Apple Today 4/10/2017 (AAPL)
seymour_greenz • April 10th 2017 11:42:50 AM
Good Morning,
Welcome back. S&P Futures are up 2 with +2 Fair Value, NASDAQ Futures are up 3 with +6 Fair Value and Dow Futures are up 13 as we begin a short and hopefully sweet week on a relatively positive note - all things considered. Oil continues to rise towards $56 on Libyan field shutdown and Syria events. Techwise, the Labor Department accuses Google of underpaying women and Bitcoin is holding above the 1,200-line, seeing prices as high as 1,220 this morning.
This morning's Economic Calendar includes: Labor market condition index and PM TD Ameritrade IMX followed by Results of $24B, 3-Year Note Auction and a speech from Janet Yellen this afternoon.
Futures were up solidly in early morning, then withered into negative territory at 6am, putting in a bottom and bouncing shortly after and are again in the green as we approach the open.
Asian markets ended mixed. China dropped 0.52%, Hong Kong went down 0.02% and Japan gained 0.71%. European markets are down. The UK is down 0.05%, Germany is down 0.14% and France is leading the decline, down 0.48%.
Commodities are mixed this morning. Oil is up 1.17%, natural gas is up 0.52% and gold is down 0.60%. Unleaded gas is up 0.49% and heating oil is up 0.74%. Metals are down. Meats are mostly down. Cotton, corn, wheat and soybeans are up while cocoa and coffee are down.
Oil continues to rise towards $56 on Libyan field shutdown and Syria events.
Tomorrow morning before the open, Bank of the Ozarks (OZRK) is expected to report.
A leading Bearish UAL trade strategy is: When the 34-day Smoothed Stochastics is Bullish, daily bars.
AAPL had a recently rare weak week... ending down 0.22% on low volume. On Monday, AAPL floated on the mid-143 line, ending up 0.03% on low volume. On Tuesday, AAPL branched up to the upper-144 area, ending up 0.74% on low volume. On Wednesday, The AAPL mountain peaked at mid-145, ending down 0.52% on moderate volume. On Thursday, AAPL looked back down the tracks at 145 from 143, ending down 0.25% on lower than average volume.
On Friday, AAPL ended OPEX down 0.22% on very light volume. AAPL opened at 143.66 and quickly made a dash for 144, hitting an intra-day high of 144.18 at 9:38am on relatively strong volume before slipping sharply to the low-143 area on moderate volume. AAPL swiftly bounced back to green and recovered 144 by 10:40am on moderate volume. AAPL dipped again ahead of lunchtime on low volume and then touched 144 just before 1pm on low volume before slipping drastically to an intra-day low of 143.28 on low volume, stepping up the volume into the close. AAPL ended the day down 32 cents at 143.34 and gained 9 more cents in after-hours to 143.43.
This morning in pre-market, AAPL opened higher in conjunction with Futures and hit a pre-market high of 143.95 early before settling in the mid-143 area as Piper Jaffray maintained AAPL coverage with Overweight and a Target of $155. AAPL is currently up 19 cents at 143.53 as we approach the open.
Classic max-pain is 141.
Oil continues to rise towards $56 on Libyan field shutdown and Syria events:
http://www.reuters.com/article/us-global-oil-idUSKBN17C02S?il=0
Wells Fargo to claw back $75 million from former executives:
https://www.nytimes.com/2017/04/10/business/wells-fargo-pay-executives-accounts-scandal.html?_r=0
Tesla tops GM by market value:
https://www.bloomberg.com/news/articles/2017-04-10/tesla-passes-gm-as-musk-s-carmaker-becomes-america-s-top-valued
Could Galaxy Note 8 be the hottest phone of 2017?
http://www.tomsguide.com/us/galaxy-note-8-rumors,news-24851.html
Google wants LG's bendable OLED for next Pixel phone:
http://www.zdnet.com/article/google-wants-lg-bendable-oled-for-next-pixel-phone-report/
US Labor Department accuses Google of "systematically" underpaying female employees:
https://news.vice.com/story/us-labor-department-accuses-google-of-systematically-underpaying-female-employees
Indian man accused in multimillion-dollar call-center swindle is held:
https://www.nytimes.com/2017/04/08/world/asia/indian-man-accused-in-multimillion-dollar-call-center-swindle-is-held.html
Hackers use IRS data retrieval tool to steal millions:
http://www.tomshardware.com/news/irs-data-retrieval-tool-hacked,34098.html
Ransomware demands you play impossibly hard game:
http://www.pcmag.com/news/352953/ransomware-demands-you-play-impossibly-hard-game
Tim Berners-Lee bemoans spread of "nasty" ideas on social media:
http://fortune.com/2017/04/10/tim-berners-lee-social-media-nasty/
Big asteroid to fly safely past Earth on April 19th:
http://www.space.com/36404-asteroid-2014-jo25-earth-flyby-coming-april-19.html
Event horizon telescope may help solve black hole information paradox:
http://www.techtimes.com/articles/204342/20170408/event-horizon-telescope-may-help-solve-black-hole-information-paradox.htm
Is the Great Barrier Reef at "terminal stage"?
https://www.theguardian.com/environment/2017/apr/10/great-barrier-reef-terminal-stage-australia-scientists-despair-latest-coral-bleaching-data
The genetic trait that makes octopuses so smart is just as ingenious as they are:
https://qz.com/953020/octopuses-and-some-other-cephalopods-may-get-their-intelligence-from-their-ability-to-edit-their-own-genes/
When globalization brings brain-invading worms:
https://www.theatlantic.com/health/archive/2017/04/when-globalization-brings-brain-invading-worms/522153/
Injecting virus into brain may relieve Parkinson's symptoms:
https://www.newscientist.com/article/2127440-injecting-virus-into-brain-may-relieve-parkinsons-symptoms/
I'll pass on the nightmare salad:
http://www.bbc.com/news/world-us-canada-39556826
Today's Economic Calendar:
10:00 Labor market condition index
12:30 PM TD Ameritrade IMX
1:00 PM Results of $24B, 3-Year Note Auction
4:10 PM Janet Yellen speech
Notable earnings this afternoon after the bell: MTSC, SEAC, LAYN, SLP, STRM, OSN
And tomorrow before the open: CCNI, *OZRK*