Chartweek: Q's

Have waited to post this chart for some time as the Nasdaq 100 was significantly reweighted regarding Apple in the past month.  The market has shifted in the past few weeks to a more defensive tone.  This can be seen in some of the largest players in this index.  Apple for example is down almost 10% from its high and Google is down high double digits. 

Nasdaq 100 has a high percentage number of technoloyg stocks.  As markets shift to what seems to be a "risk off" cycle, as Europe's debt issues again come to the fore and global growth again being questioned {technology is a big beneficiary of growth cycles} then advancing for this index could be problematic this summer.  We should also remember that seasonally summer is the soft season for technology.