Moving forward we have decided to start using a consistent post title structure as you can see above. This keeps things uniform, simple, and long term will help newer readers remember the site name, STTG = StockTradingToGo! Enjoy.
A low volume sell off today leaves the NASDAQ looking ok but the financials and the S&P 500 on the verge of technical failure as we closed barely above 1400.
Beyond Apple (AAPL), there is not much strength from leaders to be found. Looking at the global scale, both Europe and China are showing ever greater weakness. A while back I shared a chart of Spain's crumbling stock market, and today I have a chart comparing the NASDAQ vs Emerging Markets (EEM) vs China ($SSEC) vs Europe ETF (VGK). It is clear to see the NASDAQ completely outperforming the rest of the world. It is amazing what expectations of stimulus and Apple can do for a market.
That's all for tonight. Mark will wrap up the week with tomorrow's Market Recap so we will see you then and I bid you a fantastic weekend!