AAPL

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.

The three stocks currently on my watch list are Apple, CrowdStrike, and AbbVie. But I am not buying any of them at the moment. The reason has nothing to do with her business activities. It's all about its market valuations.

The first company illustrates all of this perfectly, as the first stock is Apple. I don't think I need to convince anyone that Apple is a great company. We are talking about one of the greatest companies ever created.

You're thinking about iPhones, Macs, Mac Minis, iPads, Apple Watches, AirPods, services, a huge user base, one of the most powerful brands in the world, and an ecosystem that's very difficult to leave. I love this business. My problem is the price.

Like some of the richest big technology companies on the planet, including Apple with Apple Music, Amazon with Amazon Music, and Google with YouTube Music as well.

Good. Reaching the fourth position personally, we have a completely different story for me at least, with what I easily consider one of the most well- managed and money-printing companies on earth, in which I have held shares for a long time and will continue to do so in the future, namely the technology giant Apple, trading symbol AAPL, of which the Saudi central bank bought an additional huge block last quarter, nearly doubling its position with new purchases of $132 million in the stock.

Again, you can see how things were before, but now look at the post-change category at the second largest investment, Apple. For me, this was interesting, and I've noticed that Apple is performing very well this year.

But when I looked deeper into the matter, I found that Apple is actually quietly shining this year. Its shares have risen by more than 30% during the year.

We will see how these devices will evolve from a functional perspective, but there is no doubt that we will be here in 3 to 4 years, and there will be multiple companies, including Meta and Apple, and I am sure that Amazon and Google will also release devices with different designs, and we will see who wins in the end.