Remember Me: Benny Blanco from the Backtest?

After PCLN's negative earnings reaction this morning, bulls are looking for TSLA (and WFM and FIT) to salvage the current sell-off with earnings of their own after the bell, tonight. 

Many leadership names continue to sport less-than-stellar charts, aside from the two monsters here: AMZN and FB. 

True, a name like BSX in the medical device space is resilient, as is ISRG.

But the selling in biotechs may very well spread to healthcare at-large soon, if bulls cannot save the day in IBB XBI. 

Regarding other leaders, Under Armour has to be frustrating the Steph Curry/Jordan Spieth bulls, in that it just staged a textbook backtest failure of its weekly support trendline, illustrated below.

It does not get any more basic than this--A glamorous multi-year winner now showing its age. 

Even if Spieth wins a few majors and Curry wins another NBA Championship this year, I suspect the market has priced in a good amount of that good news in its run-up since 2009. 

UA remains a short idea into bounces.