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Does the Divergence in Nasdaq Indices Mean the Tech Rally Is in Danger?
After outperforming much of the market for the first nine months of 2012 technology stocks and their index composites the Nasdaq (INDEXNASDAQ:.IXIC) and Nasdaq-100 (INDEXNASDAQ:NDX) put in intermediate term tops in September 2012. Since that time neither index has been able to put in new highs. And the biggest laggard has been Big Tech sounding caution over a possible Nasdaq-100 divergence. Although many are quick to point out the Apple (NASDAQ:AAPL) meltdown and its heavy weighting it's also of note that Apple was a part of the index on the way up and down. And those big-cap tech stocks that ...
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