Quick Market Update

I'm not making any particular market moves at the moment, more or less still observing, the Q's still have respectable short term relative 3C strength and that's probably the main reasons, but other indications are getting more and more interesting. I really didn't think the reaction to AAPL's display today was all that impressive.

As for AAPL...

 AAPL 30 min looked like there was something wrong before today, a big part of the reason the put position was opened. Considering 3C's relative position a the two red arrows and AAPL's price relative to 3C at the two red arrows, something still doesn't look right.

 This is the 5 min AAPL chart, again a stronger 3C leading divergence than the slightly sloping AAPL downtrend here.

The 15 min chart with a base area and this looks like a pretty clear stage 3 area vs the base area.

Intraday there has been virtually no divergence in AAPL, it's as if what you see is what you get and there's significant volume, especially as Friday's close is taken out.

SPY 1 min which has been ugly all day has moved more strongly to the 2 min chart.

At first there seemed to be some strength in the chart, but it looks to be dissipating rapidly.

 IWM 2 min positive late Friday and in line today for the most part.

However the newest divergence will occur on the fastest chart, the 1 min and there you can see Friday's closing positive as well as much stronger negative action developing here.

 HYG tried to go positive earlier on and was shot down with 3C in line or leading lower.

VIX improvement continues - 1 min

2 min

3 min

I'm not sure we are at a transition from today's relative price strength, but things are certainly getting more interesting.