AAPL Apple Monthly Chart; Overbot; Negative Divergence Developing Setting-Up Long-Term Top; Upper Band Violation; Price Extended

Keystone called the tops in AAPL in 2015, 2018, and 2020, but remember, as long as the MACD on the monthly is long and strong, price will recover and come back up for a matching or higher high. The chart is ugliness. Apple is on a multi-day rally with retail suckers getting involved. The stock market exists because of sucka's.

The red lines show the universal negative divergence in play, as price prints a matching high, except for the MACD that remains long and strong by a hair (green line). There are 2 days remaining in March and AAPL will probably retreat after the rally. The MACD is going to tell you in a couple days whether the long-term (months and perhaps years) top is in for Apple.

If there is a strong pullback today and tomorrow, it may be enough to turn the MACD neggie d before month-end. If so, the LT top for AAPL is now. If not, and the MACD remains as shown, Apple will still drop on a monthly basis due to the neggie d, but price will want to come up again one last time so the LT top would likely occur in June-July after a drop in April.

The upper band is violated so price needs to back kiss the middle band at 141, and rising, going forward. The lower band at 98, and rising, is also in play. Price is extended above the moving averages above nose-bleed territory desperately needing a mean reversion.

Going forward, especially if you made a lot of dough on AAPL, it is time to ditch the stock. Apple is in position now where it is likely best to sell the rallies. Keystone does not hold any position, long or short, in AAPL right now but will look to short it as time moves along. If you are a sucka that bot Apple over the last week, be aware that as the months play out, you will be a very unhappy camper. 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.

Note Added 7:00 PM EST: CNBC commentator Jim Cramer advises investors to buy secular growth stocks and considers AAPL a top pick. Joe Sixpack is probably going to follow that advice. Cramer controls a Charitable Trust that owns AAPL. Cramer must not have looked at the monthly chart. CNBC commentator Josh Brown tells investors to buy AAPL with both hands. Brown must not have looked at the monthly chart.

Note Added Thursday Morning, 3/31/22, at 9:19 AM EST: Nancy Tengler, of Laffer Tengler Investments, appears on CNBC telling folks to buy, buy, buy, calling AAPL a must-own stock. Tengler must not have looked at the monthly chart.

Note Added Tuesday Morning, 4/12.22, at 6:00 AM EST: AAPL collapses to 165.75 and is indicated lower in the pre-market. Of course it is. The dolts above never looked at the charts before making their calls. Apple falls from 180 on 3/31/22 down to 165 a -8% collapse, so far.