AAPL

AAPL is an important stock to watch just because of it's weight on the NASDAQ 100, it alone can move the NASDAQ red or green for the day. I've been watching today's chart unfold with some interest, but also some trepidation.

AAPL gave up the opening gap pretty quickly, it went on to form a triangle (which has me a bit cautious being so obvious), and has since broken down on some volume. There are a high number of false moves centered around common technical price patterns and a triangle is as common as you get. AAPL is close to testing the last low put in, WATCH FOR VOLUME if it breaks it. This could have some serious consequences on the NASDAQ 100 into the close.