Apple’s earnings are due this Tuesday for the tech behemoth. Recently we had a breakout from a cup and handle pattern at 118. If you were following Trading Room then you will recall us being on the AAPL bandwagon at 111 and then selling at 119. I found the weaker than ideal volume on the cup and handle breakout questionable and closed the position accordingly and went with NFLX instead.

AAPL is a Dow Industrials component, so a continuation move on good earnings would be nice to see for the rest of the general market.

All time high: 122.44
Earnings due: 1-31-17

AAPL - APPLE Daily Chart