Apple & Google Lead The Tech Wreck

This afternoon, Apple Inc (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOG) are leading the declines in the technology sector. These two tech giants are trading lower by more than 1.25 percent. In fact, GOOG stock is declining lower by 2.25 percent which is even worse. Apple Inc is the more important stock due to its massive stock market capitalization in the tech sector. Short term traders can watch for intra-day support around the $572.75 and $569.00 levels.

Some other leading technology stocks that are coming under selling pressure include F5 Networks Inc (NASDAQ:FFIV), Netflix Inc (NASDAQ:NFLX), and Inc (NYSE:CRM). All of the stocks mentioned are weighing on the PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) which is lower by 1.28 percent today.

About Nicholas Santiago 575 Articles


Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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