Tuesday, September 9, 2014

AAPL (Call Position) Update

The AAPL Sept 19/20 $96 calls are at a slight gain, their opening indications fell short of confirmation. The obvious reason would be market weakness, but there is a leaked video claiming to be of the I-Phone 6, apparently if this is the new I-Phine, there will be some disappointment.

For now, the open doesn't look great as far as confirmation, but the 5 min chart has PLENTY of gas in the tank to take this much higher and there's likely still that market maker problem of having been stuck with @ Market orders on the 3rd of Sept. so that alone may be justification even with disappointment for at least a knee jerk so they can unload their stock at better prices rather than be behind the 8-ball.

 The opening intraday chart didn't confirm for AAPL, usually I'd be a little concerned with this, but considering all of the major averages are red for Sept. and it's early, I'll stay my hand.


More importantly the 5 min chart is leading with quite a few days in this small stage 1 bounce base.

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