NDX Levels (Apple Disappoints in After Hours Trading)

At the time of posting this entry (3:30pm PAC Tuesday) NDX futures were down 22.50 on the disappointing Apple guidence. We'll see how we open tomorrow.

I also thought it was important to take a look at the 4 major NDX sectors to see if there are any signs of bottoming on the individual sectors.

Semiconductor Index Weekly Chart:
Of note from my review is that the Semiconductor Index set a 4 year low today (bearish).


Software Index Weekly:
The Software Index broke it's 15 month old uptrend today (bearish).


The Biotech Index Weekly Chart:
The Biotech Index broke a 3 1/2 year uptrend trendline and continues to form a bearish wedge on the weekly charts. (bearish)


Internet Index Weekly Chart:
The Internet Index is testing a 2 year uptrend line. (neutral)


NDX Weekly Chart:
Still a good chunk of room to move down to the channel support (green circle)