DailyPlay – Apple Inc (AAPL) – October 26th, 2021

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The bearish DailyPlay for Tuesday, October 26th is Apple Inc (AAPL). AAPL is part of the Technology Sector (XLK) which has experienced a 1.4% rally in the last month. Please note that this is a bearish earnings play on AAPL which will release earnings this Thursday.

Technical View

• Failing to break above $150 resistance
• Slowing momentum after a sharp rally. 
• Credit Spread collects 34.5% of vertical width. 

Fundamental View

• 14% of Apple’s production base in China has been impacted by power issues. 
• Deceleration in services y/y growth from 33% to 27%. 
• Earnings: Oct 28 (2 Days)

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