TRADING APPLE

 TECHNICALS
APPLE Technicals Behavior - May Seasonals ? 
 May 3 ( From TradingView )
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May 3rd: May Seasonals  ?

​​The Month of May is also very special in terms of Seasonalities as the whole Market
Trend is towards lower prices for the Mighty SP500 Index.​​



See the chart below.
RV closed on May 1 at ​​2.21, above it s 200 DMA at 1.89. and pure Volatility​ closed at 28.1% last Friday, level slighlty below its 200 DMA at 28.4%.

What I am telling you is that Volatilty and Relative Volatility is not on the expensive side considering the Seasonality in May that can bring Volatility in Apple Shares for the month...

​The Weekly May 8 129 Straddle ( Long Call and Long Put ) closed last Friday at $3.53 and

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...

END.​​
Daily Chart - Seasonalities - Relative Daily Performance Index in % of Apple Shares vs SP500 Index
​- Average of the past 5 years - May 1st pegged at 100 ​

( See chart below )
Daily Chart - Seasonalities - Daily Performance Index in % of Apple Shares - Average of the past 5 years
May 1st pegged at 100 ​

( See chart below )
Daily Chart - Seasonalities - Daily Performance in % of SP500 Index - Average of the past 5 years
May 1st pegged at 100


.( See chart below )

So we are getting into an environment which is characterized by a toppish and consolidation market. Apple will not be excluded from that Market Trend as shown byt the chart below.
But in fact, what it is important for us to know is the Relative Outperformance of Apple Shares that historically start at mid-month as shown by the chart below.
FinancialIceberg.Com
So in summary, we comes from the month of April which historically speaking we had some good performance from the SP500 Index and Apple to a Month of May which we had on average over the past 5 years mixed performance...


Monthly Seasonalities - Monthly Performance in % of SP500 and Apple Shares - Average of the past 5 years

​​                                         April         May​​​

SP500                              +1.2%     -2.3%

AAPL​​​​                               +3.8%     +1.1%

Relative
Outperformance
AAPL over SP500​​​​           +2.6%     +3.4%
Interesting to note that this year for the month of April 2015, we had +3.6% and +1.9% monthly performance respectively for Apple Shares and the Mighty SP500 Index, quite close of the average performance of the past 5 years as shown on the table above.

So my message here is that ​​in terms of Relative Performance, the month of May is better than April for Apple Shares Historically speaking BUT Individual Performance is less for the month of May as shown by the table above.