Pre-election
Apple Short for pre-election sell-off.Apple is a gift at these prices (115+)... to short.
Historically, September - November has been a horrible time to be long in the market during an election year (going back to the 1940's).
To say AAPL has been a little frothy this week is an understatement. This should be seen as a gift to either book profits and/or short at this price and time. We had a taste of what could happen last Friday, the next 7 weeks will most likely be much worse.
This weekly chart shows what happened at this time just before the last election.
Target 90.
