AAPL / MARKET UPDATE

As mentioned before, the divegrence seen in the market averages is just about everywhere I look on the watchlist, starting the same time and around the same charts (timeframes). Take a look at AAPL, up over 1.4% today...

 AAPL intraday 1 min

The 3 min chart for AAPL, much like the averages, SMH and many other assets.

AAPL 3 min closer view

 Compare to the QQQ 3 min chart.

And while most of the averages did not have a positive divegrence, although AAPL did have a small one of this 5 min chart that is also now going negative, this is the exact same tone we saw during the last 2 bounces, immediate distribution on any price strength. The difference between today and the last 2 bounces were the last 2 bounces at least had positive divergences to justify the bounce and support it, this has not other than what was gained from the a.m. lows.

The main point is how consistent the divergences look market wide.