Courtesy of Chopshop
With an out-sized 1/6 weighting within the hearts and minds of its cult-like followers NDX, AAPL’s blowout quarter could beget a high-volume melt-up and / or volume climax in the days ahead. Volume dry-ups for Apple itself have routinely followed through in bull flag breakouts, as seen within the Volume-Tick Oscillator™ shown below.
While POT, NYSE Advancing Issues (UVOL) and European airspace were smoked up yesterday, everyone got high(er) on AAPL. DARPA got its grapefruit on with an Industry Day for the "Mind’s Eye Program" and even ‘Hitler is no longer upset about the iPad‘. All’s well that sells well, right? Wonder what Jimmy Cayne was up to in the clubhouse between bridge tournaments?
AAPL ~ 60-minute
Simple Moving Averages, Volume & Vol.T Oscillator™
AAPL ~ weekly
Simple Moving Averages & Vol.T Oscillator™
DVOL ~ Daily Volume NYSE Declining Issues
Goldman Sachs crashing for 40 minutes from 10:38 on option expiry spikes Friday’s DVOL to highest level since 3.20.09.
UVOL ~ Daily Volume NYSE Advancing Issues
Blue vertical lines mark 4 consecutive failures to pierce through a glass ceiling at 1,000,000; today was number 5.
!Mint™ Market Internals ~ 3-minute
UVOL / DVOL, NYSE TICK, ADD, VOLD, VIX
!Mint™ Super Advance / Decline ~ 3 – 4 pm
7 Primary US Equity Indexes
Note the Russell 2000’s steady climb during the final hour and push into the close.
!Mint™ Super Advance / Decline ~ past 2.5 sessions
Index legend identical to snapshot above
NYSE and DJIA are the backbone, NDX and R2k are tip of the spear.
Potash (POT) ~ daily
Fibonacci EMAs & Elite Oscillator™
Potash (POT) ~ daily
Fibozachi Inflection Bands™ (FIBS) & Specta-Trader™
Wide channel, trying to remain within upper half of range; dynamite triangle drawn from March peak & 105 approaching 70% prime inflection point.
Potash (POT) ~ weekly
Simple Moving Averages & Elite Oscillator™ – each underscore powerful coiling / consolidation, fuelling for the next $25 move.
The entire upward retracement has been a sloppy mess of failures-begetting-reflexivity.
Potash (POT) ~ weekly, 2003 – 2006
Fibozachi Inflection Bands™ (FIBS) & Specta-Trader™
Look how smoothly POT trended up, up and away from ’03 – ’06, bouncing along the green Upper FIB™ and simply kissing the Midline to cool-off.
Potash (POT) ~ weekly, 2006 – 2009
Same story here from ’06 into 2008.5, when folks were running to Costco for rough rice before G-8 Hokkaido in anticipation of global food shortages and hyperinflation;
and inflation peaked that June / July, failing to breakout of a tortuously misleading decade long range.
Along with DRYS, POT was the momo name to play, the trader’s nuclear football.
Potash (POT) ~ monthly
Fibonacci EMAs & Candlestick X-Ray™
It is now a fallen angel who must pick itself up off the floor by month’s end or risk technical rollover.
Potash (POT) ~ monthly
Fibonacci EMAs, confluence of high-low price retracement drawn with real candlestick bodies (far right) and price extension of ‘A’ to ‘C’ rally legs (center-right).
Disclosure: no position in the securities mentioned at the time of writing or publication. During any given session, we may trade any instrument bi-directionally.
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There, you can view detailed explanations of the proprietary design development and technical methodologies within the unique technical indicators that we employ to perform a comprehensive technical analysis of financial instruments (stocks, options, ETFs, bonds, futures, FX) across interval periods of time, tick, volatility and volume.
