Is it time for the Apple to drop?

Do US inventory trends signal it's time for the Apple to drop?

Sticking with the inventory theme, a cutback in the production of inventories certainly bodes ill for the upcoming US GDP report on Friday. Among the weighty factors to consider: dismal regional Federal Reserve manufacturing surveys as well as a contraction in ISM manufacturing led by a plunge in new orders.

Yesterday Apple missed its earnings expectations. A big reason for their miss was a shift in inventories.

Market Vitals | 25 July 2012 ~ [http://blackswantrading.squarespace.com/storage/market-vitals/072512_mv_us_inventory_apple.pdf] ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

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