Post Mortem: Jump on Apple, Set Up the Indexes

Apple, at its 200 day simple moving average and running into the first tranche of resistance, got sold hard:


The money flow of Apple was poor intraday, but the 5-day picture still shows accumulation:


Courtesy of Effective Volume

Meanwhile, the indexes rose magically, as if they were kites on a sunny Sunday afternoon.

My assumption is the indexes will either sell off some or glide up, into 920 RUT, as a monthly pin.  Apple might seem heavy, but I can see more buying.

In any case, this period is not one for heavy engagement. High prices on low volatility will only draw in the last available fools. Be sure the professionals are ready to SELL!



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