Apple Today - 07/09/2015 (AAPL)
seymour_greenz • July 9th 2015 09:23:09 AM
NASDAQ Futures are up substantially, +50 with +55 Fair Value, Dow Futures are up 171. This rally can be traced to some combination of China rebound, bear exhaustion, contrarian jobless data and Max Profit.
After a brutal day yesterday with AAPL sliding down over 3 points and over 2% there are signs of a reversal this morning. In pre-market, AAPL opened up quite a bit higher along with the Futures and has since been floating in the high 123s reaching a high of 124.14 at 7:14am. AAPL eased back down slightly from the pre-market high and is currently up 1.43 to 124. Some of this enthusiasm can be attributed to cheerful market conditions and optimism on early details of the iPhone 6s release.
Classic max pain comes in again at 126.
Jobless claims come in higher than expected:
http://www.bloomberg.com/news/articles/2015-07-09/more-americans-than-forecast-filed-jobless-claims-last-week
NYSE computer glitch investigation continues:
http://abcnews.go.com/US/questions-linger-nyse-united-wsj-glitches/story?id=32323213
Record order size for iPhone 6s:
http://tech.firstpost.com/news-analysis/apple-plans-largest-ever-production-of-iphones-orders-90-million-devices-273414.html
IBM makes a tiny breakthrough:
http://www.bbc.com/news/technology-33460913
Today's economic calendar:
Chain Store Sales
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
12:30 PM Fed's George: Monetary policy and Economic Outlook
1:00 PM Results of $13B, 30-Year Note Auction
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
Notable earnings after today's close: VOXX, PSMT, HELE, LEDS