Are the Big Cap Nasdaq Names are Rolling Over?

With the exception of Netflix, Inc. (NFLX), which has become an arb, M&A name after its recent blow-out earnings report, the big horses of the NDX—Facebook, Inc. (FB), Amazon.com, Inc. (AMZN), Alphabet Inc. (GOOG), and Apple Inc. (AAPL) (not shown on chart)-- exhibit challenging-- perhaps precarious-- technical set-ups now, which does not bode well for the technology sector in the days and weeks directly ahead.

In particular, FB, AMZN, and GOOG appear poised for a press into the areas of their rising 200-Day EMAs, which implies forthcoming weakness of -2.5%, -8%, and -3.5% respectively.