A Self-Aware Move

Although Apple is in the Dow now, too, it remains a heavyweight QQQ component at the moment. 

On the 30-minute chart for the QQQ, Nasdaq-100 ETF, below, note the gap down along with AAPL this morning. Dip-buyers did their usual thing before we settled into a sideways churn for the remainder o the morning.

Overall, the action has certainly slowed into a typical summer doldrums type of day in the market, with breakout plays few and far between (DRI would be an exception as well as some other areas I will cover for Members of Market Chess Subscription Services in my usual Midday Video, filling soon), and leaders like FB NFLX TSLA are finally coming in a bit. 

Circling back to the Qs, I am looking a that $112.60 area here as being a good point of reference into the afternoon regarding potential rally attempts failing or succeeding. But you can be sure the Nasdaq and many market players are self-aware of AAPL and the action in many of those premier names, for they have piggybacked the market in recent session in an extreme sense.