Tech Under Pressure — Will the Bulls Answer?
by Tony Rago
New week, new opportunities! Last week was a big one for the bears, and tech took a serious hit. Overnight inventory is long, so the big question coming into the open is whether the bulls will show up and start repairing some of last week’s damage — or if sellers still have more work to do. Tech earnings kick off this week with NFLX tomorrow and TSLA on Wednesday, adding another layer to an already important stretch. Plenty of stocks are looking cheaper after the selloff, but will buyers step in and gain traction, or is something bigger at play — namely, the AI bubble finally coming under pressure?
This could be a pivotal week. We’re entering the final two weeks before the midterms, volatility is back, and the VIX is no longer sitting quietly on the floor. I’ll be watching to see if we get a VIX 20 print today and, more importantly, how price responds as traders navigate the uncertainty. Don’t assume a dip is automatically a buying opportunity, and don’t assume last week’s weakness guarantees more downside. Let the market show us where conviction is building, stay disciplined around your levels, and be ready to adapt. Let’s kick off this week right! 💪
👉 Full breakdown is inside today’s Pre-Market Playbook.
Check it out here and trade it smart.
Until next time,
Tony
