Wednesday, April 4, 2012

AAPL Update

The way AAPL trades in to the close and tomorrow will be very important for determining market timing. I would not be surprised to see AAPL underperform the market, if the market can manage a gap fill.

Here are the charts.

 AAPL's gap from this a.m., it's not that big so I'm not sure if it is worth filling.

 The 1 min chart's trend has been mostly in line with price today, actually even a bit more negative in position.

 There is a small positive divergence here, we saw one earlier too, it didn't amount to much.

 Here's the 2 min chart's trend.

 The 5 min is very ugly, leading negative

As is the 60 min trend. Perhaps this is the Dan Loeb selling as he no longer holds AAPL as a top 5 position.

For now, I'm keeping my puts open

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