AAPL and GOOG together make up over 20% of the Nazz 100 as I understand it. AAPL itself has the largest weighting in the SP500. So these market heavyweights must be taken into account. Can the market move up without them? Yes. Will it be hard? Yes.AAPL, after a mere 2 hours, has already traded over 19,000,000 shares. The 50 day average volume is "only" 18,120,000. The chart for PCLN, another market leader, looks about the same, with heavy volume. GOOG looks the same, with volume already exceeding the 50 day average.
I varnished something this morning and am working on my earnings list. Trade safe.