I started to write a bearish post on AMZN when it occurred to me that the market might be short term oversold. Yesterday (5/18/12) was monthly options expiration and stocks tend to get oversold on expiration day. Sure enough, RSI and Slow Stochastics on AAPL are oversold. I love AAPL but I am afraid to buy more until AAPL hits the 200 day moving average which is currently $455. A drop below the 200 dma would signal massive selling and close the gap between $420 and $450. I recommend openning a June 500 - 535 bull put spread for a $13 credit.