We cannot tell you how important it is to watch the moving averages for the NASDAQ/NDX and the names that have led in that space. Most all in pullback mode towards moving averages. Will be vital to hold. A break below would not help. The good news, again, money flows have found lower beta areas…but to be clear, not sure that lasts. Also on the good news front, Dow/S&P just sitting nicely not being affected by recent drop in tech/interent/semis.
Futures up a wee bit. Nothing standing out as not much in the way of earnings.
Next week: LEN, ADBE, FDX, KBH, RHT, ORCL, ACN, BBBY, BBRY.