Monday, October 8, 2012

AAPL Update

AAPL is doing what I had hoped for last night in considering a small call position (which is relative to the size of the expected move), in consolidating further, plus it's down which makes call premiums even more attractive, so far so good there. It's the signals that I'm waiting on now to look a bit better, but I am tempted to start part of the call position. The NASDAQ Futures have better signals than AAPL thus far and that's what's tempting here. I'll likely be a little patient as it's not going to be a huge position to start with and transaction costs have to be considered.

 AAPL 2 min isn't quite there, it may develop quickly though with the NASDAQ futures looking much better.

 AAPL 3 min, also a start, but not quite there yet.

 AAPL 5 min

AAPL 10 min has been in position to suggest that next shoulder.

NASDAQ Futures.

 The early 1 min pre-market futures already seen.

And the 5 min futures support the AAPL idea.

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