Market / AAPL Update

Since these intraday charts move so fast, some of the charts have already made their move, but it's still important to putting the pieces together.

Since AAPL is the fulcrum of the market today with no real tier 1 data, obviously what it does matters to the rest of the market.

There are 3 things I want to address because they seem to fit together nicely. First AAPL's volatility has obviously been a bit crazy since 1 p.m., however, with this 5 min chart adding as it has yesterday and today..

AAPL obviously has the ability to move the market on a short term basis.

If you recall the top 5 I posted just about 45 mins. ago, almost all are beautiful right where they are, but have local resistance which is the perfect area for a head fake move. If AAPL can be a catalyst, a lot of signals would make a lot of sense.

There are short term positive divergences finally intraday in all of the averages, but they are no longer than 3 min and the next longest timeframe is not positive in any of them, whether there's migration to that next longest timeframe or not I can't say,  but as it stands, these short term 1, 2, and 3 min positives would serve as an excellent move to a head fake above local resistance in many of the watchlist stocks characterized by the top 5 and with the next longest timeframe being negative, that would work perfectly for the move to fail and thus be considered a head fake move.

Lastly and I'll post this, there are some interesting signals in TLT and 10-30 year treasury futures. We called for a pullback late last month, the 26th I believe and now it looks like things are pulling back together so a TLT reversal to the upside would look a lot like a flight to safety and all of these events and signals seem to converging at the same time.

I'll post TLT just as soon as I get this out.

 Remember these are some of the first intraday positives since last week, SPY 1 min so far, but even as I type I see the divergence getting stronger and SPY moving higher.

 Nothing on the 2 min would mean there's not that much support for higher prices, it doesn't look like any more support will be added if in fact this move just left the station.


IWM 2 min positive and this has improved since the capture and IWM is starting to move.

IWM 3 min has no divergence and therefore has limited upside support,  perhaps the kind we need for these head fake moves above local week long resistance in most assets.

 QQQ 3 min positive.

And the Q's are now moving off this divegrence, it didn't improve much.

And the 5 min QQQ is in a lot of trouble.

It looks like the theory I had when I started this post just before the moves started about short term moves above those local resistance areas in stocks like the top 5, has some merit with the next longest charts providing no support and therefore a roof.

The TLT possible upside reversal would fit nicely with an equity decline as a flight to safety trade.