Intel's leading the chip pack green while Exxon bleeds out — Thursday's already picking sides.

Intel's leading the chip pack green while Exxon bleeds out — Thursday's already picking sides.

Futures first. SPY down 0.44%. QQQ flat at plus 0.03%. VIX sitting at 15.96 — not alarmed, not relaxed. Gold off half a percent. DIA taking the hardest hit in the ETF space, down 1.15%. Small caps soft, IWM down 0.43%.

Asian markets — no data tonight. We're flying partial information into the open.

Nothing on the economic calendar. Earnings names crossing today: AMEN, BIOQ, UPXI with an EPS estimate of negative 12 cents, ESP at 97 cents, GFLT, and GWOX. Micro-cap territory. Watch spreads.

Now the stocks.

Intel up 4.03% to 101.05. Chips getting a bid and INTC is leading it. AMD up 1.65% to 512.50 — same current, different magnitude. Oracle up 2% to 143.16, quietly strong.

That's where the green stops.

Exxon down 3.54% to 163.32. Energy getting hit and XOM is the poster child. Bank of America down 2.72% to 57.90 — financials under pressure, and with DIA down 1.15%, the bank drag is showing up everywhere. Salesforce down 2% to 250.54. Netflix down 1.91% to 76.41. Microsoft down 1.37% to 490.30. JPMorgan down 1.01% to 348.92 — not a small move for the largest U.S. bank. Amazon down 0.99% to 245.96. Nvidia up 0.82% to 213.90.

Tech is split. Semis catching a bid. Software and mega-cap getting sold. That's not a unified sector story — that's rotation within tech.

Energy and financials are both bleeding into the open. Two of the heaviest Dow weights both in the red explains why DIA is the worst ETF on the board this morning. JPMorgan adds to that drag — when the biggest bank in the country pulls back over a percent, the financial sector doesn't shrug that off.

No macro catalyst scheduled. No Fed data. No jobs numbers. This session moves on positioning and flow — which means the open could shift fast on thin news.

Watch the QQQ-SPY divergence at the bell. One's flat. One's not.

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