WHY is everyone saying 1 more day...why would anyone be selling off APPLE after record breaking earnings just 5 days ago ? what is the rebalancing people are talking about and why is apple affected so drasticly ?
The funds indexed to the NAS-100 are selling shares of apple to rebalance to reflect the new NASDAQ-100 weighting. BUT they are also repurchasing those shares in other funds in an orderly controlled fashion. So there is selling pressure and no buying by the institutions this week (hence low volume). That will be complete by COB tomorrow. Once Monday starts, accumulation will resume of Apple and stock will run. Don't worry about it and just have patience.