Biotech stocks killing NASDAQ . So traders they look at the index and act on that.
Even AAPL is strong and above ma-50 with an inverted H&S could not help NASDAQ so far (good weight in NASDAQ).
Just use the pullback as the opportunity to buy solid stocks on sales. Like FB. With all the ccrisis in the world, traffic for FB and TWTR are good so good ER potential...also it pulled back from $72 to ma-50.
NASDAQ went below ma-50 a little.. A liitle does not count. This morning it could pullback to yesterday low, but did not so far..if moves up from here then hourly chart also shows inverted H&S. Uptrend still in tact.
Watch IBB as a good indicator for NASDAQ now, not AAPL. It used ro be.. GILD darling doing good..