Technology (XLK) names surged, as it's clear ‘tire-kickers beget tire-kickers.’ Momentum and growth were bright spots yesterday, although other buyers focused on "quality" of the same “cap.” The pendulum swings quickly these days, so we take each narrative as a daily snapshot rather than assuming lasting change.

Growth took center stage ahead of Nvidia (NVDA) earnings after the bell.

NVIDIA’s Amazing Quarter

NVDA posted record results and beat the Street on all key metrics. The numbers are awe-inspiring.

Guidance was extremely impressive.

The stock popped after the release, rallying to $202 a share before giving it all back. I wonder about the forces so powerful to hold back this stock on this news and guidance.

Software Woes Worsen

While NVDA shareholders might be wondering what it will take to get the stock to take off again, Salesforce.com (CRM) shareholders are wondering what it will take to pull out of its nose-dive.

Strong earnings and a $50.0 billion buyback announcement were greeted with significant selling.

Today’s Session

Major indices are starting the day off mixed across the board.

On the economic front, Initial and Continuing Jobless Claims came in below estimates.