$Starbucks(SBUX.US) VCP is well-organized, a similar chart is $UPS(UPS.US). Stocks in the defensive sector might have a volume breakout on some day this week, it's a take-it-or-leave-it situation. For those with large tech positions, rather than reducing them now, it's better to just hold on. The turning point for tech and defensive sectors might have to wait until the end of the month when a few tech giants release their interim reports and hint that capex hasn't slowed down.