Wednesday, April 24, 2013

AAPL Update

AAPL has been a very difficult decision as to whether to stick to it or cash in, however the point of the AAPL position and the shorter term market move to the upside to a large extent was based on AAPL longer term charts (15 min).

Since HY Credit isn't going negative to the degree I'd need to see in a few hours, I'm sticking with AAPL for now.

Here are some of the charts as to why.

 1 min is at least in line today which is the newest information.

 The 15 min chart still has a large accumulation area suggesting there's still quite a bit of fuel in the tank.

And for a short term trade, this positive leading divergence on a 30 min chart is hard to walk away from.

Would I buy AAPL again today if prices were favorable for options? Yes.

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