Apple Today 1/30/2017 (AAPL)
seymour_greenz • January 30th 2017 11:54:16 AM
Good Morning,
S&P Futures are down 15 with -11 Fair Value, NASDAQ Futures are down 22 with -15 Fair Value and Dow Futures are down 110 on this last Monday of January as an executive travel ban on 7 Muslim-majority nations creates turmoil and protests. It's no surprise that travel stocks have been hit hard among the confusion.
This morning's economic calendar includes: Personal Income and Outlays, Pending Home Sales and Dallas Fed Manufacturing Survey.
Futures were down harshly in early morning and attempted a recovery shortly before 3:15am, only to slip sharply after 7:30am and are near the lows as we approach the open.
Asian markets ended down. China and Hong Kong were closed for Chinese New Year, and Japan dropped 0.51%. European markets are down. The UK is down 0.83%, Germany is down 0.78% and France is leading the decline, down 0.89%.
Commodities are mostly down this morning. Oil is down 0.11%, natural gas is down 2.86% and gold is up 0.27%. Unleaded gas is down 0.42% and heating oil is down 0.01%. Metals are mixed, gold and silver are up while copper and platinum are down. Meats are mostly up. Cocoa, coffee, cotton, corn, wheat and soybeans are all down.
Shares fall, dollar dips vs yen after travel ban curbs. US consumer spending rises solidly, inflation firming.
This afternoon after the bell, look out for earnings from Rambus, Inc. (RMBS) and Integrated Device Technology, Inc. (IDTI).
Tomorrow morning before the open, Harley-Davidson, Inc. (HOG), Under Armour, Inc. Class C (UA), Xerox Corporation (XRX), Coach, Inc. (COH), 1-800 FLOWERS.COM, Inc. (FLWS), Nasdaq Inc. (NDAQ), Nomura Holdings, Inc. (NMR), Thermo Fisher Scientific Inc. (TMO), Aetna, Inc. (AET), MasterCard Incorporated (MA), United Parcel Service, Inc. (UPS), Exxon Mobil Corporation (XOM), Pfizer Inc. (PFE), Sprint Corporation (S) and Valero Energy Corporation (VLO) are expected to report.
A leading Bullish XOM swing trade strategy is: When MACD experiences a Bearish crossover with settings of Fast 2, Slow 33 and Signal 11, daily bars.
AAPL had a strong week, ending up 1.43% on low volume. On Monday, AAPL heartbeat pulsed at 120, ending up 0.07% on very low volume. On Tuesday, AAPL bobbed and lured on the 120 water line in a tight range, ending down 0.09% on low volume. On Wednesday, AAPL floated up to 122, ending up 1.59% on average volume. On Thursday, AAPL ticked along the 122-line, squeaking up 0.05% on relatively low volume. On Friday, AAPL hit the OPEX target with a gain of 0.01% on low volume. AAPL opened up at 122.14 to high volume and popped to122.35 at 9:32am on high volume before slipping back towards 122 and then bouncing back up near the intra-day highs again near 10 am on moderate volume before heading to 122 again by 11am on low volume. AAPL traded in a narrow range through lunch until 1:30pm and then slipped to the upper-121 zone on low volume and set an intra-day low of 121.60 at 2:16pm on mild volume before darting towards 122 into the close on moderate volume. AAPL ended the day up a penny at 121.95 and dropped 40 cents in after-hours to 121.55.
This morning in pre-market, AAPL opened lower with Futures and scraped a pre-market low of 120.88 at 4:49am before bouncing back later in the morning. AAPL is currently down 87 cents at 121.08 as we approach the open.
Classic max-pain is 120.
