“With SOX having just seen a -16 per cent pullback, and AAPL at all-time highs, we think a bounce in SOX is likely to coincide with AAPL pulling back, at a minimum, toward its 50 DMA,” BTIG’s Krinsky wrote on Oct. 19, referring to Apple’s 50-day moving average, which is 4.7 per cent below the stock’s most recent closing price.






