Apple Saves NQ for Now, But No Help for RTY

The big green bar at 4:30 PM EST is Apple, as is most of the follow through. There was no spillover for the Russell 2000 though.

I posted this Apple WAG earlier today on Slope and I still stand by it, the only change is the bounce has gone up near the higher horizontal resistance.

Here's a bunch of charts off a couple of my main lists. Nothing new I don't think. The takeaway from some of these is that the weak remain weak. Until a bottom is hit, some of the best shorts my be the already great shorts. They will be dumped until capitulation sets in. Although most traders, myself included, will prefer to stick with support breaks and resistance fails. For example, CMG might be breaking down in the market sinks again and it will have about 40 percent to go before the next horizontal. Domino's is open for a possible free fall. I think we have a window opening for a major panic sell-off. Not a prediction, but a possibility I want exposure to. If that happens, a stock like TXG might hit its target. Sea (SE) is one that looks like it is ready to go straight down. In conclusion, we are either on the cusp of the real face ripper rally of 6 to 8 percent, or the market is about to step into the elevator shaft. The third option is sideways trading, in which case targeting losers will be very fruitful, while stocks like Apple hold the indexes up as it did in November and December. Charts after the jump. To reiterate, these aren't new and I didn't even pick all the best, more a smattering of representative chart patterns.