AAPL had a chance yesterday to breakout above all time new highs. Yesterday it gave up the gains, today AAPL gapped again and gave up the gains, this is way out of character for AAPL over the last several weeks, although the advance of the last several weeks has been parabolic and thin in the trading range, as I mentioned several times, it looks to be driven by short covering and by hitting a new intraday high yesterday, I would think the fuel of short covering is just about all used up.
The last two days AAPL has gapped up and given back the gains.
The short term 3C chart shows this happening in underlying trade. Note the negative divergences on both opening gaps, AAPL gave back all of the gap intraday both days and now it's leading negative.
The situation in AAPL is similar to the market today. Furthermore the XLK hart (Technology) that I showed in the random charts post, had a nasty 15 min leading negative divergence.
I could go on and on listing everything that seemed fishy today, but it's all there in today's posts.
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