Tech is getting hit from every angle this morning and the QQQ is down one point six percent before the bell — that's your signal.

Tech is getting hit from every angle this morning and the QQQ is down one point six percent before the bell — that's your signal.

ORCL down six point two five percent, sitting at one twenty-four twenty-one. Biggest loser in today's lineup. INTC down five point eight four percent at ninety-six ninety-eight — chips are bleeding out across the board. AMD down five point three three percent at five hundred ninety-four. AVGO down five percent at three seventy-four forty-five. Semis are a wreck this morning, full stop.

GOOGL down four point four four percent at three fifty-four forty-six. META down two point four six percent at six sixty-four fifty-four — mega-cap tech not immune today. NVDA down two point four percent at two oh seven forty — even the AI darling is catching spillover. AMZN down two percent at two forty-nine eighty-nine.

Now the green. CRM up three point four percent at one seventy-two sixty-eight — enterprise software bucking the trend hard. COST up three point one seven percent at nine forty-five fifty-seven. WMT up two point one five percent at one fourteen ninety-five. AAPL up one point seven six percent at three thirty-three twenty-six. When defensive names and Apple are your green standouts on a tech-down day, that tells you exactly where the rotation is going.

Futures: SPY down zero point five four, QQQ down one point six four. Small caps barely touched — IWM off just zero point zero six. DIA down zero point two one. The damage is concentrated squarely in tech. VIX sitting at eighteen — elevated but not panicking. Gold up zero point three four percent, quiet hedge.

Asian markets unavailable this morning. No economic data on the calendar today. Clean tape, no macro events to pin moves on — what you see is what you get.

Earnings: ALV reports before the open, EPS estimate two forty-four. BALY reports after the close, estimate negative one thirty-five. BTM also after the close, estimate negative fifty-six cents. BOTJ, CCBC, and CCFN reporting with no estimates available.

No crypto. Never crypto.

Semis down five to six percent across four names simultaneously — that's not noise, that's a sector rotation or a specific catalyst hitting the group. And when NVDA and GOOGL join the slide while WMT and COST go green, the market is making a statement about where it wants to be today. Do your own work before that open.

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