Apple Today 3/13/2017 (AAPL)
seymour_greenz • March 13th 2017 12:35:06 PM
Good Morning,
Welcome back. S&P Futures are up 2 with -3 Fair Value, NASDAQ Futures are up 1 with +5 Fair Value and Dow Futures are up 21 as we prepare for a big-league market week in which the Fed is is expected to hike interest rates. Additionally, the Netherlands is holding an election and the UK may trigger formal Brexit negotiations. Techwise, the highly anticipated Bitcoin ETF was rejected last week, momentarily dropping the price below the 1,000 mark before bouncing back 250 points.
This morning's Economic Calendar includes: Labor market condition index.
The earnings winner is Del Taco Restaurants, Inc. (TACO), up over 15% on low volume.
Futures were down in early morning, struggled to even at 3am and then dipped to lows shortly after 7am before bouncing back sharply and are at the highs as we approach the open.
Asian markets ended up. China gained 0.76%, Japan went up 0.15% and Hong Kong led the advance, up 1.11%. European markets are up. Germany is up 0.17%, France is up 0.22% and the UK is leading the advance, up 0.29%.
Commodities are mixed this morning. Oil is down 0.31%, natural gas is up 1.13% and gold is up 0.12%. Unleaded gas is down 0.51% and heating oil is up 0.39%. Metals are up except platinum. Meats are mostly up. Cocoa is up while coffee, cotton, corn, wheat and soybeans are down.
Is the Fed's era of easy money ending? Oil hits 3-month lows, as US supply swells. Intel to buy Israeli driverless car-tech firm Mobileye for $15 billion.
Del Taco Restaurants, Inc. (TACO) reported Q4 results with adjusted earnings of 19 cents per share that missed expectations and is up over 15% in pre-market on low volume.
This afternoon after the bell, look out for earnings from Resource Capital Corporation (RSO).
Tomorrow before the open, HD Supply (HDS) and Volkswagen AG ADR (VLKAY) are expected to report.
A leading Bearish INTC swing trade strategy is: When the 18 SMA is Below the 37 DEMA AND the 19 DEMA is Below the 64 DEMA, daily bars.
AAPL had the first slightly sour week in a while, ending down 0.56% on low volume. On Monday, AAPL saw another spell of "dark magic", ending down 0.31%, near 139 on very low volume. On Tuesday, AAPL painted a red to green picture, ending above 139, up 0.13% on very low volume. On Wednesday, AAPL bounced around mid-139 like a yo-yo, ending down 0.33% on extremely low volume. On Thursday, AAPL dipped into 138 and bobbed, ending down 0.25% on very low volume. On Friday, AAPL landed OPEX up 0.33% on low volume. AAPL opened up at 139.25 to high volume and quickly dipped below 139 on moderate volume, scraping an intra-day low of 138.64 at 9:37am on moderate volume. AAPL bounced back above 139 and dipped again at 10:42am on moderate volume. Heading into lunch, AAPL rebounded to an intra-day high of 139.36 at 11:39am on low volume before slipping below 139 again later in lunchtime on low volume. AAPL spent the rest of the afternoon in a narrow range on low volume, managing to break over 139.25 later in the afternoon before dipping into the close. AAPL ended the day up 46 cents at 138.65 and gained 20 cents in after-hours to 139.12.
This morning in pre-market, AAPL picked up with Friday's close and then dipped to 138.63 at 6:58am despite Instinet reportedly maintaining AAPL coverage with Buy and a $135 target. AAPL is currently down 34 cents at 138.80 as we approach the open.
Classic max-pain is 130.
Is the Fed's era of easy money ending?
https://www.nytimes.com/2017/03/13/upshot/the-feds-era-of-easy-money-is-ending.html
Oil hits 3-month lows, as US supply swells:
http://www.reuters.com/article/us-global-oil-idUSKBN16K028?il=0
Intel to buy Israeli driverless car-tech firm Mobileye for $15 billion:
http://www.reuters.com/article/us-intel-mobileye-idUSKBN16K0ZP?il=0
Yahoo's Excalibur IP search, mobile and other patents valued at $740M:
https://techcrunch.com/2017/03/13/yahoos-excalibur-ip-search-mobile-and-other-patents-valued-at-740m/
5.8-inch iPhone expected to have flat display despite curved rumors:
https://www.macrumors.com/2017/03/10/iphone-8-flat-vs-curved-display-rumors/
World wide web creator Tim Berners-Lee targets fake news:
http://www.bbc.com/news/technology-39246810
Microsoft's Project Scorpio will improve games at 1080p as well as offering 4K:
https://www.extremetech.com/gaming/245737-microsofts-project-scorpio-will-improve-games-1080p-well-offering-4k
Former Atlantic City casino reportedly sold, to become huge indoor water park:
http://www.nj.com/business/index.ssf/2017/03/atlantic_club_reportedly_sold_to_group_that_wants.html
Boaty McBoatface submarine set for first voyage:
http://www.bbc.com/news/science-environment-39232973
Man pictured "humping" Fearless Girl statue unveiled on Wall Street for International Women's Day:
http://www.independent.co.uk/news/people/news/wall-street-new-york-banker-fearless-girl-statue-international-womens-day-feminism-a7625326.html
NASA just released the 1st images of the Trappist-1 system:
https://futurism.com/nasa-just-released-the-first-images-of-the-trappist-1-system/
US government tells NASA to get humans to Mars by 2033:
http://www.techspot.com/news/68481-us-government-nasa-get-humans-mars-2033.html
Belgian astronomers who found planetary system named it after beer:
http://www.cnn.com/2017/03/13/world/trappist-exoplanet-belgian-researchers/
Half of world's coral reefs lost in 3 decades, 90% expected to die by 2050:
http://www.techtimes.com/articles/201356/20170313/half-of-worlds-coral-reef-lost-in-3-decades-90-percent-expected-to-die-by-2050.htm
Scientists are close to creating a fully synthetic genome:
https://futurism.com/scientists-are-close-to-creating-a-fully-synthetic-genome/
Texas lawmaker Jessica Farrar wants men fined:
http://www.bbc.com/news/world-us-canada-39251655
Your brain may still work after you die:
http://www.techtimes.com/articles/201298/20170312/your-brain-may-still-work-after-you-die.htm
Should you ditch your crib for a cardboard box?
http://www.techtimes.com/articles/201436/20170313/ditch-the-crib-cardboard-boxes-promoted-as-key-to-safe-baby-sleep.htm
Today's Economic Calendar:
10:00 Labor market condition index
Notable earnings this afternoon after the bell: *RSO*, BREW, AFH, HIL, FENG, APRI, ENZ, PPHM, RYI, ARCX, GSVC, IRET, KMG, LMNR, AMPH, BLCM, TPVG, TLYS, REFR, GDEN, GRBK, IPAR, RELY, CYRX, CHRS, CSOFT
And tomorrow before the open: CIE, ENOC, SYNL, AP, ABCD, ALSK, TRIB, *HDS*, PETX, ATRS, HCOM, AMOT, EARS, CUI, ANCUF, BONT, DSW, VRTV, TIPT, YY, ADES, *VLKAY*, IFMI, WAC, CLRO, TLP, RDNT, RWEOY, PN, WKCMF, NEOS, SYIEF, ANFGF, ALBO, GBERY, WKHS