Cusick’s Corner 10-09-2012 Midday
The overnight and early morning action set the negative tone and Tech continues to lead the way to the downside. Tech bellwether Apple (NASDAQ:AAPL) continues to struggle, down again today and in total -10% from the all-time highs of $702 which does not bode well for further upticks. As I mentioned yesterday, the Semis, SMH, continue to struggle with Intel (NASDAQ:INTC) and TSM, TXM, ASML, BRCM — 45% of this ETF are all down ~2%. For those who trade solar stocks, keep … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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