Tech got lit up today and nobody was spared.

Tech got lit up today and nobody was spared.

Netflix down 7.26%, closing at 68.95. That's the session's biggest casualty. Meta off 2.79% at 646.01. Tesla down 2.61% at 380.84. Nvidia dropped 2.21% to 202.81. Alphabet down 2.17% at 346.77. Intel off 2% at 95.04. Microsoft down 1.81% to 393.82. Only one stock finished green — Oracle up 1.77% at 126.41. Lone survivor.

Tech bled across the board. No single catalyst. Just uniform selling.

Futures confirm the mood. SPY down 0.99%. QQQ down 1.5% — Nasdaq leading the damage. IWM off 0.52%, DIA down 0.77%. Small caps held up better than growth. That's the tell. VIX sitting at 18.77 — elevated but not panicked. Gold slipped 0.27%. Asian markets unavailable.

No economic data scheduled tomorrow. Calendar is clean.

Earnings are the wildcard. Before the open — Ally Financial, EPS estimate 1.25. Atlantic Union Bancshares, estimate 0.92. After the close — Alaska Air, estimate negative 1.00, so the loss is already priced in, question is how wrong the street is. AMERITAS Financial and ARR also reporting after the bell, estimates 0.53 and 0.75 respectively. AQUC reporting with no estimate on record.

Bottom line: QQQ down 1.5% on a day with zero macro news and no earnings catalyst means this was pure positioning. Someone decided Monday was a good day to lighten up on growth. Netflix's 7.26% drop is the loudest number on the board — watch whether that bleeds into streaming and media names tomorrow. Oracle holding green in this tape is worth noting. Salesforce, Amazon, AMD, and Broadcom all down between 1% and 1.11% — the selling wasn't just the headliners, it was the whole bench.

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