# What to Watch Today (2026-08-12)
Tech stocks are splitting into clear winners and losers as overbought megacaps face pressure while cyber security names maintain momentum.
Bullish Setups to Watch
GOOGL ($343.80 → $360 target) leads the recovery candidates after falling 9% weekly into oversold territory. The search giant looks primed for a mean reversion bounce from technically attractive levels.
Cybersecurity momentum continues with CRWD ($221.90 → $235) and PANW ($383.80 → $395) both riding strong sector tailwinds. PANW's RSI at a healthy 70 suggests more room to run, while CRWD's 5% weekly gain shows sustainable strength.
Bearish Pressure Points
MSFT ($503.81 → $485 target) flashes major warning signals with RSI hitting a dangerous 78 after its 2.2% weekly rally. The cloud giant appears severely stretched and due for cooling off.
ABNB ($184.98 → $165) sits in the danger zone following its massive 23% rally that pushed RSI to an extreme 82. This vacation rental stock screams pullback.
AMD ($474.32 → $450) continues feeling pressure from Musk's Nvidia commitment, down 8% weekly with technical damage mounting.
Top Trade: Short MSFT
Microsoft represents today's highest conviction bearish setup. With RSI at 78 and the stock riding extended gains, MSFT has all the hallmarks of an overbought correction waiting to happen. Target the $485 level for a technical reset that could provide better entry points for bulls later.
Today's Calendar
No major earnings or Fed speakers scheduled. Focus remains on technical setups and sector rotation dynamics as traders digest yesterday's AI signals and position for the remainder of the week.