Gianni just flagged a real tech rout unfolding in today’s session. Software stocks plunged over 5% and erased all of their 2025 gains in a single day.
The crypto panic from the weekend is now bleeding into equities. The S&P 500 wiped out all of yesterday’s gains. Tech is leading the selloff.
Microsoft is almost filling its April 2025 earnings gap. Another $10 to $15 lower closes the hole completely.
Here’s what Gianni covered in tonight’s video:
- XLK down nearly 3% with semiconductors falling alongside it.
- Bitcoin wiped out all gains since last year and may find support at $60,000 to $65,000.
- Gianni is sitting at 70% to 95% cash depending on the account.
- Energy stocks like ExxonMobil and CVX are ripping while crude holds the $60 to $62 support zone.
- Apple is bucking the trend and may have already bottomed.
Gianni sees this selloff as the setup for the best buying opportunity of 2026. A 5% to 8% correction that washes out the longs. Then he plans to get aggressive on the long side.
The trend is still up. The fundamentals haven’t changed. This is a cyclical reset.
