Apple Short

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OK, I need to talk about something – anything – to get Hillary's face off the top of Slope. So it'll be AAPL.

I've got puts on this, and I might get some more at these levels. I like how this price has broken its major trendline, fallen hard, and now has retraced to close its gap.

Here's a closer view.

It was weird to see the headline "Worst GDP in Six Years" this morning with a gain on the Dow next to it. Oh, well. As of this writing (only about 40 minutes into the open), it looks like the SPX and NDX are down, and the Dow has whithered away to just about flat. Naturally I always worry that the bad news is already priced in!