Thursday, March 28, 2013

GOOG & AAPL

I'm not covering these just because we have trades there, but because these are two large bellwether stocks and as such, what happens to them can move the market.

 As noted earlier, AAPL was one of the stocks included with the averages seeing an abnormal move in 3C to the upside, the way 3C works is with raw underlying trade data unlike other moneyflow indicators that average that data and thus lose potentially important data in the averaging process. For 3C to move up, the underlying flow of money needs to be greater right now than it was "X" number of bars ago, so for a move nearly straight up like this, there's a change and the answer to the question 3C asks to know whether to move up down or stay flat is answered as "Yes"

 Since the 3 min chart has done the same thing, this is interesting not because of the 3 min  chart's heft, but because of the process of migration of the divergence from a faster less important timeframe to a longer more important timeframe.

 Even the 5 min chart which has already been positioned well is seeing intraday migration today specifically.

 GOOG is doing something similar, this is the trend of the 2 min chart over weeks, it's roughly following price down and price doesn't do anything surprising, but then it breaks with price, this is what we look for.

 The same chart intraday today doing the same thing as AAPL, but AAPL started at least an hour earlier.

As far as the larger support for a move to the upside, it too, like AAPL is already there on the 15 min chart, it's not a huge divergence, but big enough .

No comments: