Tuesday, May 21, 2013

AAPL Intraday Update

If AAPL can put together another run, I'd look at either adding the the short equity position or if it had enough momentum and kept going more and more negative, may even increase the put position size. That also has some consideration in the overall market as well.

Here's how AAPL's intraday charts are going (remember there was a larger AAPL update last night).

 The 1 min chart is clearly negative, what is important from here is that this negative divergence is strong enough to migrate to the longer timeframes which tells us the divergence or distribution is stronger, the stronger the better.

 2 min

3 min is on board...

5 min is on board so I feel ok with AAPL Puts, but I want puts in to as much momentum on the upside as I can get and just as its about to turn with 3C can help with or ROC on price, the TICK chart, etc.

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