Monday, October 8, 2012

AAPL / Tech Update

So far I'm ok with the charts in AAPL and Tech as well, I didn't capture the QQQ charts, but they are along the same lines, it was easier to just grab the NASDAQ futures.

The 5 min NASDAQ Futures chart shows the accrual of the positive divergence there and in the NASDAQ, this is still a 5 min timeframe, it's still in line with a shorter term bounce, it isn't suggesting strength beyond what was talked about in last night's post and thus far today.

 AAPL 1 min starting to lead here.

 3 min leading, you can see Friday's negative divergence to the left.

 The 10 min chart remains in an overall supportive position for a similar move as what we see on the chart from the 2nd through the 3rd/4th.

 XLK/Tech 1 min positive and leading positive divergences in to a flat consolidation area.

 XLK 3 min from Friday's negative to the positive divergence starting late Friday and growing today.

 The XLK 5 min chart, leading positive here

And the 10 min chart looks similar to AAPL's.

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