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While tech is getting clobbered $SPY @marketsurge #IBDPartner is hanging around support. We would like to see a hold/reversal at 760 to pull away from tech anchor if possible

$SMH weekly undercut of previous low and hit 50sma just under could be sweet reversal trade IF it gets there stretched/oversold

$QQQ @marketsurge #IBDPartner First order of business for bulls is to get out of this yellow box and over 50sma daily. (and if that occurs, 740 next hurdle) Stick area underside of 50sma

A bit of a no man's land here -- $QQQ held the 720 support zone but stalled on underside of 50sma daily. Mini channel in low /high today.

We had wanted a hold on $QQQ 740 this week and got it yesterday and that was mini line in sand. No bueno seeing it fall so easily next day. Next support in yellow

$NVDA with a very nice bounce in the 220 zone -- has been better for a while to trade $NVDA on support within channel than to try to get it on breakout.

$AMD @marketsurge #IBDPartner gap and go below 600 support/20sma without any hesitation. Be careful out there. Next support/gap fill 560

$AMD @marketsurge #IBDPartner watch that 600 spot for potential support reversal on 20sma and support . It's been tested a few times so be careful, but def worth keeping an eye on due to 20sma

$MU so clean on that 20sma trend weekly and a fabulous line in sand to trade against

Week is early but this is pretty textbook lift off from 20sma weekly support reversal $SPY Clear line in sand going forward.

$SPY weekly @marketsurge #IBDPartner managed to survive the test of 20sma. If you are a bear, this needs to break. If bull, need a push off. Clean line in sand.

Semis now deep under 20sma in yellow zone, next time at 500 and could v easily break to test 50sma below in weekly $SMH

$GS with the 200sma bounce we talked about in yesterday's report -- market is lethargic but time and time again we see great support reversals.

$AMZN @marketsurge #IBDpartner four day bounce on the 50sma failing today with next major support at 240

$SMH back to top of this summer range at 20sma weekly

So far so good $XBI still rising above 20sma against 160 support reversal. Trail those stops! (for ex half on 20sma, half on 160 break, etc)

$XBI still above 20sma with green day but needs to get some space and move up towards 165+. 160 is stop for active traders