I think another way to play the AAPL position without weekly options would be long TECS which I already have open.
I think this is not only less risk, but it gives you the ability to hold on to a bigger trend than a week.
First we have the QQQ 5 min I already posted, which AAPL is highly correlated to or vice versa.
Look at the Tech Sector itself though today, 1 min
5 min so it's seeing the same intraday damage as we see in other places
TECS (long)
The 5 min here today is the mirror opposite of the Q's, Tech, AAPL, etc, it's positive.
And the thing I like the most is it's longer term chart already has a head fake move in, a strong leading positive divergence and really you can have a stop not too far away, again I think the Risk:reward for a short or swing trade makes sense.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
No comments:
Post a Comment