I'm John Ford. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.

Good Monday morning. Welcome to Tech Check. I'm Carl Kintania with John Ford and Dear DeBosa.

Today, the NASDAQ is outperforming for a change. Is it a bottom or just another head fake?

We're going to talk about that. Is it time to be aggressive or passive?

Why one guest is a buyer today and another

says, wait it out. Later on, billionaire Orlando Bravo will sound off on crypto. Pretty interesting

setup this week, Dee. It was. And we're going to kick things off with a look at tech stocks as the

NASDAQ. Yes, it's outperforming today, but it continues to hover just a few hundred

points off of those June lows. The key number there is 10-5665. While some things will head

lower with big tech names like Amazon and Google now almost 40% off their highs. Other people are

calling for a bottom here. Senior Markets commentator Mike Santoli joins us with more. Mike, NASDAQ, starting, kind of coming off. It was up as much as 1%, now about 8 tenths of a percent. What's going on today? Yeah, do you have a near approach to those June lows, very widely watched? Sometimes the first time it tries to get down there, it bounces almost by reflex. We're seeing a little bit of the benefit of that.

Still very much remains to be seen. I like a three-year look at the NASDAQ 100, just to put all this in perspective. So the June lows are right here. I like also to check out this October 30th

of 2020 level, which is right about where we are, or really just below where we are right now.

It's actually just a little bit above 11,000. It also, some coincides, I'm just going to draw that

line with a 200-week average, a very slow-moving, longer-term uptrend line, 1,000-day

moving average, which is also right around 11,000. So in theory, we have the entire uptrent from even before the COVID crash that now perhaps

is nearby.

Could be support, could be a little bit of a moment of truth.

Now, the key when you have some kind of a retest of the major indexes is to see what's worked

better and what's worked worse since that date. So here since June 16th, you see some of the major indexes is to see what's worked better and what's worked worse since that date.

So here since June 16th, you see some of the subcomponents of the overall tech tape,

how they've performed. And in general, you actually have the S&P 500 down about two and a half

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