Friday, March 23, 2012

NADAQ/AAPL

 Here's the DIA (green) vs the SPY (red), note volume on the advance, traders are not enthusiastically chasing prices higher.

 Now look at the QQQ in green vs the SPY... One guess why?

 AAPL is making another move toward support!!.

 The inline 3C reading of the last day and a half are giving way now, AAPL went negative here on the 1 min at the top of the most recent move up. Actually, leading negative.

The 2 min chart is doing the same.

I'd guess the other averages are in a race to fill their gaps (the QQQ already has) before AAPL breaks down.

No comments: