Apple Showing Considerable Relative Strength To Market Weakness

 | Oct 15, 2014 01:02AM ET

Second big down day in a row for Apple (NASDAQ:AAPL) on Tuesday. However, despite general market weakness, AAPL has been showing remarkable relative strength. As long as the stock trades within the 98-103 range of the last two months, the daily trend remains neutral. Price consolidation a few dollars below all-time highs keeps my scenario of new price records soon on the table.

AAPL, daily chart(3 months):