Another Monster Tech Stock Hits the End of the Road, While Our Boring Industrial Pick Breaks Out

Group 1 - Alphabet (GOOG) and Cisco Systems (CSCO) are facing scrutiny due to disappointing guidance and margin pressures, indicating potential challenges in the tech sector [1] - Cisco Systems has breached its 50-day moving average and is now testing its 100-day moving average, which has historically supported the stock since last October [2] - Investors are advised to monitor the stock's daily and weekly closing prices around these key moving averages to assess buying opportunities in Big Tech [3] Group 2 - The market strength is currently observed in sectors such as staples, materials, and energy, with over 90% of components in these S&P sectors trading above their respective 50-day moving averages [3] - Watts Water (WTS) has shown significant performance, rising over 7% following its quarterly report, suggesting it may be establishing a new higher trading base [4]