Wednesday, January 11, 2012

GOOG, AMZN, IBM, ORCL divergence vs NDX

It is very hard to get bullish tech, when the most important tech companies are diverging from NDX. Whatever the reasons - earnings miss, lower margins, or weak demand - these four tech leaders are a drag at the moment. I would watch for this divergence (if it does not stop soon) to finally result in broader tech sell-off.

click on chart to enlarge

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