Apple Cuts Guidance

Apple (APPL) issued a Q1 2019 revenue warning last night and the share price has undercut the 2018 lows which is very bearish. The bigger issue for the stock market is that the APPL warning gives license for any company with exposure to China to issue guidance lower.

This warning is a canary in the coal mine for the stock market so we are positioning ourselves accordingly the short side.

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