AAPL

As stated last night and often, because the SPY is up doesn't mean we have a healthy market as evidenced by my breadth and 3C postings. DISTRIBUTION IS SELING INTO HIGHER PRICES, THAT IS WHAT A 3C NEGATIVE DIVERGENCE TELLS US.  I have talked about AAPL in the last few weeks and distribution. Today in a Q3 13F filing found at Zero Hedge Capital Growth Management reduced their AAPL holdings from 1.15 million shares to 111,000 shares.

Here are the 3C charts showing distribution.

 AAPL 1 min chart showing a negative divergence and distribution, interestingly there was another round of distribution right before the 13F filings were released today through Monday.


 AAPL 60 min chart, again showing a trend of distribution in a important timeframe. 3C is now in a leading negative divergence in AAPL.

Here is the daily chart of AAPL showing confirmation of the recent uptrend and now we see a massive daily negative divergence, borderline a leading negative divergence. It seems that they held through the last POMO operations and dumped in between the last operation and the start of this one.

Interesting.