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.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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