Shares fall, dollar dips vs yen after travel ban curbs:
http://in.reuters.com/article/us-global-markets-idINKBN15D17N
US consumer spending rises solidly, inflation firming:
http://www.reuters.com/article/us-usa-economy-spending-idUSKBN15E1GK
US pending home sales jump in December:
http://www.reuters.com/article/us-usa-economy-housing-idUSKBN15E1QO
German inflation nears 2% as ECB pushes stimulus for all:
https://www.bloomberg.com/news/articles/2017-01-30/german-inflation-at-highest-since-2013-puts-ecb-in-spotlight
Fitbit cutting 6% of workforce as results miss estimates:
https://www.bloomberg.com/news/articles/2017-01-30/fitbit-plummets-after-report-of-job-cuts-weak-fourth-quarter
Walgreens and Rite Aid cut deal price:
https://www.bloomberg.com/news/articles/2017-01-30/walgreens-and-rite-aid-agree-to-cut-deal-price-sell-more-stores
Sony takes $1 billion charge on movie business:
http://www.bbc.com/news/business-38793254
Citigroup to exit mortgage servicing, sell $97 billion portfolio:
https://www.bloomberg.com/news/articles/2017-01-30/citigroup-plans-to-exit-mortgage-servicing-by-end-of-next-year
5 things we learned from listening to Bill Gates and Warren Buffett:
http://time.com/4652551/bill-gates-warren-buffett/
GM and Honda plunge $85M into hydrogen fuel cell push:
https://www.cnet.com/roadshow/news/gm-honda-hydrogen-fuel-cell-manufacturing-push/
Will iPhone 7 break Apple's losing streak?
https://www.cnet.com/news/apple-iphone-7-plus-first-quarter-2017-earnings/
Apple removes tool that let you check for stolen iPhones:
http://www.theverge.com/2017/1/30/14438282/apple-removes-activation-lock-tool-icloud-com
Clues on Windows 10 Cloud release:
http://www.zdnet.com/article/microsofts-coming-windows-10-cloud-release-may-have-nothing-to-do-with-the-cloud/
Starbucks unveils a virtual order assistant:
https://techcrunch.com/2017/01/30/starbucks-unveils-a-virtual-assistant-that-takes-your-order-via-messaging-or-voice/
Scientists find "oldest human ancestor":
http://www.bbc.com/news/science-environment-38800987
Scientists may have cracked the code of metallic hydrogen:
http://www.csmonitor.com/Science/2017/0127/Solved-Scientists-may-have-cracked-the-code-of-metallic-hydrogen
"Alien" insect in amber prompts scientists to add whole new branch to family tree:
http://www.csmonitor.com/Science/2017/0127/Alien-insect-in-amber-prompts-scientists-to-add-whole-new-branch-to-family-tree
Scientists create "time crystals":
http://www.popularmechanics.com/science/a24957/time-crystals/
The moon may be covered with oxygen beamed from Earth:
https://www.theatlantic.com/science/archive/2017/01/moon-oxygen/514928/
Space travel may lead to gene changes:
http://www.techtimes.com/articles/195139/20170130/space-travel-may-lead-to-gene-changes-nasa-twin-study-on-astronauts-scott-and-mark-kelly-reveals.htm
50 years ago tragedy strikes the space program:
http://time.com/4644044/50-years-ago-apollo-1/
France bans unlimited sugary drink refills:
http://www.bbc.com/news/world-europe-38767941
Breath test could save lives by diagnosing deadly cancers earlier:
http://www.telegraph.co.uk/news/2017/01/30/breath-test-could-save-lives-diagnosing-deadly-cancers-earlier/
Eeek! I think I'll pass on that sushi cart today...
https://www.aol.com/article/news/2017/01/28/doctors-remove-6-foot-long-tapeworm-from-patient-through-his-mou/21702324/
Today's Economic Calendar:
8:30 Personal Income and Outlays
10:00 Pending Home Sales
10:30 Dallas Fed Manufacturing Survey
Notable earnings this afternoon after the bell: *RMBS*, SFBS, GGG, PKG, BHLB, CNXC, CR, HTLF, SANM, UDR, FBR, LARK, BOFI, HEOP, PFG, RGA, LEG, AEIS, ARE, CIOXY, GGP, *IDTI*, NBN, CORT, TESS, TRNS, WERN, TKAGY
And tomorrow before the open: CAC, SF, OCDGF, IEX, *HOG*, DHR, MAN, NUE, *UA*, OFG, *XRX*, ALLY, AXE, CNX, *COH*, CPLP, *FLWS*, GK, HUBB, LLY, PCAR, PCH, PNR, SPG, TWIN, UPMKF, WDR, *NDAQ*, *NMR*, NS, NSH, ALGT, *TMO*, *AET*, CIT, *MA*, *UPS*, ZBH, BSAC, CNHI, *XOM*, AUDC, HCA, *PFE*, RYAM, *S*, SMG, SNBC, *VLO*, TMHC, GFF, ABC, NTCT, MMYT, CRVL, GVDNY, KYO, TTDKY