Tuesday, April 9, 2013

AAPL UPDATE

Part of the reason I decided to fill out the QQQ weekly Put position is not only the time of day, but specifically the way AAPL was acting.

There had definitely been some improvement in AAPL's charts and I suspected AAPL would pop intraday, but the charts just aren't there right now for me to take the position I wanted, like I said yesterday, if I miss it, I miss it, there's always another bus.


 This is the 1 min chart in context

 Here it is intraday so it looks like AAPL is seeing distribution or profit taking in a pretty strong divergence for this timeframe so fast.

The 3 min chart couldn't confirm either.

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