These recently downgraded names are displaying both quantitative and technical deterioration.
Both stocks are up significantly so far this year, though whether those gains can hold is another matter.
Intel seems trapped in a range, and the ETFs continue to trade beneath important moving averages.
The real story of strength in the markets Thursday came as 11 US banks joined in depositing a torrent of cash in First Republic Bank.
The key right now is to be aware of your time frames and be ready for volatility as more news flow drives the action.
The charts of the footwear and apparel giant are not sending bullish signals in advance of its third-quarter results next week.
Plus, the Fed's next move on interest rates has become a literal coin toss.
Money is moving out of financial stocks into tech, but bears continue to warn that tech stocks will be hit by valuation adjustments as the economy slows.
In the case of OPEC, cutting back on oil supplies doesn't do much for boosting prices when demand isn't there.
While bank seizures are never a good thing, a sizable number of tech-based start-ups desperately need a reality check.