# What to Watch Today (2026-09-25): Tech Divergence as Oversold Names Bounce
Tech stocks are showing a clear split heading into Friday's session, with momentum names pushing higher while overbought semiconductors face pullback pressure.
Bullish Setups to Watch
QQQ continues its impressive run, up 3.5% weekly and sitting at $741.10 with room to run toward $755. The tech-heavy ETF shows healthy momentum with RSI in the sweet spot, avoiding overbought territory that's plaguing individual chip names.
PEP at $128.15 offers a defensive bounce play after getting oversold with RSI at 25.4. Target $135 as the consumer staple giant attracts safety-seeking flows. ABNB presents another oversold opportunity at $151.39, down 9.6% weekly but primed for a technical bounce toward $160.
Bearish Setups on Watch
AMD faces significant pullback risk after hitting the $1 trillion market cap milestone at $629.26. RSI at 72.8 signals dangerous overbought conditions with downside target at $590.
INTC looks exhausted after its massive 293% run, now at $127.39 with RSI at 73 suggesting a near-term reversal toward $115. NFLX remains the laggard at $71.72, down 4.8% weekly with continued weakness toward $68.
Top Trade: QQQ Long
The highest conviction play remains QQQ long from $741.10 targeting $755. Unlike individual semiconductor names showing overbought conditions, the broader tech index maintains healthy momentum without excessive RSI readings. This provides the best risk-reward as tech leadership rotates from individual chip stocks to broader sector strength.
Key Events Today
No major economic data or Fed speakers scheduled for Friday's session, keeping focus on technical setups and sector rotation dynamics.