$AAPL May Start A Santa Rally Next Week

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It's been a few days since we talked about AAPL so by request let's do that. Below is a short term 60-minute chart of AAPL.

As you can see AAPL has retested its low and with a little positive RS divergence showing as well. This issue alone can keep the markets alive and bring Santa to town with any strength. Just depends upon whether Santa wants an Iphone or a Samsung galaxy.

However, here's the big picture chart of AAPL.

What bothers us about it?  Thin air below. But for now short-term oversold and going into a holiday trade week.

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