AAPL ran to 252.13, a nice run from yesterday's close (245.22), which had followed some great runs (from 231 last Friday morning). But the 3- and 5-minute stochastics came down from overbought levels, bringing AAPL below 251, and now the 15-min stoch is dropping out of its overbought level, Nasdaq has lost 6 points in the past 10 minutes and AAPL is now barely above 250.
Intraday short-term stochs are all oversold now, but if AAPL rides the 15-min stoch down, this might take some time to settle down. A lot of profit-taking is due here after just four days of wild swings mostly bullish.
Ride 'em cowgirl!
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