The NASDAQ cratered on uninspiring guidance from AAPL and LRCX on the heels of a mediocre earnings report from INTC. This was the biggest one day loss since November 27th and confirms my initial fears regarding last week's breakout - the dreaded bull trap. All tech sectors participated in today's sell off, paced by semis and hardware.IBM is trading down 5 points in AH due to lacklustre guidance. Tomorrow's Option expiration session could be interesting for a change.
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