If I had done it over today, I'd have waited a bit longer to enter AAPL calls, but I think they'll still be fine.
Everything is moving according to last night's projections and the amplitude or momentum is picking up more quickly now.
AAPL 2 min intraday leading positive recently to new highs for the day.
AAPL 3 min the same.
The 5 min NASDAQ futures (minis) are looking very good on this shorter term timeframe/trend outlook.
QQQ 2 min also reaching new intraday leading positive highs recently
The 3 min as well
And the 5 min
Even all the way out to 10 min it is leading positive.
XLK/Tech's 3 min leading positive divergence is near or just past recent local leading positive highs.
The 10 min chart which has been in decent position is hitting new highs on the day as well.
For context though, I have to throw in this 15 min XLK leading negative chart just to point out the difference between a short term move higher and what the big picture looks like.
There are some Tech stocks that have been acting differently than the group along the lines of those that have been doing well and those that have been beat up. RIMM had been beat up and has been showing recent improvement vs. AAPL's recent deterioration, but along those same lines of these stocks acting almost exactly the opposite, RIMM's intraday signals aren't looking strong like other Tech names, however it is also near a resistance level of what looks like a small base.
No comments:
Post a Comment