AAPL

I'm watching Apple closely. Apple yesterday filled this gap. Look at the big gap here. and then another gap here. This big drop on the back. I believe that was earnings if I'm if I remember correctly.

Um but either way, the gap fill now signals that I am now interested in a swing trade short on Apple. I haven't taken a position yet, but I'm going to be eyeing this today.

Lastly, guys, we got Apple moving up on the chart while most of tech has been under pressure today. Now, Apple's not up much. It's up 68%, but what it's showing is relative strength moving up on the chart.

What could I think is viable? Apple. Apple did not do, you know, the big spend. And Apple Apple saved my week last week. I'm back to be calling the red dog the Apple trader. Not, you know, I used to be the Apple, they called me the Apple trader, the Tesla trader, the, you know, when Tesla's in in play like Redler Tesla.

But anyway, really nice move in Apple. Um, I will be getting that Duo phone. Um, they did not use all their cash. You know, some people thought they were getting behind, but maybe they were being smart.

Um, this is 336. Um, when I woke up this morning, it was down two. Now it's down 50 cents. So, um, here's 344. Remember that red do reversal that caused that? Well, this was your, you know, get back above the moving averages.

What's Apple doing this morning? Apple is only down 67 cents. So, Apple should be a focus a little bit, right?

But Don, I'm curious about your last one here. We've got Apple. We've had a lot of optimism about these new product launches, uh, their moves they're making in terms of AI. They're higher on the session here.

Year to date, they're up 21%. How would you approach Apple for trading right now?

Apple is finally preparing to enter its next big category: the smart home. As you know, there's a lot of talk about the "Duo" device potentially being one way for them to expand their smart home product lineup.

I think if Apple can offer a more plug-and-play product in this direction, it will be a game-changer for them to attract people to spend more on their devices.

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.

So, Apple is a great example of that, isn't it? If you look at the past six weeks, you will find that we are recording higher highs and higher lows. We are above upward-sloping moving averages, and that is another key differentiating factor for this first group of stocks, isn't it?

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.