Apple Today 12/28/2016 (AAPL)
seymour_greenz • December 28th 2016 11:27:53 AM
Good Morning,
S&P Futures are up 6 with +2 Fair Value, NASDAQ Futures are up 16 with +11 Fair Value and Dow Futures are up 36 as we get nearer to Dow 20k again. However, Toshiba (TOSYY) stock is going the other way - dropping another 20% today among losses attributed to its takeover of a nuclear business last year. Qualcomm (QCOM) is facing a $865 million fine after finding it had violated South Korea's competition laws.
This morning's economic calendar features Redbook Chain Store Sales and Pending Home Sales.
Futures were up in early morning, steadily gained steam throughout the morning and are near the highs as we approach the open.
Asian markets ended mixed. China dropped 0.40%, Hong Kong gained 0.83% and Japan went down 0.01%. European markets are also mixed. The UK is up 0.46%, Germany is down 0.01% and France is down 0.04%.
Commodities are mixed this morning. Oil is down 0.17%, natural gas is down 1.41% and gold is up 0.11%. Unleaded gas is down 0.13% and heating oil is up 0.05%. Metals are mixed, gold and copper are up while silver and platinum are down. Meats are mixed. Cotton is up while cocoa, coffee, corn, wheat and soybeans are down.
Dow targets 20,000 as dollar gains with gold. Dollar stirs from slumber as yield gap yawns.
A leading bullish FEYE trade strategy is: When the 19 SMA is Below the 31 DEMA AND the 8 day Smoothed Stochastics is Bearish, daily bars.
AAPL shorts got a rug shake to the upper-117 area yesterday, with AAPL ending up 0.64% on extremely thin volume. AAPL opened at 116.52 to moderately high volume and immediately put in an intra-day low of 116.49 on relatively high volume before quickly shooting up to the upper-117 area on high volume. Soon after, AAPL set an intra-day high of 117.80 on moderate volume at 10am before drifting down towards mid-117 afterwards. AAPL made another attempt at the upper-117 area shortly after 11:30am on low volume and then dipped below 117.5 on very low volume during lunchtime. AAPL clung to mid-117 in early afternoon on little volume and then slipped towards low-117 towards the end of the day on very low volume, dropping to 117.25 into the close on moderate volume. AAPL ended the day up 74 cents at 117.26 and remained flat in after-hours at 117.26.
This morning in pre-market, AAPL opened higher in conjunction with Futures and dipped below 117.25 before marching back up to a pre-market high of 117.75 at 8:37am on a report from Flurry Analytics that 44% of new device activations were Apple devices and news that AAPL short interest dropped by 13 million shares within the past 2 weeks. AAPL is currently up 31 cents at 117.57 as we approach the open.
Classic max-pain is 116.
Dow targets 20,000 as dollar gains with gold:
https://www.bloomberg.com/news/articles/2016-12-27/most-asian-futures-tip-gains-as-trading-stays-thin-markets-wrap
Pending US existing-home sales fall on higher mortgage rates:
https://www.bloomberg.com/news/articles/2016-12-28/pending-u-s-existing-home-sales-fall-on-higher-mortgage-rates
Dollar stirs from slumber as yield gap yawns:
http://www.reuters.com/article/us-global-markets-idUSKBN14H00H
3 men accused of $4m US cyber fraud:
http://www.bbc.com/news/world-us-canada-38448941
Toshiba's record fall highlights US nuclear cost nightmare:
https://www.bloomberg.com/news/articles/2016-12-27/toshiba-finds-u-s-nuclear-renaissance-a-nightmare-for-costs
Apple dominates holiday devices activations:
http://www.usatoday.com/story/tech/news/2016/12/28/research-apple-dominates-holiday-devices-activations/95905378/
Why it's time for Apple to come clean about the iPhone battery:
http://fortune.com/2016/12/27/apple-iphone-6-battery-problem/
Apple's first research paper tries to solve a problem facing every company working on AI:
http://qz.com/873043/apples-first-research-paper-tries-to-solve-a-problem-facing-every-company-working-on-ai/
The first HomeKit smart bulb that doesn't need a hub:
https://www.cnet.com/products/sylvania-smart-multicolor-led-homekit-enabled/preview/
5 underrated Microsoft announcements that could change the world:
http://www.pcworld.com/article/3153403/data-center-cloud/see-this-years-top-5-underrated-microsoft-announcements.html
Google Search will no longer tell you that the Holocaust didn't happen... sort of:
http://www.theverge.com/2016/12/26/14083308/google-holocaust-denial-search-results-algorithm-change-removal
7 TV trends to expect at CES 2017:
https://www.cnet.com/news/ces-2017-expected-tv-trends/
Murder detectives sought Amazon Echo data:
http://www.bbc.com/news/technology-38450658
Samsung's latest robot vacuum cleans via voice commands:
https://www.cnet.com/products/samsung-powerbot-vr7000/preview/
LG reveals "speaker necklace":
http://www.pcmag.com/news/350634/lg-tone-studio-is-a-speaker-for-your-neck
Ford to reveal new Fusion Hybrid autonomous development vehicle:
https://www.cnet.com/roadshow/news/ford-to-reveal-new-fusion-hybrid-autonomous-development-vehicle-at-ces/
The year in science, gravity waves, lab-grown bones and bullet-shredding foam:
http://newatlas.com/top-science-stories-2016/47118/
Wolverine-inspired material could help robots self-heal:
http://newatlas.com/self-healing-ionic-conductor-artificial-muscles/47120/
The "Big One" is coming in 2017:
http://www.usatoday.com/story/tech/nation-now/2016/12/27/big-one-coming-2017-total-solar-eclipse/95889736/
China be the first to reach the far side of the moon:
http://www.csmonitor.com/Science/2016/1227/Could-China-be-the-first-to-reach-the-far-side-of-the-moon
NASA ponders where to land on Mars in 2020:
http://www.space.com/35132-nasa-mars-2020-landing-site-progress.html
Sci-fi Korean robot is real:
http://www.popularmechanics.com/technology/robots/a24512/korean-robot-sci-fi/
Ant-like bees among newly discovered desert species:
http://www.upi.com/Science_News/2016/12/27/Ant-like-bees-among-newly-discovered-desert-species/4241482866635/
Heart disease, diabetes lead in US health care spending:
http://www.upi.com/Health_News/2016/12/27/Heart-disease-diabetes-lead-in-US-health-care-spending/1741482860278/
How dangerous is Zika for babies?
http://www.npr.org/sections/goatsandsoda/2016/12/28/506727887/how-dangerous-really-is-zika-for-babies
A Zika vaccine is coming... for you?
http://www.nytimes.com/2016/12/28/opinion/a-zika-vaccine-but-for-whom.html
A Dutch clinic may have fertilized the eggs of 26 women with the wrong sperm:
http://time.com/4618730/netherlands-clinic-in-vitro-fertilization-wrong-sperm/
Today's Economic Calendar:
8:55 Redbook Chain Store Sales
10:00 Pending Home Sales
11:30 Results of $13B, 2-Year FRN Auction
1:00 PM Results of $34B, 5-Year Note Auction