Apple's quarterly results could be a pivot point for the market.
It's possible Apple could experience some weakness based on its technical signals, but it only may be back down to the long-term uptrend.
All three companies reported seeing user growth pressures in North America for popular services.
The technical signals for the maker of electronic components indicate the recent rally in its shares could be short-lived.
This stock moves fast, so acting on target prices and panic points is essential.
My target price and panic points have changed, and I am watching for a chance to add or shave some off, depending on which direction the stock takes.
With all the selling, the market is afraid of even the good buys, like Amazon and Northrop Grumman.
iPhone volumes and pricing trends, services growth and potential margin upside are among the things to watch as Apple reports.
IBM is very oversold based on its charts, but that is not a reason in itself to go long; indeed, shorts should consider covering their positions.
This month has been lousy, but there are factors that could still produce a year-end rally.