Several semiconductor stocks are showing negative divergences as is the exchange traded fund SMH.

Nortel Networks (NT) surged ahead at the end of last week and may still have further upward momentum.

Foundry Networks (FDRY) has a bearish pullback pattern.

A long-term weekly chart for Lehman Brothers (LEH) could be causing some disquiet for those who contributed to the $6 billion re-capitalization.

This is not a market where one can count on many of the patterns that are fairly reliable in less stressful market conditions. Intuit (INTU) has one of the few charts that is presenting a fairly attractive risk/reward opportunity on the long side.

Google (GOOG) has retreated towards the 200-day EMA where some buying interest is likely.

Friday's sell-off brought technical damage to many stocks including the relatively defensive consumer staple, Kellogg (K)

One of the positive surprises that helped to fuel the rally yesterday was across the board strength from retailers. WalMart surged ahead on three times the daily volume but now faces a potential hurdle at the $60 level.

The exchange traded fund that tracks the Canadian dollar, FXC, shows an avalanche of selling as the US dollar strengthens.

Digital River (DRIV), discussed here last week, reasserted the momentum that allowed it to gap up above its 200-day EMA and added another 4% yesterday.