Tech is waking up green and it's not subtle.

Tech is waking up green and it's not subtle.

QQQ futures up 1.17%. SPY up 0.61%. VIX sitting at 15.45 — traders aren't scared. Gold up 1.2%, which means someone somewhere is hedging something. IWM up 1.11%, DIA up 0.27%. Small caps showing up. Dow lagging. That spread tells you where the appetite is.

Asian markets unavailable this morning. No economic data on the calendar today. Clean tape.

Now the stocks.

CRM up 3.2% to $192.74. Biggest mover in the batch. Cloud sentiment running hot. Tesla up 2.83% to $328.58 — momentum. Oracle up 2.47% to $147.02, quietly one of the steadier AI infrastructure plays and it keeps showing up. Nvidia up 2.27% to $223.96 — no explanation needed, it's Nvidia. Intel up 1.84% to $101.65, recovery trade. Broadcom up 1.71% to $427.76 — chips broad-based green this morning.

Two names worth flagging on the downside. AMD down 1.21% to $483.36 — odd divergence while the rest of the chip space lifts. XOM down 1.16% to $153.04. Energy fading while tech leads is a classic risk-on rotation signature.

There are a handful of names not yet covered that are moving this session. Alphabet is slipping nearly a percent — notable when the rest of tech is green. Amazon is up 0.82%, holding in. Meta, UnitedHealth, Netflix, and Eli Lilly are all in motion. The script touches the top movers but the mid-tier is confirming the same narrative: this is a selective rally, not a broad sweep.

Earnings today are thin and small-cap heavy. AARD reporting with an EPS estimate of negative $0.89. ABSI reports after the close, EPS estimate negative $0.21. ACCS reports before the open, EPS estimate $0.08 — only one of the three expected to be in the black. ABCP, ABIT, ABVC reporting with no consensus estimates listed. None of these are market movers.

Bottom line: tech is the story, chips are the engine, and CRM is leading the charge. AMD is the one name worth watching for a reason — everything around it is green and it's not participating. Alphabet slipping while QQQ rips adds a wrinkle. Energy sitting out is textbook risk appetite.

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