AAPL Update

OK, lots of emails about AAPL, so lets just look, but the bottom line is, If AAPL had a 3X leveraged short/bear ETF, I'd buy it. As for shorting the stock, I don't see the profit potential as being high enough, as for buying puts, I don't see the probabilities of the trade as being high enough for that kind of risk.

I see AAPL as also (much like GLD and SLV) as being in a bear market rally, these are sharp/strong rallies, they obviously have to be to get anyone interested after a 300+ point decline.

As for not backing up the truck, AAPL is just ANOTHER one of the pieces of the puzzle that suggests we are not there yet as AAPL does look like it will go higher before this is all said and done.

 1 min intraday is obviously in a negative divergence, AAPL is coming down in the near term.

 The negative divergence stretches to about the 10 min chart.

After that, the influential 15 min is extremely strong still, this is one of the reasons I think AAPL has more upside.

This is also why I don't think a Put is a high probability, low risk, good set up. Will it likely be profitable? Yes, is it the kind of high probability, low risk  and strong set up that we want when taking on that leverage? No.