So far the nasdaq 100 has been showing relative weakness versus the Nasdaq as a whole and AAPL in particular has been showing relative weakness versus the 100. This could be a sign of vulnerable market and certainly puts the bounce so far on shaky ground. Based on the window dressing and still unfilled gap at 350 on this chart I would think we get more testing and a continue to attempt a fill of the lower gap on Monday followed by selling into the close of the day and month if upside momentum does not get some volume behind it.
Wednesday: Durable Goods, Architecture Billings Index
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[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
Wednesday:
• At 7:00 AM ET, The Mortgage Banker...
2 hours ago