According to TheStreet.com, AAPL rallied on Tuesday because it was raising money through debt. "Apple hopes to raise between $1 billion and $1.2 billion in its first debt issuance on the island, where many of its suppliers, such as Foxconn, are based." (TheStreet.com) As we should know, as companies leverage up, it usually means they have positive NPV projects. Also, the yield is pretty good, which reflects AAPLs supreme rating. I don't think AAPL actually needs to leverage up with all its cash, but some sources point to this as more a financial "finagling" than funding for projects. "The bond is one of a number used by Apple to raise money to fund its stock buyback program and pay dividends while keeping its offshore stash of $233B out of the country to avoid the taxes that would be incurred by repatriating it." (9to5mac.com) At the end of it, price action will reflect whether traders will anchor AAPL higher after this news. Let's take a look at the chart.AAPL Daily Chart 6/8(click to enlarge)100 is indeed a key level and we are seeing some selling here the two times AAPL came up to this level in the past couple of weeks. It would be more important as an indicator of a bearish outlook. A break above might not open up a bullish outlook just yet, but if price holds under 100, we should anticipate further decline towards 90 and maybe even lower. Here at 100, we are seeing the 100- and 50-day simple moving averages. Meanwhile, the daily RSI has rebounded back to 60, if it can hold under 60, it reflects maintenance of the bearish momentum, which suggests downside risk. IF the RSI breaks above 60 and price pushes above 100, we can say that AAPL is not bearish, but we would not be able to say it is bullish just yet. The appropriate assessment would probably be a "neutral" or "sideways" market. A break above 106 might be needed to open up a bullish outlook from its current bearish-consolidation mode.