Blog Post: Day 40 of $QQQ short term up-trend; 73 US new highs and 3 lows; Magnificent 7 all decline, see table; $AAPL has double top at green line peak? See weekly chart.


These big name tech stocks fell. However, many stocks were extended and by my definition, the number of NASDAQ 100 stocks that were extended fell from 42 on 12/29  to 5 on Tuesday. The range last week was 42-54% extended stocks.

AAPL is looking quite weak. This weekly chart shows a possible double top. Note AAPL found resistance at its green line ATH.


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