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SSS - Early Morning Thoughts on the Short Side for Friday, November 11th, 2011

Our two short-sale targets, AAPL and AMZN are underperforming this bizarre, manic market rally with AAPL continuing to make lower lows as it pushes further away from its 50-day moving average on the downside.

The rally today is being driven by light volume, and with AMZN and AAPL underperforming we would play them as individual stocks, paying less attention to the general market. For now we would drop our trailing stop on AAPL to 390.17 at the j65-day exponential. AMZN's stop remains 220. In either case, investors and traders can use their own stops as these are merely suggestions.


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