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The S&P 500 broke a significant support level of 2,742 on Monday. That's a "double-Fibonacci" level (or what I call a "super level"). Fortunately, the index did find some help close to a 31.8% retracement of the entire move from the S&P 500's correctional winter lows through its early March high.

You can see that on this chart:

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And while the names below all took a beating on Monday, do their charts look broken to you? Not to me.

Apple (AAPL) - Get Apple Inc. (AAPL) Report :

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Intel (INTC) - Get Intel Corporation (INTC) Report :

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Nvidia (NVDA) - Get NVIDIA Corporation Report :

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I won't bore you, but we could add charts for Adobe Systems (ADBE) - Get Adobe Inc. Report , Micron Technology (MU) - Get Micron Technology, Inc. (MU) Report , Netflix (NFLX) - Get Netflix, Inc. (NFLX) Report , Salesforce.com (CRM) - Get salesforce.com, inc. Report  etc., etc.

A lot of these stocks might have had a rough day (or several rough days), but they either held at technical support or remain on trend.

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At the time of publication, Guilfoyle was long AAPL, ADBE, CRM, INTC, MU and NVDA, although positions may change at any time.