AAPL Update

I think if you are trading AAPL options short term this is probably your last chance to get out with a decent gain.

I still have not touched the AAPL equity long position which is at  a nearly 3% gain, meaning  with AAPL's +3.39% gain, we entered AAPL long (equity) less than a half a percent off the lows, that' pretty darn good  and I'm not a believer at all in top or bottom picking, I'm just a believer in taking a position when the signals are the most favorable.

The point really is that the timing for an option position was right, but at the same time, I believe in a longer term trend in AAPL that an equity position is better suited for.

As far as the charts.... AAPL is an EXCELLENT example of what I mean when I say certain stocks like AAL, FSLR, MCP, etc, are going to show better relative performance as the SPY is up +0.54% vs AAPL at +3.35 %.

 AAPL 1 min intraday has gone south

2 min intraday doesn't show much reason to hold on to short term positions.

The 3 min is very clear as to what the intraday underlying trend has been.

Even the 5 min shows the same to a lesser degree.

Of course I fully expect to be in AAPL calls again based on this 30 min chart and the equity long is more based on this chart than the short term ones.