However tech is starting to lag. The same thing happened as the market was topping out in early `04.
Yesterday despite the market rallying strongly our premier stock in the leading sector dropped almost 1.5%. That's probably a warning sign in my opinion.
But let me show you what else happened. AAPL marginally broke the uptrend line from the March lows yesterday.
It's a bit hard to see in the expanded chart but here is a close up of the same chart.
I've gone over several of the warning signs that are starting to crop up lately and this is just one more.