With today's swoon in AAPL we may be looking at a longer term trend in the making.
At the same time AMZN looks poised to jump forward in the aftermath of Harvey, Maria et al...and we're not done yet with hurricane season.
Assuming no NOKO nukes or other apocalyptic scenarios these are the risk forecasts for APPL and AMZN as of Monday. So far the Apple is playing out according to forecast.
Current odds favor a Long AMZN, short AAPL pair trade.
For those unfamiliar with the PONZO models, check here.