Apple shares are down another 3% today, with the stock trading around the $530 level. Apple has now confirmed the death cross – the 50-day moving average has moved below the 200-day moving average. This is a massive negative for this stock. As I have been writing for a very long time, Apple has lost its luster. I may consider buying it around the $400 level, if the overall economic and market environment is favorable, and if the fundamentals are still in place.