Apple Today 4/07/2017 OPEX (AAPL)
seymour_greenz • April 7th 2017 11:42:51 AM
Good Morning,
S&P Futures are down 5 with -5 Fair Value, NASDAQ Futures are down 8 with -7 Fair Value and Dow Futures are down 35 as we cap off a busy week with OPEX, unexpected missile strikes on Syria and jobs report anticipation. The situation has resulted in a mild pre-market selloff as implications of the action are being assessed. Gold is up nearly 1% and oil is up about half of that. Techwise, Bitcoin cracked the important 1200-mark earlier this morning and is currently hovering near 1190.
This morning's Economic Calendar includes: Non-farm payrolls and Wholesale Trade followed by Baker-Hughes Rig Count and Consumer Credit this afternoon and Fed's Bullard speech on Sunday: US Monetary and Economic Policy.
Sour earnings: Ruby Tuesday, Inc. (RT) is down nearly 11.5%, NQ Mobile Inc. (NQ) is down nearly 5.5% and WD-40 Company (WDFC) is down nearly 4%.
Unsurprisingly, Futures were down sharply in early morning, scraped lows shortly before 2am, then recovered into positive territory by 7:30am only to slip sharply again and are near the lows as we approach the open.
Asian markets ended mostly up. China went up 0.17%, Hong Kong went down 0.03% and Japan dropped 0.36%. European markets are down. The UK is down 0.01%, France is down 0.20% and Germany is leading the decline, down 0.58%.
Commodities are mixed this morning. Oil is up 0.43%, natural gas is down 1.32% and gold is up 0.97%. Unleaded gas is down 0.06% and heating oil is up 0.27%. Metals are up except copper. Meats are up. Cocoa, coffee, cotton, corn, wheat and soybeans are all down.
Market drops on weak jobs data, missile strikes on Syria. Job growth loses steam as US adds 98,000 in March. Oil near 1-month high after US missile strike in Syria.
NQ Mobile Inc. (NQ) reported Q4 results yesterday afternoon with an adjusted loss of 3 cents per share that missed expectations and is down nearly 5.5% in pre-market. Ruby Tuesday, Inc. (RT) announced Q3 results with an adjusted loss of 6 cents per share that missed expectations and is down nearly 11.5%. WD-40 Company (WDFC) reported Q2 results with net income of 87 cents that missed expectations and is down nearly 4%.
A leading Bearish T trade strategy is: When the 12 SMA is Below the 29 DEMA, daily bars.
AAPL looked back down the tracks at 145 from 143 yesterday, ending down 0.25% on lower than average volume. AAPL opened up at 144.29 to high volume and quickly popped to an intra-day high of 144.52 at 9:58am before slipping sharply to the mid-143 area on high volume and bouncing back to the low-144 zone by 11am on low volume. AAPL held 144 through lunchtime and into early afternoon on low volume before slipping to an intra-day low of 143.45 ahead of the close on high volume. AAPL ended the day down 36 cents at 143.66 and dropped another penny in after-hours to 143.65.
This morning in pre-market, AAPL opened lower in conjunction with Futures, scraped a low of 143.22 and then clawed back to positive territory amid iPhone 8 buzz. AAPL is currently up 3 cents at 143.69 as we approach the open.
Classic max-pain is 143. Today is OPEX. Have a good weekend with your friends and family.
Market drops on weak jobs data, missile strikes on Syria:
http://www.reuters.com/article/us-usa-stocks-idUSKBN1791R2
Job growth loses steam as US adds 98,000 in March:
https://www.nytimes.com/2017/04/07/business/economy/job-creation-unemployment-trump.html
Oil near 1-month high after US missile strike in Syria:
http://www.reuters.com/article/us-global-oil-idUSKBN17905I
Apple may delay new iPhone launch to October-November, says paper:
http://www.digitimes.com/news/a20170405PB200.html
The versatile Mac mini:
http://www.macworld.com/article/3188307/macs/in-praise-of-the-versatile-mac-mini.html
First details emerge about Microsoft's Surface Pro 5:
http://www.theverge.com/2017/4/7/15217122/microsoft-surface-pro-5-specifications-rumors
Xbox Scorpio vs. PlayStation 4 Pro:
http://www.techtimes.com/articles/204235/20170407/xbox-scorpio-vs-playstation-4-pro-which-is-more-powerful-let-the-inevitable-console-wars-begin.htm
Hyundai, Kia to recall nearly 1.5 million vehicles over engine issue:
http://www.reuters.com/article/us-hyundai-motor-recall-idUSKBN17903Z
Blue Origin has built three new rockets, may begin flying again this summer:
https://arstechnica.com/science/2017/04/blue-origin-may-begin-second-round-of-new-shepard-tests-by-late-summer/
First atmosphere spotted on nearly Earth-size exoplanet:
http://www.space.com/36368-atmosphere-found-on-nearly-earth-size-planet.html
Now is the best time to see Jupiter in the night sky:
http://www.space.com/36387-jupiter-opposition-closest-approach-skywatching.html
The Arctic Ocean is becoming more like the Atlantic Ocean:
https://www.scientificamerican.com/article/the-arctic-ocean-is-becoming-more-like-the-atlantic-ocean/
Surprisingly, octopuses and squids can rewrite their own genes:
http://www.techtimes.com/articles/204271/20170407/octopuses-and-squids-can-rewrite-their-own-genes-how-is-this-possible.htm
F.D.A. will allow 23andMe to sell genetic tests for disease risk to consumers:
https://www.nytimes.com/2017/04/06/health/fda-genetic-tests-23andme.html
Are you a night owl? It may be in your genes:
http://www.techtimes.com/articles/204260/20170407/the-night-owl-gene-this-is-why-some-people-wake-up-and-stay-up-late.htm
Today's Economic Calendar:
8:30 Non-farm payrolls
10:00 Wholesale Trade
1:00 PM Baker-Hughes Rig Count
3:00 PM Consumer Credit
11:05 PM Fed's Bullard speech on Sunday: U.S. Monetary and Economic Policy
Notable earnings this afternoon after the bell: RELL, TSRI
And on Monday before the open: ABEO, SVA