SSS - AAPL potential LSFB Set-Up on a 50-dma Failure
AAPL is teetering at its 50-dma. A high-volume breach of the line is a shortable event, using the $400 level as a quick stop. We've been nursing a short position in AAPL this a.m., which is often difficult to do in the face of a big gap-down since a good chunk of downside is already built into the trade and one risks a snap-back against them in such a situation, but a clean, high-volume breach of the 50-dma would be potential confirmation of such a short-sale trade.
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