TRADING APPLE

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 TECHNICALS
APPLE Technicals Behavior - Apple Shares Volatility Behavior til Month End ? 
 March 15 ( From TradingView )
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RV closed on March 13 at ​​1.73, below it s 200 DMA at 1.81.
and pure Volatility​ closed at 27.7% last Friday, level slightly above its 200 DMA at 27.2%.



What I am telling you is that Volatilty and Relative Volatility is fairly priced ( not cheap but fairly priced ) considering the 4 factors above that can bring Volatility in Apple Shares til the end of the month...

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The Weekly March 20 124 Straddle ( Long Call and Long Put ) closed last Friday at $3.56 and

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 I will follow that straddle this week...​​ 



​​​​​​​​​​​​​​​​​​​​​Stay tuned as I will update you in the Daily as usual for specific trading levels on Apple Shares...










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March 15: Apple Shares Volatility Behavior til Month End ? 

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So til Month End, we have 4 special events that will occur and can bring some
higher volatility to Apple Shares:

1) ​​​Apple into the Dow Jones Industrial
​Apple Inc. (NASD:AAPL) will replace AT&T Inc. (NYSE:T) in the Dow Jones Industrial
​Average (DJIA) after the close of trading on Wednesday, March 18. The change will 
​be effective with the opening of trading on Thursday, March 19.
For more details, see last week Research: ​APPLE Technicals Behavior -  DOW Index Impact ?


​​2) SP500 Futures is near a Major Support Trendline
A Major Support Trendline​​ that started back on October 15 2014 now at 2036 need to hold, unless gap down towards the 200 DMA ( Day Moving Average ) now at 1989. See third chart below.


3) Month End Asset Mix Rebalancing​​
Already at mid month, we have SP500 index performance ( from the end of February ) at ​-0.85% and the 
IEF ETF ( iShares Barclays 7-10 year Treasury Bond Fund ) at -2.43%.

4) Japanese Banks End of the Year​​​
The Japanese end of the year for most of the Japanese Financial Institutions ( Fiscal Year ) are March 31. And each year beginning 2 or 3 weeks earlier are the window dressing process where rapatriation of assets migration start. Japanese Institutions are selling foreign assets ( mainly US assets ) to come back into Japanese assets. And las time the Yen was at that level for year end was back in 2007... See 4rth chart below. 

And also take a look at the Big Picture from the US Dollar Index and soem Financial Events that occured each time we had a huge run up. See 5th chart below.
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We will start with the charts of ​​Relative Volatility of Apple Shares vs SP500.


Daily Chart - Seasonalities - Daily Performance Index in % of Apple Shares Relative Volatility vs VIX from CBOE

​ - Average of the past 5 years - March 1st pegged at 100 ​





Daily Chart -  Relative Volatility of Apple Shares in % vs VIX from CBOE

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SP500 Futures - Daily Chart
Candles​


USD JPY Cross Currency - Daily Chart
Candles​