High beta tech stocks remain under pressure despite AAPL holding up well in the pre-market.
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Most high beta tech stocks opened above recent highs and became sell signals once those areas were breached.
FORBES: From Apple To Rare Earths, Bull Market Feeling Gravity's Pull
If the market is healthy under the hood, the leading high-beta tech stocks will usually hold up well.
FORBES: Ominous Bear Flag Pattern Suggests S&P 500 At 1,000
High beta tech yesterday provided some cash flow opportunities as they gave a small brush back pitch for the Bears.
FORBES: Can G7 Call Provide Hope for Market?
One clue we look to first is high-beta tech.
High-beta tech continues to be a two-way street.
FORBES: Apple Stabilizes Above $420, Google Still Selling Off
High beta tech lost some momentum last week.
FORBES: Chinese Stimulus Outweighs Downbeat Numbers And Stocks Rise
High beta tech is still acting well.
FORBES: Stocks Slip With Market Due For A Breather
This continues to create a belief that tech is high beta, risky and a highly valued sector.
FORBES: Shift Past Apple And America: Press Escape On Old Tech Investing Strategies
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