If you didn't know, AAPL has earnings tonight. Interesting
set-up in the longer term intraday charts with divergence in MACD
and RSI. Nothing on the shorter yet but that wouldn't take
much. Otherwise we have the 200 day below around $587.
Get your popcorn ready.
Posted by sanrafael on 25th of Oct 2012 at 01:15 pm
(just a guess) but it looks like 'big boys' are selling into
fear today...who knows what will happen after the close---only one
thing is certain: there will be a huge volatility crush by tomorrow
morning...I went long puts at the open this morning and will be out
by the end of day or sooner, becaus the institutions often bounce
up to VWAP for the close). I agree that if earnings
disappoint, i.e. they aren't as fantastic as usual, that the 580 or
so level is where it may end up. Make sure the popcorn is
non-GMO :-)
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AAPL
Posted by tom on 25th of Oct 2012 at 12:53 pm
If you didn't know, AAPL has earnings tonight. Interesting set-up in the longer term intraday charts with divergence in MACD and RSI. Nothing on the shorter yet but that wouldn't take much. Otherwise we have the 200 day below around $587. Get your popcorn ready.
Kinda looks like a bullish
Posted by himsa on 25th of Oct 2012 at 02:40 pm
Kinda looks like a bullish wedge type pattern on the 15min
full moon is on the
Posted by himsa on 25th of Oct 2012 at 02:57 pm
full moon is on the 29th...which is a monday if apple's earnings beat est. could reverse current downtrend lol..imagine that.
Yep the 29th +/- so
Posted by tom on 25th of Oct 2012 at 03:02 pm
Yep the 29th +/- so the range would generally then be Friday to Tuesday.
Also just wanted to note the VIX BB system is set to close inside the BB's after closing outside the previous two days.
Possible breakout of VXX or
Posted by hirahara on 26th of Oct 2012 at 08:29 am
Possible breakout of VXX or a buy in SPX and reversal of downtrend?
interesting candle on $vix and
Posted by wowten on 25th of Oct 2012 at 03:25 pm
interesting candle on $vix and still above 200ma
Institional selling
Posted by sanrafael on 25th of Oct 2012 at 01:15 pm
(just a guess) but it looks like 'big boys' are selling into fear today...who knows what will happen after the close---only one thing is certain: there will be a huge volatility crush by tomorrow morning...I went long puts at the open this morning and will be out by the end of day or sooner, becaus the institutions often bounce up to VWAP for the close). I agree that if earnings disappoint, i.e. they aren't as fantastic as usual, that the 580 or so level is where it may end up. Make sure the popcorn is non-GMO :-)