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The market did sell off a bit yesterday, taking out its previous low, as expected, and also had a rally at the end of the day to finish positively. The Nasdaq tested the 50-DMA, bounced off that, and held that level of support. Much of this hinges on Apple's ability to get its act together, since it is such a large component of the Nasdaq and the S&P. The Russell 2000 has turned over with the rest of the markets; small- and mid-cap companies have really gone nowhere. Most of the market activity has been driven by the seven large-cap companies, underscoring what a bifurcated market this has been.

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