If You're an Apple Supplier, Reveal Yourself

The persistent weakness and inability to hold so much as a modest bounce continues to haunt Apple, knifing below the $92 level, which we had been previously observing for Members, this morning. 

Late-last week, we looked at the AAPL suppliers for actionable short ideas, including "Lyin" CRUS, which rallied after earnings only to give up the ghost entirely now, and then some. 

In addition, other AAPL suppliers of note which are short ideas here: ADI NXPI SWKS TXN, among others. 

Below, the updated CRUS chart shows the AAPL weakness likely proving to be too much for bulls to handle.

Going forward, it will be interesting to see if the AAPL (and now NFLX) weakness brings down even mighty AMZN, as the Nasdaq sorts out its next directional move below a declining 200-day moving average. 

In the meantime, the AAPL suppliers look to be fair game for bears.