Microsoft up 3.7% heading into Monday and the futures are green — let's get into it.

Microsoft up 3.7% heading into Monday and the futures are green — let's get into it.

Futures first. SPY up 0.54. QQQ up 0.46. Dow futures leading with DIA up 0.94. IWM barely breathing at plus 0.11 — small caps not convinced. VIX sitting at 16.27, not screaming. Gold down 3.2% — that's a hard flush.

Asian markets unavailable this morning. No economic data on the calendar today. Clean session for price action to do the work.

Now the tape.

Microsoft up 3.66%, $516. Biggest mover on the board. That's not noise. Intel down 3.45%, $123 — pressure. Meta down 3.33%, $751 — fading hard after recent strength. Costco up 2.93%, $922 — earnings hangover turned into a lift. Salesforce down 1.76%, $234 — quiet bleed. Oracle down 1.75%, $137 — same story, different ticker. Tesla down 1.54%, $372 — drift. Apple up 1.53%, $341 — steady. JPMorgan up 1.33%, $343. Bank of America up 1.2%, $56.70. Financials quietly having a morning while tech argues with itself.

Tech is split. Microsoft and Apple green. Everything else in software and semis taking heat. Financials are the sleeper story. That's the read.

Earnings today. KMX reports before the open — estimate is $0.72 EPS. CarMax moves on used car demand signals, so watch that number closely. CAG also before the open — $0.28 EPS estimate. Consumer staples, not a mover unless they miss badly. BTM reporting with an estimate of negative $0.45 — already expecting a loss. CNXC reports after the close — $2.76 EPS estimate, that's the one to watch into the afternoon. GFUZ and MUC on the calendar with no estimates available.

Gold down 3.2% is the macro headline nobody is talking about loudly enough. That kind of drop in a single session gets attention. Risk-on trade rotating, dollar likely bid. Watch how equities hold if that dollar strength accelerates.

Green futures, mixed tech, financials catching a bid, gold getting hit. Monday has a setup.

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