Apple falling ??

We don't want to turn this blog into a daytrader "pick-o-the-day" sort of thing, but this market and it's volatility calls for it.

Today we are shorting (puts) Apple Computer (AAPL). The stock is trading against it's downtrend resistance and pushing up against it's 50 MA. We shall call it a double-double negative reversal.

For the fundamentalists in the group:

Earnings were great - but in the past
Steve Jobs is still not working on a daily basis
The overall market is ugly

Trade well,

-Trader D