in the spring. Time to put money to work.

NVIDIA + Apple = ~13% of the S&P (and the Mag7 close to 40%). What do you think comes next? Spoiler: 

$AAPL Apple landed precisely on the 200 day SMA 

The eagle has landed 

$NYA (NYSE Composite Index) The chart they don't want you to see.   

What about all those software names they were trying to steer you away from just a few weeks ago. Distracted by Iran much? Get on it! 

P. S. Bitcoin also no longer sells off with tech, and not because it behaves like digital gold. It trades opposite gold, more like speculative tech. Think Coinbase - treading water at the 50 day. Nobody notices, but yours truly. 

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