Alright gang, this is where we buckle our chinstraps and earn our keep. Let's look at the chart of the heavily tested Intel (INTC) - Get Report  -- a stock that has been in the news a lot lately, associated with scary words like "Meltdown" and "Spectre". Money Flow looks positive. That's the only nice-looking item on this chart. Throw it out.

Moving average convergence divergence MACD? Just experienced a bearish crossover. On top of that, the nine-day exponential moving average (EMA) now sports a minus sign. Relative strength is rapidly deteriorating.

See the Pitchfork? Was working well. Looks broken now. 50-day simple moving average (SMA)? Broken too. News events will do that to you. You know what looks like it's not broken? Those blue Fibonacci levels that I threw up there.

See that intra-day rebound that Intel experienced on Thursday? Right at (or close enough to) a 38.2% retracement of the move from the August low through the December high. Conclusion here? $42.50 could be the gateway that allows for considerably lower prices should these stories persist, and the level crack.

Intel is expected to report fourth-quarter earnings after the closing bell on Thursday, Jan. 25. Wall Street consensus is looking for about $0.86 on roughly $16.3 billion. The firm earned EPS of $1.01 for the third quarter, on expectations of just $0.80. That was on revenue of $16.1 billion. The actual data here will likely matter less than how the firm presents itself and what they project for 2018. The already mentioned issues will be front and center.

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(This is an excerpt from Stephen "Sarge" Guilfoyle's Morning Recon, which now appears exclusively on Real Money, our premium site for active traders. Click here for a free 14-day trial and receive Morning Recon every day, along with exclusive columns from Jim Cramer, James "RevShark" DePorre, technical analyst Bruce Kamich and more.)

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At the time of publication, Stephen Guilfoyle was long INTC, although positions may change at any time.