We had 50-day moving averages breached all over the place today — the Nasdaq, S&P 500 and the Semiconductor Index (SOX). The SOX took the brunt of the selling with an almost 3% slide. It appears to be headed for a test of the support just above the 500 level.

Buyers did step up late in the session and were able to push the S&P back to its 50 DMA. The Nasdaq bounce wasn’t nearly as impressive. But the late buying was enough to create a lot of buyable patterns in a good number of stocks. We’ll see if the market cooperates. Here are some of the stocks I’ll be watching tomorrow — ARA, CHRW, CIB, CMI, CTSH, FAST, FFIV, GGB, GILD, GYMB, MW, NTAP, NTES, SIRF, TELK, TRN

Below are the charts of the Nasdaq, S&P 500 and the SOX: