The Forbidden Fruit

Headed into earnings tomorrow after the bell, Apple is down nearly 2.7% as I write this, with the $119/$120 area above still acting as resistance.

On the daily chart, below, note the potential for a massive topping pattern still in play. Indeed, earnings should help give us insight as to whether another AMZN GOOGL gap higher awaits AAPL to negate a top, or instead if it will follow some of the blow-ups we have seen this earnings season lower.

Elsewhere, VRX is bouncing back to green, but still may be building out another bearish consolidation on its daily chart. Similar comments apply to peer HZNP in the damaged healthcare space. 

On the long side, a few names Members have been observing are still acting well in a soft tape this morning, such as DMND GLOB KITE.