Wednesday, April 24, 2013

Early AAPL Update

It would "seem" as if retail smartened up in after hours, but that's hard to imagine, in any case, the late AH weakness in AAPL caused a gap down, not surprisingly because of the longer term strength in AAPL charts, this is how AAPL opened...

 Since 3C isn't in scale as price is the scale on the chart, you can't see the leading positive divergence the last hour of regular hours trade yesterday before earnings. However you can see the strong relative positive divergence right on the open this morning.


In fact, the positive opening divergence spread its wings all the way out to the 3 min chart this early, that's pretty impressive.


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