All Eyes on Prior Support

Some major market leaders like NFLX and TSLA are back down to prior important price levels, in terms of buyers showing up previously to defend the growth leaders against further significant breakdowns. 

Given the opening move lower this morning in the broad market, it is likely all the more important now for buyers to defend this names in order to prevent against last week's dip-buyers from scrambling to the exits in fear of another market rollover.

GOOGL earnings tonight will be another factor to consider in this regard. But as far as the cash session today I am looking to see if buyers can hold NFLX over $95, and if they can step in for Tesla Motors on the weekly chart defined support, seen below, above $190 or so. 

As for inter-market plays. natural gas and crude are surrendering a chunk of recent gains with huge gaps lower the morning, while precious metals and miners impressively outperform. 

TWTR is up nicely on a buyout rumor, but was likely due for a counter-trend rally regardless of whether or not the rumor proves true.