All about the mighty Apple, or?
Although it is all about Apple, the Ipad mini and the pricing of it in todays action, we still believe shorting this “panic” move in the overall market, could be costly in the short term. Vix has climbed a little to much in 3 days, many see the SPX below 1400, and the new normal is being an Apple bear. We are long term bearish, but this market could bounce quickly…confusing all these new smart shorts.
Few charts below.
the initial reaction