AAPL Update

AAPL is a tough call right here. The charts don't give the impression of a bounce, but it's such an obvious lever needed to help the QQQ/NDX as AAPL's weight on the NASDAQ 100 is approximately at last known verification (as NASDAQ weighting schedules are proprietary, but you can get a membership to NASDAQ to find out the weight for a mere $10,000 a year) 20% of the NDX's weight, that means if you took all 50 least weighted AAPL stocks and combined them together, AAPL would have the same weight on the NDX as those 50 stocks combined. Theoretically if you took those 50 and AAPL and called it the NASDAQ 51, those 50 could be up 2% on average and if AAPL closed down -2.1%, the NDX 51 would be red for the day even though 50 of 51 stocks closed up.

 1 min AAPL chart suggests intraday pullback

so does the 2 min-perhaps AAPL gains a positive divergence during the pullback?

The 5 min chart is even negative, but resistance which is pretty clear and the psychological $450 level make for a nice magnetic target.

I'll keep you updates as best I can.