Apple's strength reflects optimism that doesn't make sense to him: a $2,000 foldable phone won't draw enough buyers to matter and the iPhone 18 at $1,200 is a stretch, so bad news is likely coming for AAPL; Apple plus Microsoft at 21.5% of the index means a correction in them would deepen index declines.

In other words, if you watched the program last week, I featured the top companies, such as Apple and Microsoft, which made up 21.5% of the index.

If these companies begin to correct, we will see a greater decline.

Let's take a quick look at the trading setup requirements. As you can see here, and as Matt has explained, the rising stocks are concentrated in the oil and energy sectors, of course, given the strength of this sector.

You can see the strength of Apple's stock; in my opinion, it's insane. It's a very optimistic view , but it doesn't make sense to me, because they have a foldable phone for $2,000, and I don't think anyone will buy it, you know, there won't be enough buyers for it to make a difference to them, and the iPhone 18 for $1,200.

So I think there is bad news coming, but that's my opinion, and as you can see, the outlook is very optimistic. Therefore, I advise extreme caution before selling based on that.

It's a very optimistic view, but it doesn't make sense to me, because they have a foldable phone for $2,000, and I don't think anyone will buy it, you know, there won't be enough buyers for it to make a difference to them, and the iPhone 18 for $1,200.