Sunday session and the tape is splitting — semis green, software red, and Netflix getting absolutely worked.

Sunday session and the tape is splitting — semis green, software red, and Netflix getting absolutely worked.

Netflix down four point six seven percent, price seventy-one seventy-nine. That's the steepest drop on the board today and it's not close. META down two point four three percent, six sixty-five seventy-five — ad spend nerves or rotation, either way sellers showed up. Salesforce off two point zero three percent, two thirty-seven ninety-two. Oracle down one point nine eight percent, one forty-seven sixty-one. Software as a sector took a hit across the board today. Three names, same direction.

Now flip to semis. Broadcom up two point nine seven percent, three fifty-seven sixty-one — the strongest mover today, full stop. AMD up two point seven percent, five fifty-nine eighty-two. Nvidia up one point three four percent, two twenty-two twenty-seven. Chips caught a bid while everything else leaked.

Amazon up one percent, two fifty-three seventy-one. Quiet, but green.

Microsoft down zero point eight percent. Not dramatic, but it aligns with the broader software pressure. Google up zero point six four percent — small move, right direction, held its ground while peers slipped. Tesla down zero point five three percent. Orderly, nothing alarming.

ETFs tell the cleaner story. QQQ up zero point six three percent — semis carrying the index. SPY down zero point one two percent, IWM down zero point four seven, DIA down zero point four eight. Large cap growth is the only pocket working today.

VIX sitting at fourteen point eighty-one. No panic. Gold up zero point five seven percent — quiet hedge, not a flight. Asian markets unavailable overnight. Nothing on the economic calendar. Earnings on deck include AIR with a consensus estimate of one thirty-three, EBF at thirty-nine cents, and BNTC after the close estimated at negative twenty-seven cents.

The read today: semis versus everything else, and semis won.

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