As AAPL approaches 526, again, its trailing PE become 14.98 (15). In relation to its patterned trading dynamic, that multiple removes current market inefficiency. (Even if you believe the stock is its own asset class.) The set up is interesting for a short-term short. Factor in the above, with overbought conditions, the stock can push back toward its supporting SMAs or 500.
Fundamentally, I still believe the market needs to flush out the margin hit from the MMI acquisition. Technically, Google is already struggling at current levels. (If Google breaches the 50SMA, that would be bullish, and change its trading dynamic for the better.)
Looking to go long AAPL as it consolidates, and enter Google options near its 85SMA.