Nasdaq extends decline to 5.3%

There are some ugly charts in the Nasdaq, including Amazon right now, which is down more than 7% and below the post-earnings. It's now into an area of minimal technical support.

The generalissimo of the rally in the past few years though is Tesla. It is one that bears close watching as it reverses yesterday's gains and more. There's some support extending down to $825. If that gets taken out it will be a big hit to market sentiment Market Sentiment Market sentiment is a psychological attitude that captures the mood and attitude of investors, usually towards a specific security or asset. This sentiment can be segregated into a bullish or bearish mood in the market. As such, certain trading activity or price behavior will also impact market sentiment.For example, bullish sentiment indicates a growth in the price of securities, whereas a bearish sentiment sees falling prices. Many traders use broader market sentiment or sentiment data to hel Market sentiment is a psychological attitude that captures the mood and attitude of investors, usually towards a specific security or asset. This sentiment can be segregated into a bullish or bearish mood in the market. As such, certain trading activity or price behavior will also impact market sentiment.For example, bullish sentiment indicates a growth in the price of securities, whereas a bearish sentiment sees falling prices. Many traders use broader market sentiment or sentiment data to hel Read this Term.

Some other big names:

• NVDA -8.3%
• NFLX -7.5%
• FB -7.1%
• GOOG -5.5%
• AAPL -5.0%

That's some serious pain.