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Why This Correction In Shares Of Apple Is Different ($AAPL, $QQQ)

|Includes:Apple Inc. (AAPL), QQQ

After just a one-day bounce off its lows on November 1, the Nasdaq 100 Index ($NDX) plunged right back down to pivotal, long-term support of its 200-day moving average just one day later. Why is the Nasdaq displaying such relative weakness to the rest of the major indices? Blame it in no small part on the persistent bearishness and downright ugly chart pattern of Apple ($AAPL), a former market leader and heavily-weighted stock within the Nasdaq 100 Index.

AAPL stock has had numerous, short-lived pullbacks in recent years, but this time is different and the stock is technically in trouble... [continue reading at original source]

Stocks: AAPL, QQQ