Saturday session, no calendar, no earnings — and tech just handed you a clean split between chips and software heading into Monday.

Saturday session, no calendar, no earnings — and tech just handed you a clean split between chips and software heading into Monday.

Asian markets data unavailable for today's session.

VIX sitting at 14.81. Calm. QQQ futures up 0.63 while SPY slips 0.12 — that gap is the story. Small caps and Dow both red. This is a chip rally carrying a software bleed.

Netflix down 4.67%. Seventy-one eighty-nine. No catalyst in the feed — that move is purely technical, and it's ugly. Meta down 2.43%, 665.75 — social names sold off hard. CRM dropped 2.03% to 237.92. Oracle down 1.98% to 147.61. Microsoft off 0.8% to 493.78. That's four software names in the red simultaneously — the sector rotation is not subtle. MSFT sliding while chips rip makes the divergence even cleaner.

Now the other side. Broadcom up 2.97% to 357.61 — semiconductor demand, straightforward. AMD up 2.7% to 559.82. Nvidia up 1.34% to 222.27. Three chip names green while the software stack gets sold. GOOGL added 0.64% to 349.54 — one of the few large-cap tech names holding both feet on the right side of this split. Amazon up 1% to 253.71, quiet but green.

TSLA slipped 0.53% to 364.27. BAC down 0.77% to 57.73 — financials not finding a bid with rates in focus.

ETF picture confirms all of it. QQQ plus 0.63, SPY minus 0.12, IWM minus 0.47, DIA minus 0.48. The gains are concentrated. Everything outside mega-cap chips is treading water or lower.

No earnings on deck. No economic data scheduled. Monday opens with this rotation already baked in.

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