Tech is bleeding into Tuesday and the QQQ is already telling you the story before the bell.
Tech is bleeding into Tuesday and the QQQ is already telling you the story before the bell. Futures first. SPY down 0.74. QQQ down 1.07. Tech is leading this decline and the ETFs confirm it — IWM off 0.69, DIA off 0.67. Broad-based pressure. VIX sitting at 15.85, not panicking but not calm either.…
Transcript
Tech is bleeding into Tuesday and the QQQ is already telling you the story before the bell.
Futures first. SPY down 0.74. QQQ down 1.07. Tech is leading this decline and the ETFs confirm it — IWM off 0.69, DIA off 0.67. Broad-based pressure. VIX sitting at 15.85, not panicking but not calm either. Gold up 0.38, quiet bid for safety. Asian markets unavailable overnight. Nothing on the economic calendar today.
Now the stocks.
Intel down 5.67% to 116.03. Worst on the board. Sentiment.
META down 4.79% to 715.62. Momentum reversal, ugly.
TSLA down 3.94% to 357.45. Risk-off.
AMD down 3.61% to 607.87. Chips in freefall.
ORCL down 3.28% to 132.60. Dragged down sector-wide.
CRM down 2.88% to 227.27. Enterprise software, no shelter.
NFLX down 2.69% to 69.23. Consumer discretionary taking heat.
BAC down 2.17% to 55.47. Financials not immune today.
Every single name on this list is red. Eight for eight. That is not a coincidence — that is a tape with a direction.
Now here is the one name bucking it: Nvidia up 1.68% to 228.86. Everything else in semis is getting crushed and Nvidia is green. That kind of divergence is worth watching. It does not save the sector, but it tells you something about where conviction is still alive.
Earnings on deck. After the close tonight: BSET, EPS estimate 0.13. BTLN, estimate zero. On the earnings calendar but no scheduled macro catalyst to offset whatever price action we get intraday. Before the open tomorrow: CALM, estimate negative 0.72 — yes, negative. FDS estimates 4.38. HPF and HPI have no published estimates available.
The setup: tech is the lead weight today. Semi names, mega-cap growth, enterprise software — all printing losses before a single trade clears. The QQQ down over a percent in pre-market with VIX under 16 means this is not a volatility spike, it is a grind lower. Those are sometimes harder to trade than the spike days.
No macro data today to shift the narrative. Price is the only catalyst.
Numbers don't lie. People do. Trade accordingly.