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.

GMI5/6
GMI-24/9
T210875%

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.