Monday, July 9, 2012

May look for a Put position in AAPL

This is all I need to know about AAPL for the next several days at least (remember the market is highly correlated).

 3 min negative

 5 min leading negative

 15 min leading negative

 30 min leading negative

There's a small relative neg. on the 60 min, but pretty close to in line, I'd consider this a pullback trade, deeper than you'd normally think of when thinking "pullback"

I think AAPL is still in decent position here for a new trade.

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