Tech is bleeding and energy is the only thing worth watching — that's Tuesday in a nutshell.

Tech is bleeding and energy is the only thing worth watching — that's Tuesday in a nutshell.

Oracle down 6.47%, sitting at 131.54. That's the headline. Intel down 6.12% to 103.12 — two legacy names getting crushed on the same session. Nvidia off 3.52% to 203.53. AMD down 4.21% to 534.39. Broadcom down 3.98% to 384.05. Five semiconductor and chip names in the red — that's not noise, that's a rotation.

Salesforce bucked it. Up 4.84% to 171.22 — cloud holding while silicon sells off.

Tesla down 3.19% to 394.76. No catalyst needed when the tape looks like this.

ExxonMobil up 4.05% to 144.51. Energy running while tech walks into traffic.

QQQ down 1.90%. SPY down 0.77%. The spread between those two tells you exactly where the pain is concentrated. IWM down 0.85%. DIA down 0.25%. Dow barely touched. Nasdaq took the hit.

VIX at 17.16 — elevated but not panicking. Traders are cautious, not scared.

Nothing on the economic calendar today. Eyes on earnings instead.

BlackRock reports before the open. Estimate is 12.669 on EPS — that's the number to watch. BNY Mellon also pre-market, two separate estimates: 2.2023 and 2.2271. Financials reporting into a tape that's rewarding non-tech. Timing works. Also on deck: ADX, BVFL, CCTG.

Asian markets data unavailable overnight. Gold data missing. We don't guess here.

Bottom line: tech took a coordinated hit. Not one name, not two — five chips and semis all red double-digits or close to it on a single session. That kind of breadth in the selling doesn't happen randomly. Salesforce and Exxon are the exceptions. Everything else in the sector is a crime scene.

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