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Scott Redler’s Chart Attack: SPY and AAPL

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Quantitative Analysis is the future of trading.

Rob Smith will show you why. Click here for more info.

Apple (AAPL)

AAPL has given nice opportunities post-earnings.

aapl 8_17 follow up_micro

Yesterday, I got out of the stock and turned my calls into spreads. If I see a pullback toward $108.50, I might nibble back on stock and calls.

Bigger support is $107.50.

SPY

Yesterday, SPY broke the 8 day again.

spy 8_17 micro

Now we'll see what's next. 21-day support is closer to $216.80ish.

Disclosure: Position in AAPL call spreads