AAPL

I've explained before how important AAPL is to the NASDAQ 100 because of their proprietary weighting, AAPL s the heaviest hitter. They use to be worth about 20% of the NASDAQ 100 or about the same as the bottom 50 stocks combined, so the move up today (while the weighting is now a bit less) is very important for the NASDAQ 100/QQQ.

 Here's this morning's action

It looks like AAPL is going to pullback a bit or consolidate according to this 1 min chart.

I don't want to say anything before we see how this market is going to play out, but I'm seeing some very unusual things that are quite bullish, I'll address them later as I don't want to jinx anything here.

By the way, XLK/Tech is also doing quite well today.