Renewed sovereign debt concerns in Europe and weaker-than-expected growth in China, put a lid on a technically vulnerable market after a flat open. Apple caved in after yesterday’s divergence and a flurry of selling hit in the last hour as no one wanted to hold over the weekend given the weakness in Spanish banks. The poor technical picture will have to contend with some positive historical stats early next week. Next week WE also have IBM and Intel earnings Tuesday night. INTC’s report has often marked a turning point and it will be important for continue strength in technology stocks.
