AAPL Weekly Chart

The wine was flowing like water in late 2013 through 2014 (green lines) as price continued higher with long and strong indicators in agreement. As of late February, AAPL was in trouble with a new higher high in price but the indicators were all negatively diverged (red lines) so a spank down occurs. The peaks in the MACD line were in line with each other which left the door open for another high in price which occurs. But a new fly in the Apple bear's ointment is the long and strong money flow over the last two months wanting to see more buoyancy in price. Thus, the door is open for one more trip higher but the money flow remains negatively diverged since last summer.

Apple's monthly chart is negatively diverged except for the MACD line still sloping higher. The expectation is that Apple, like the Nasdaq indexes, print a multi-year top over the next couple months. The SPX and Dow are already topped out and AAPL should help roll over the COMPQ and NDX. Price is extended above the moving averages in the chart above requiring a mean reversion lower. The idea would be not to buy any AAPL long and instead take profits over the coming days during May and exit. An opportunity is likely setting up to short Apple with a top probably in May; anytime in the coming weeks. It is likely prudent to short any Apple rallies here forward. 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.