Apple Stock Looks Very Bearish

AAPLE STOCK LOOKS VERY BEARISH – Seems like the run up in Apple stock has gone a little big over-board. Now don’t go sending us hate emails Apple fans out there (we are one too!) but let’s face it, the stock is due for a major pull-back here. Notice the breakouts of the major trendlines in black. We expect AAPL to fall here soon into a more comfortable support area. Therefore, selling Calls right now would be worth the time decay investment.