Saturday, April 25, 2015

Apple on Monday...04.25.15

With tech at a 15 year high, valuations a standard deviation above the norm and the markets technically overbought we SHOULD be ready for a reversal mode.  The hot results from NFLX, GOOG, AMZN, MSFT, SBUX, etc. have set the excitement bar pretty high and APPLE's Monday report will definitely set the tome for the week.  Expectations are high.
In the meantime here's the VDX and PONZO studies for SPY as of Friday's close>>>
Note that the VDX is NOT at a SELL threshold and PONZO is 60% bullish, short term
Friday's closing action followed the sell the close pattern of the past week, although it was more muted than the previous 4 days.(hopes for APPLE????)
We were able to squeak out two 45 minute trades based on the ADX divergence (below) and we'll delay our discussion of that dynamic until next week when more time permits.