Bears on the Wrong Side Again
As I mentioned in my opening post, Apple (AAPL) has not been a leader for a while and the broader market is completely ignoring it this morning. Although Nasdaq is down, the other indices and the small-caps are doing well, while breadth is very healthy at better than 2:1 positive. Other than a little weakness in precious metals and chips, all major sectors are in the green.
It looks like the bears being over-anticipatory and they are on the wrong side of the action again. The hope was that AAPL would drag down everything else, but we seem to have the direct opposite occurring, with money flowing out AAPL and into a slew of other names....67 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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