Friday, October 19, 2012

AAPL, Tech Bellwether

So far, AAPL is providing the best case for Tech rotation, although the NASDAQ futures vs the SPX futures this morning also had some interesting divergences.

Here's AAPL's 3 min, remember we are looking for a short term move in AAPL over the next several days, not long term, we are looking for something we can short in to.

There was also the AAPL $640 pin from last night, probably not the most up to date options information, but that was close to the theme of sector rotation we had arrived at as well.

AAPL's negative divergence and then a positive and leading positive divergence.

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