Tech is bleeding while retail holds the floor — that's your Monday signal right there.

Tech is bleeding while retail holds the floor — that's your Monday signal right there.

Tesla down 7.49%, sitting at 393. Biggest drop on the board. Sentiment. Intel off 5.25% at 120. Execution doubt hasn't gone away. Meta minus 4.9% at 582. Ad spend nerves creeping back in. AMD down 4.26% at 517. Chips getting hit across the board — that's not a coincidence.

Now the other side. Apple up 4.84% at 308. Supply chain relief is the read. Netflix plus 4.66% at 77. Subscribers holding, story holding. Costco up 2.92% at 951. Consumers still showing up where value lives. Walmart adding 2.78% at 111. Same trade, different aisle.

Futures tell you the split clearly. SPY down a tenth, QQQ down 1.73% — Nasdaq absorbing the tech pressure. IWM off 0.58%. DIA up 1.05%, which tracks if you're watching Walmart carry weight in the index. VIX data unavailable today. Gold up 2.4% — that's a flight move, full stop.

No Asian market data overnight. You're flying partly blind on global sentiment going into the open.

No economic calendar today. Nothing scheduled to move the macro needle from a data standpoint.

Earnings to watch: Enerpac, ticker EPAC, reports after the close. Consensus EPS estimate is 50 cents. Also on the docket: AIDG, CEV, CHBH, CHSCP, and FPF — no estimates circulating on those.

Two names the signals flagged that didn't make the rundown: Broadcom off 2.41% at 360, and Eli Lilly up 1.86% at 1213. Broadcom extends the chip-side damage — this isn't just AMD and Intel, the whole semiconductor stack is under pressure. Lilly holding green in a red tape session is worth noting — defensives and healthcare getting a quiet bid while tech absorbs the hit.

The session story is straightforward. Tech sold, defensive retail bought, gold climbed. QQQ lagging SPY by 1.6 points is your spread to watch at the open. If that gap closes, rotation pauses. If it widens, the tech bleed continues.

Numbers don't lie. People do. Trade accordingly.