Signs Point to Shorting the Nasdaq 100
For this market to work higher it will have to rotate.
Technology was the leader on the way up with the semiconductors breaking out during the middle of January. Apple (AAPL) was another huge part of that move, but it got ahead of itself, gapping higher day after day up until it did the blow-off move last week. As I have written extensively, that sets up a range trade on Apple. Apple is currently 16.4% of the Nasdaq 100. That's a big chunk of change that wants to work sideways to lower pretty soon rather than tugging prices higher....445 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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