Options_Trading

AAPL Bearish as it forming bearish divergence against SPY & QQQ

Satış
NASDAQ:AAPL   Apple Inc
The recent strength (the past week) in AAPL has been a great opportunity to get bearish and protect capital on this stock. From the late October highs (around earnings time) on AAPL, SPY, and QQQ to the recent highs we have on those 3 stocks, AAPL is making a very bearish divergence against the SPY and QQQ. If you have followed me for a while you know that I have been bearish on AAPL and really thinking we are going to see massive moves lower on AAPL as much of the capital will be liquidated out of the stock and invested in other areas of the market that provide better opportunity going forward. AAPL seems like it is being treated as a safe haven, especially compared to other similar stock in tech (Down from all time high: AAPL 18%, MSFT 31%, GOOGL 36%, AMZN 51%, NVDA 56%, AMD 56%, TSLA 57%). There are starting to be real bargains in stocks among a bunch of different sectors, but the 1 stock that has held up well and could provide the capital to invest in those other areas (whether in tech or not) is AAPL. The next market moves lower will be much larger and come in large part from AAPL.

Feragatname

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