Apple Today 1/09/2017 (AAPL)
seymour_greenz • January 9th 2017 10:17:28 AM
Good Morning,
Welcome back. S&P Futures are down 1 with -1 Fair Value, NASDAQ Futures are up 4 with +4 Fair Value and Dow Futures are down 20 as we kick off the first full week of trading in 2017. US stock futures are mixed following a record-setting Friday while McDonald's (MCD) is selling off most of its China business in a deal worth as much as $2.1 billion. Fiat Chrysler (FCAU) may see some upside after announcing a $1 billion investment to expand factories in Ohio and Michigan, creating 2,000 new US jobs.
Labor market condition index is on this morning's economic calendar, followed this afternoon by TD Ameritrade IMX, Fed's Lockhart speech and Consumer Credit at 3pm.
Futures were up in early morning, peaked before 3am and began slipping, reaching a low just ahead of 6:45am, bouncing slightly and are near the lows as we approach the open.
Asian markets ended up. Japan was closed, Hong Kong gained 0.25% and China led the advance, up 0.54%. European markets are mostly down. The UK is up 0.25%, Germany is down 0.49% and France is down 0.67%.
Commodities are mixed this morning. Oil is down 2.02%, natural gas is down 2.83% and gold is up 0.67%. Unleaded gas is down 1.87% and heating oil is down 1.57%. Metals are up except copper. Meats are mostly down. Cocoa, coffee and cotton are up while corn, wheat and soybeans are down.
Dollar regains traction while sterling gets a Brexit bashing. Oil down on concerns rising US production could dampen output cut deal.
This afternoon after the bell, look out for earnings from WD-40 Company (WDFC) and Barracuda Networks, Inc (CUDA).
A leading bullish CMG trade strategy is: When the 17 EMA is Above the 60 SMA AND the 10 day Smoothed Stochastics is Bearish, daily bars.
AAPL had a good start to 2017, ending up 1.8% on a short week with low volume. On Tuesday, AAPL bounced on the upper-115 water line, splashing up 0.28% on relatively low volume. On Wednesday, AAPL spent most of the day in the green at the low-116 area and ended on a slightly cloudy note, down 0.11% on very low volume. On Thursday, AAPL drove up through green hills towards 117, ending up 0.51% on low volume. On OPEX Friday, AAPL launched into space, ending up 1.11% on slightly lower than average volume. AAPL opened up at 116.78 to high volume and immediately set an intra-day low of 116.47 before claiming 117 within minutes on heavy volume and heading towards upper-117 by 10am on strong volume. AAPL continued to drift higher ahead of lunchtime and set an intra-day high of 118.16 at 12:26pm before dipping into the upper-117 area again by 1:30pm on low volume. For the remainder of the countdown, AAPL orbited around 118 on light volume and dipped slightly into the close on moderate volume, ending slightly below 118. AAPL ended the day up $1.30 at 117.91 and shed 12 cents in after-hours to 117.79.
This morning in pre-market, AAPL opened up higher in conjunction with Futures and dipped to a pre-market low of 117.49 before bouncing back up to a pre-market high of 118.27 later in the morning. AAPL is currently up 2 cents at 117.93 as we approach the open.
Classic max-pain is 116.
Dollar regains traction while sterling gets a Brexit bashing:
http://in.reuters.com/article/us-global-forex-idINKBN14S0XN
Oil down on concerns rising US production could dampen output cut deal:
http://www.reuters.com/article/us-global-oil-idUSKBN14T01E
McDonald's sells most of China, HK business to CITIC, Carlyle for $2.1 billion:
http://www.reuters.com/article/us-mcdonalds-china-citic-idUSKBN14T0FH
Apple on track to launch three new iPads in spring 2017, but none of them mini:
http://appleinsider.com/articles/17/01/08/apple-on-track-to-launch-three-new-ipads-in-spring-2017-but-none-of-them-mini
iPhone 2007, meet 2017:
https://www.cnet.com/news/using-the-2007-iphone-in-2017/
Google's new self-driving minivans will be hitting the road at the end of January 2017:
http://www.theverge.com/2017/1/8/14206084/google-waymo-self-driving-chrysler-pacifica-minivan-detroit-2017
Nintendo Switch price could be set at around $250 in the US:
http://www.techtimes.com/articles/191802/20170109/nintendo-switch-price-could-be-set-at-around-250-in-the-us.htm
Is Alexa the future?
http://arstechnica.com/gadgets/2017/01/ces-2017-alexa-ai-oled/
Astronomers predict a “red nova†will brighten our skies in 2022:
http://arstechnica.com/science/2017/01/astronomers-predict-a-red-nova-will-brighten-our-skies-in-2022/
SpaceX prepares for another rocket launch:
http://www.abc.net.au/radionational/programs/breakfast/spacex-prepares-for-another-rocket-launch/8169076
NASA's Mars orbiter captures stunning view of Earth, Moon:
http://timesofindia.indiatimes.com/home/science/nasas-mars-orbiter-captures-stunning-view-of-earth-moon/articleshow/56421616.cms
MIT scientists develop super-light, super-strong structure:
http://www.csmonitor.com/Science/2017/0108/MIT-scientists-develop-super-light-super-strong-structure
Human-driven global warming is biggest threat to polar bears, report says:
http://www.nytimes.com/2017/01/09/science/polar-bears-global-warming-climate-change.html
The future of our coral reef and implications of the Paris Agreement:
http://www.nature.com/articles/srep39666
China's new $360 billion renewable energy plan:
http://www.csmonitor.com/Environment/2017/0107/Can-China-s-new-360B-renewable-energy-plan-stop-Airpocalypse
Mental health reforms to focus on young people:
http://www.bbc.com/news/uk-politics-38548567
IBM's Watson Health, Illumina team up on genomics sequencing, cancer research:
http://www.zdnet.com/article/ibms-watson-health-illumina-team-up-on-genomics-sequencing-cancer-research/
Hour-long nap after lunch boosts brain function:
http://www.i4u.com/2017/01/119377/hour-long-nap-after-lunch-boosts-brain-function
Today's Economic Calendar:
10:00 Labor market condition index
12:30 PM TD Ameritrade IMX
12:40 PM Fed's Lockhart speech
3:00 PM Consumer Credit
Notable earnings this afternoon after the bell: SHLM, *WDFC*, SLP, *CUDA*, VOXX, APOL, GLBL
And tomorrow before the open: MRWSF