Apple is not THE MARKET

The strength in AAPL is impressive for sure, but one stock cannot carry the market. Yesterday I warned that there were mixed signals in the market and that the proper course of action was to take it easy until the picture became clearer. For the Qs that means trading back above the neckline near 49.70. If the 49.00 level fails to hold as support this morning we could be in for further weakness.