CRM is the loudest name in the room this morning, and the rest of tech is bleeding around it.

CRM is the loudest name in the room this morning, and the rest of tech is bleeding around it.

Futures are calm. SPY plus zero point one eight. QQQ plus zero point three one. VIX sitting at sixteen. No fear, no conviction. Gold barely moved. Small caps leading with IWM up zero point four one. Dow flat.

Nothing on the economic calendar. Clean tape. Let the movers speak.

CRM up three point one percent to two thirty six sixty nine. Earnings reaction, full stop. That's your tech bright spot this morning.

Netflix down two point four nine percent to sixty seven eighty five. Momentum names are getting hit and streaming isn't immune.

Broadcom down two point one five percent to three forty three sixty four. Semis under pressure — no catalyst needed when sentiment turns.

Google down one point seven percent to three thirty eight twenty four. Ad market nervousness still hanging over this name.

BAC down one point two nine percent to fifty three seventy three. Financials softening ahead of the open, though JPM is holding.

Nvidia up one point zero nine percent to two thirty eighty six. Green in semis while Broadcom fades — divergence worth watching.

AAPL down zero point eight one percent to three thirty point three two. Quiet fade. No news. Just selling.

JPM up zero point seven one percent to three thirty three eighteen. Big bank, small gain, but it's green while BAC slips.

AMD up zero point six five percent to six fifteen seventy three. Semis aren't uniformly red — AMD is holding alongside Nvidia while Broadcom takes the hit. The selective pressure in chips matters.

XOM up zero point six six percent to one sixty three eighty two. Energy quietly green. Not loud, but it's there.

Tech is split. Hardware bleeding, enterprise software catching a bid off CRM. Financials mixed. Energy sneaking into the green. That's your rotation story heading into the open.

Earnings this morning: AGSS, ALP, BABB, CBIH, COOT, CYCA. None are moving the broad market.

Asian markets unavailable overnight. Flying blind on the global overnight read.

No macro catalysts scheduled. Price action is the only data you're getting today.

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