Possible local rally BUT watch AAPL and MSFT!
Watch out for AAPL and MSFT. They have the highest weightings BY FAR in the S&P 500, 6.2% and 5.9% respectively, and seem the most susceptible to downturn, as opposed to Amazon which has the 3rd highest weighting at a meager 3.9%.
We could see a local rally but if these don't come roaring higher, it'll be another "sell the rip".
We could see a local rally but if these don't come roaring higher, it'll be another "sell the rip".
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AAPL idea:
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Neither rallied, we got a rejection instead of a confirmation. Now 2300 after hours and will hunt for another downward rally.