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	<title>Vendy&#039;s Journal of Life &#187; FCX</title>
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		<title>Stock Market Weakness. Technology &amp; Materials lead the down</title>
		<link>http://vendyxiao.com/stock-market-weakness-technology-materials-lead-the-down/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=stock-market-weakness-technology-materials-lead-the-down</link>
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		<pubDate>Sun, 07 Feb 2010 14:28:02 +0000</pubDate>
		<dc:creator>vahn</dc:creator>
				<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Trading]]></category>
		<category><![CDATA[AAPL]]></category>
		<category><![CDATA[AMZN]]></category>
		<category><![CDATA[FCX]]></category>
		<category><![CDATA[GOOG]]></category>
		<category><![CDATA[NEM]]></category>
		<category><![CDATA[RIMM]]></category>
		<category><![CDATA[RTP]]></category>

		<guid isPermaLink="false">http://vendyxiao.com/?p=725</guid>
		<description><![CDATA[Index seems to hold enough from wave of selling this Friday. But the chart seems to form a pattern that has the great potential to bearsih although still possible for a rebound. S &#38; P 500 has to pass through support in 1030 if the Bears want to win the battle From sector what I [...]<p><a href="http://vendyxiao.com/stock-market-weakness-technology-materials-lead-the-down/">Stock Market Weakness. Technology &#038; Materials lead the down</a> is a post from: <a href="http://vendyxiao.com">Vendy&#039;s Journal of Life</a></p>
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<p>Index seems to hold enough from wave of selling this Friday. But the chart seems to form a pattern that has the great potential to bearsih although still possible for a rebound.</p>
<p><a href="http://vendyxiao.com/wp-content/uploads/2010/02/Picture-4.jpg"><img class="alignnone size-full wp-image-729" title="Picture 4" src="http://vendyxiao.com/wp-content/uploads/2010/02/Picture-4.jpg" alt="Picture 4 Stock Market Weakness. Technology & Materials lead the down" width="553" height="400" /></a></p>
<p>S &amp; P 500 has to pass through support in 1030 if the Bears want to win the battle<span id="more-725"></span><br />
From sector what I noticed, seem Technology and Materials (Mining) led the market to free fall for several days.</p>
<p><a href="http://vendyxiao.com/wp-content/uploads/2010/02/Picture-7.png"><img class="alignnone size-full wp-image-726" title="Picture 7" src="http://vendyxiao.com/wp-content/uploads/2010/02/Picture-7.png" alt="Picture 7 Stock Market Weakness. Technology & Materials lead the down" width="563" height="377" /></a></p>
<p>Note the light green line (Technology) and blue (Materials)</p>
<p>Let&#8217;s see 4 Horsemen of Technology Stocks</p>
<p><a href="http://vendyxiao.com/wp-content/uploads/2010/02/Picture-2.png"><img class="alignnone size-full wp-image-727" title="Picture 2" src="http://vendyxiao.com/wp-content/uploads/2010/02/Picture-2.png" alt="Picture 2 Stock Market Weakness. Technology & Materials lead the down" width="453" height="373" /></a></p>
<p>GOOG &#8211; insist to break down the support line</p>
<p><a href="http://vendyxiao.com/wp-content/uploads/2010/02/Picture-5.png"><img class="alignnone size-full wp-image-730" title="Picture 5" src="http://vendyxiao.com/wp-content/uploads/2010/02/Picture-5.png" alt="Picture 5 Stock Market Weakness. Technology & Materials lead the down" width="442" height="371" /></a></p>
<p>AAPL &#8211; Still not Bearsih, Still on trading range. Thoughest one from 4 horsemen</p>
<p><a href="http://vendyxiao.com/wp-content/uploads/2010/02/Picture-8.png"><img class="alignnone size-full wp-image-732" title="Picture 8" src="http://vendyxiao.com/wp-content/uploads/2010/02/Picture-8.png" alt="Picture 8 Stock Market Weakness. Technology & Materials lead the down" width="451" height="394" /></a></p>
<p>RIMM &#8211; Bad one</p>
<p><a href="http://vendyxiao.com/wp-content/uploads/2010/02/Picture-6.png"><img class="alignnone size-full wp-image-731" title="Picture 6" src="http://vendyxiao.com/wp-content/uploads/2010/02/Picture-6.png" alt="Picture 6 Stock Market Weakness. Technology & Materials lead the down" width="452" height="373" /></a></p>
<p>AMZN &#8211; The support around 110 is the key</p>
<p>What about Materials?<br />
<a href="http://vendyxiao.com/wp-content/uploads/2010/02/Picture-31.png"><img class="alignnone size-full wp-image-728" title="Picture 3" src="http://vendyxiao.com/wp-content/uploads/2010/02/Picture-31.png" alt="Picture 31 Stock Market Weakness. Technology & Materials lead the down" width="447" height="373" /></a></p>
<p>FCX &#8211; Can another support hold?</p>
<p><a href="http://vendyxiao.com/wp-content/uploads/2010/02/Picture-9.png"><img class="alignnone size-full wp-image-733" title="Picture 9" src="http://vendyxiao.com/wp-content/uploads/2010/02/Picture-9.png" alt="Picture 9 Stock Market Weakness. Technology & Materials lead the down" width="445" height="372" /></a></p>
<p>RTP &#8211; Head and Shoulder Pattern?</p>
<p><a href="http://vendyxiao.com/wp-content/uploads/2010/02/Picture-12.png"><img class="alignnone size-full wp-image-736" title="Picture 12" src="http://vendyxiao.com/wp-content/uploads/2010/02/Picture-12.png" alt="Picture 12 Stock Market Weakness. Technology & Materials lead the down" width="447" height="375" /></a></p>
<p>X &#8211; Bear Bear Bear</p>
<p><a href="http://vendyxiao.com/wp-content/uploads/2010/02/Picture-10.png"><img class="alignnone size-full wp-image-734" title="Picture 10" src="http://vendyxiao.com/wp-content/uploads/2010/02/Picture-10.png" alt="Picture 10 Stock Market Weakness. Technology & Materials lead the down" width="451" height="372" /></a></p>
<p>NEM &#8211; Another H&amp;S?</p>
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