AAPL Apple Daily and Weekly Charts Remain Rotten with Negative Divergence Despite All-Time Record High at 323 Palindrome

Apple squeezes out a new all-time record high at the 323 palindrome but it remains a piece of excrement. Recent happy talk and now a lawsuit against OpenAI has got some sucka's and bagholders in a buying mood again. The daily and weekly charts are in full negative divergence across all indicators so she is cooked in the daily and weekly time frames.

Price may jog for a couple days, especially with Fed drama on tap, but AAPL should receive its neggie d spankdown at any time forward in both the daily and weekly time frames. It is set up for a multi-week pullback so as it drops, you can reference the monthly chart and see if the MACD goes neggie d to identify the top as a long-term multi-month even, multi-year, top. Even if it is not THE top now, it will be within a couple months. After the multiple weeks of downside, AAPL may come up again for a few weeks to seal the deal on the monthly so that long-term top is either now or late August/September (to give a little more time for the MACD on the monthly to go neggie d).

The hype is out of hand today with television analysts yelling buy, buy, buy! Buy this shiny red apple that is rotten on the inside. No charge for the worm. Did you puff out your chest today and buy Apple stock?

Timmy Trader bot 4 big blocks of AAPL stock on the long side and brags to pretty Emily, the new administrative assistant, in the breakroom, that he is a better trader than Jesse Livermore. Emily scoffs, laughing at the hapless idiot. Timmy Trader asks Emily why she will not go out with him. Emily flicks her hand as she leaves the breakroom laughing proclaiming that she would never date a man that did not respect neggie d. Timmy is left alone holding a cup of lukewarm coffee wondering what this neggie d and possie d stuff is?

It will be fun to watch going forward. Note today's candlestick with the long upper shadow. That tells you it was a bull versus bear battle all day long and in the end the bears won. Comically, AAPL prints a new all-time record high but the bears won the day. If you own Apple, take the money and run, otherwise, you will be known as Sapple. Keystone is not long or short AAPL and has not played it in a while. If he does trade AAPL going forward, it would be on the short side. The Apple is rotten but the Gin Blossoms are groovin' at a backyard concert gig. Hey Jealousy. All of a sudden all the neighbors want to be friends. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.