Markets keep magically floating around as the big guys are flushing their positions to the unaware average joe/jane.
Pain is coming soon when they have finished liquidating their positions.
The Apple just fell off today:
“Just days after Goldman removed Apple from its "Conviction List" and Evercore ISI dropped Apple from its "Tactical Outperform" list, which both banks cited mounting concerns about an iPhone sales slowdown, particularly as China's economic troubles worsened. A new report shows Chinese iPhone sales have collapsed.
New figures from Counterpoint Research, first cited by Bloomberg, show iPhone sales in mainland China plunged 24% over the first six weeks of the year. The report stokes concerns about waning iPhone demand across the world's largest smartphone market.”
Pain Coming in Q2: