I'll post the P/L later, it was a slight profit, but that wasn't the point. I hope I didn't get skunked on that call, but I think maybe not, I still have the same price alerts and AAPL bottomed on a positive divegrence and rising volume, a pretty reliable indication of a reversal, I wonder if it was a stop run first?
This was the earlier positive divergence that lasted most of the day, after seeing that IWM intraday positive take off, I took this one more seriously, thus closing the Put. The gap up on the open was distributed in to as well.
A longer 3 min shows AAPL in line so I'm thinking this might be as far as today's divergence went, if so, then a move to the upside as I mentioned in the AAPL correction would be a choice entry for a put position.
Here;s the volume so this does look like a stop run...
There's intraday support, volume as stops are taken out, an easy place to accumulate on the cheap in some size for a bounce (intraday or so).
I'll wait and see if the set up comes to me, if so great, of not there's another bus.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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