AAPL shows relative strength vs SPY/QQQ; worth a look but caution advised on buying dips/playing strength.

a lot of people like, "Hey Red Dog, so you could buy Versa, what happened to Apple?" I'm like, "Well, again, on the weekends, I try and just give you a lot of charts." I say, "Put this in your pocket or print it out. It has on that charts on those charts are double tops, double bottoms, W's, wedges, triangles, this, that." So, let me ask you a question. What does Apple look like right here? Does it look like a double top where you have 344? Granted, the computers push you through a little bit. Went to 34534 and I was like, "Hey guys, this would kind of suck if you're playing for an all-time high if it puts in a double top." And I put a double top in. And then red dog reversal. What's a red dog reversal? Pushes through. Doesn't hold. That means it wasn't enough strength for it to hold. It came back in. That's another sell signal. Some guys said, "Hey, Red Dog, I'm shorting this here at 341. I have an easy stop at 345." I'm like, "Okay, well, you know, shorting Apple over time in history does not really make you a lot of money. It's better to be an investor and a trader there, but you could do what you want to do. I'm just not buying it." And then yesterday, I'm like, "If it can't hold 344, you know, you really have to adjust." So anyway, Apple went all the way down to 32870. So now it's below the 8day, below the 21day. So, what I say is if you sell the 8day, you could test the 50-day instead of sitting in it and going under water. But if you're not that active and you've been in Apple for two years, then you don't really care. I'm trying to talk tactically here.

Phil says Apple is holding up. And that is true. Apple is holding up. Okay. Apple is only down small. Apple is a little bit odd the way it trades. It's like a reverse ETF these days when when the spy, you know, but when the spies and the Q's were up, you know, Apple was also up. So, pretty impressive that Apple's only down 50 cents while the Q's are down 750 and the spies are um down four bucks. So, I would think if you want me to define this trade for you and and frame it, you could buy Apple down 50 cents. But the thing is, you have to give it you you you know, you have to give it some room. you have to give it to this point of reference right here. 330 445. So, and and if it happens to take out uh 34167, which better better be careful trying to play strength, I don't feel like I I played strength in I don't even know how long. Um and it's still hard to just buy dips. You know, this would be pretty impressive if it holds here, takes that out. Here's your all-time high area. They're coming out with a lot of products in October and a lot of people like them and Apple is holding up. If you're an Apple this morning, you're okay.