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Tech to lead, Financials to lag?

|Includes:AAPL, GOOG, JPMorgan Chase & Co. (JPM), MSFT, XLF, XLK

Tech stocks led the market today, while financials took a hit after a lackluster earnings report from JP Morgan (NYSE:JPM). The Financial Sector ETF (NYSEARCA:XLF) fell about 2.3% today, while the tech SPDR (NYSEARCA:XLK) rose about 1.1%.

This trend could continue tomorrow as Google (NASDAQ:GOOG) reported a great quarter after the bell, sending shares up about $35 or 6.5%. This could be the first in a long line of good tech reports, and we'll hear from Apple (NASDAQ:AAPL) next Tuesday and from Microsoft (NASDAQ:MSFT) on Thursday. Most of the other major financials will report next week as well, and if the reports aren't great, look for this financial/tech divergence to continue.

Disclosure: I am look Google through earnings into Friday. Will most likely sell out of my position then.