Uncertain_Outcome

AAPL - potential false BO? It could have ramifications.

NASDAQ:AAPL   Apple
Given that AAPL makes up over 12% of the QQQ, and that some other top QQQ tech stocks such as NVDA are extended, then if AAPL will have a false breakout, then it could potentially send the market down. AAPL needs to hold this breakout, MSFT and few other QQQ top holdings need to continue to act healthy, otherwise there won't be much left to support the equity market. Maybe some stupid and evil bureaucrat will step in and claim that they have the economy and inflation under "control" and the market participants might believe it. Let's wait and see, and be ready for anything.
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