Monday, March 14, 2011

AAPL showing some EOD intraday weakness

I've been watching AAPL today to see if it puts in a possible short sale signal candle today. It's been stronger then the broader market, but looks are deceiving until you get into the internals, a place few venture.

AAPL 1 min chart showing a negative divergence-contrast that to the QQQQ of which it is the heaviest weighted index component.

The Q's are still trading in line on the earlier intraday bounce, maybe even a bit stronger, so why the weakness in AAPL?

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