Market-FAS

As mentioned in the last 2 updates, AAPL was improving and the market was filling gaps and improving, the gaps are filled and both the market and AAPL are responding positively from positive divergences that I mentioned building up after the opening small negative that sent the averages back to fill the gaps.

FAS was one leveraged long ETF last week that started pulling itself together, it's still looking good and continues to pull itself together for what looks to be an upside breakout from the triangle.

We'll still be looking to short in to price strength as that is the larger picture, but we should have a decent bounce that scares shorts out of positions first.

FAS....

 Friday's daily closing, bullish reversal candle on increased volume in XLF (Financials), also in a head fake area which is what is almost a prerequisite fro a reversal in the market now-a-days. We're looking for a break above the triangle.

 Financials were late to develop vs most other sectors, I think the fact they didn't lose much ground didn't make them as attractive as they were in a consolidation/triangle, but late in the week as it looked like everything else was gearing up to move higher, Financials started seeing the same positive activity in underlying trade come about as you can see in this 2 min FAS chart that is leading positive.

 There's migration to the 3 min

And to the 5 min.