AAPL Follow Up

Last Friday at 3:30 I posted, "AAPL Prepping For a Move Higher?"

Excerpts from last Friday's post...

"late day action looks like accumulation and the QQQ's 3C charts could use some help, they look the worst by far."

Thus far today the Q's have been the best relative performer.

I also showed 1-5 min positive signals in AAPL and halted there because of Friday's loss of data, but at 15 mins I thought it was a long enough trend that the loss of data would be less significant and it was positive there too.

This morning and afternoon AAPL is up +1.57%. Most charts still look pretty impressive, even intraday charts.

I'd consider any market pullback that takes AAPL with it (which may not happen as the averages are not correlated as they once were) to a lower price / risk level as a potential entry for an AAPL upside hitch-hiker trade, this is not about a new AAPL bull market, it's just about playing the signals that are in place.

These charts just show the degree to which AAPL has been trading in line or confirmation, meaning thus far it has been a strong trend, a pullback may make for a nice entry on a couple different positions and helps the Q's obviously as they have already gained strength from last Friday.

 1 min positive, in line and now slight negative

3 min in line

5 min in line

10 min in line

15 min positive and now in line.

I wouldn't go beyond 15 min which is where most of the market average positive divergences are, but otherwise, I think this is one I'll set pullback alarms for.