NASDAQ FOUR HORSEMAN REVISITED - GOOG, BIDU and AAPL are weak, while RIMM bucks the trend
Back in February we highlighted NASDAQ's new four horseman; GOOG, BIDU, AAPL and RIMM. We suggested that the former three were is big trouble as they were low ranked in FusionIQ and also were on FusionIQ timing Sell signals. Subsequently these issues all fell really hard. At the time only RIMM was bullish in FusionIQ and the stock has performed quit admirably during the current market weakness. As we revisit these names now we see that FusionIQ was very accurate in its then implied prediction. As it presently stands GOOG, BIDU and AAPL would remain avoids and if we were betting on a horse it would have to be RIMM and its FusionIQ master technical score of 94.