here are some of the largest components of the $SPX (S&P 500 index) as viewed on various longer-term time frames.  while some of the top 25 holdings that i track look bullish and some charts are neutral or indeterminable, i do believe that the majority of these stocks look bearish on the longer-term time frames.  even if that analysis proves to be correct, these things can take some time to play out as the stock market, just like the economy with my recent super-tanker analogy.  anyway, here are a few of the top holdings for the $SPX (btw- AAPL isn’t just a Big Dog for the Nasdaq and largest holding in the $NDX, it also has the second largest weighting in the $SPX, just behind XOM).  i will post some more of the top 25 $SPX components soon.