Apple earnings tonight : Exp. USD 1,65/share

Apple stock has performed quite well recently : +24,50% since May bottom, 22,90% since last earnings report on July 26th  and we have a 20,5% profit since purchase in Virt Portfolio.  On the last 6 earnings announcements Apple stock gapped 4 times down the session after, 1 time up and 1 session was neutral. With recent performance one might consider that good news ( New Iphone 7 sales , Samsung problems, .. ) are already « in » and booking a profit of 20% has never hurted.

On the technical side stock is approaching the 70 level zone RSI where we saw most of the times in last 18 months 5 to 15% stock reaction down. MACD daily is negative (not relevant at this stage in my opinion ) and one can notice a negative stock/momentum divergence.

Tech Sector Versus OTHER US Sectors = OVERBOUGHT   :

techSource : The Bespoke Investment Group

ACTION : Sell at current price of USD 117,90. I am convinced that even if we attend a surge of stock price after tonight’s earnings we will be able to buy it back later at a cheaper price : note the wide USD 90 – 130 trading range in last 2 years )