Apple Falls Far From The Tree

Looks like another bad start to the trading day, and bulls can only hope that today’s outcome is as positive as yesterday’s.

We’ll find out in a bit over seven hours when the curtains close on the S&P 500’s second trading day of 2019.

What a difference three months makes. Following last night’s warning, AAPL is indicated to open down 8.5% versus yesterday’s close and 38% from its 52-week high exactly three months ago today.

To put that decline in perspective, AAPL is now down as much from its high as Facebook (FB) is from its all-time high last July.