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Apple Today - 1/06/2016 (AAPL)

seymour_greenz • January 6th 2016 10:05:00 AM

Good Morning,

A Monday double take? NASDAQ Futures are down 93 with -84 Fair Value, Dow Futures are down 298 on the first Wednesday of 2016, packed with a full economic calendar. Futures have been "worsening" all morning as we approach the open.

Asian markets closed mixed. China gained 2.25% while Hong Kong and Japan dropped just under 1%. European markets are deep in the red today with the UK currently down 1.83%, Germany slipping 1.85% and France down the most with a 1.96% loss.

Commodities are mostly down this morning. Oil is currently down 3.45%, natural gas is down 0.69% and gold is up 0.76%. Unleaded gas is down 4.54%, heating oil is down 3.04% and the rest of energy is down. Except gold metals are down. Cocoa, corn, soybeans and wheat are down. Meat is flat. Coffee and cotton are up.

Oil slides to a new 11-year low and private-sector hiring accelerated in December to 257,000, according to ADP.

Restaurant chain Sonic (SONC) initially rallied approximately 6% after announcing earnings yesterday afternoon but quickly sold off and is currently down nearly 6% in pre-market trading this morning, of course the broader market isn't helping. Agricultural and herbicide manufacturer Monsanto Company (MON) reported this morning and is currently down under 1% after reporting a narrower than expected loss.

AAPL had a fairly optimistic open yesterday but that's where it ended as AAPL sunk under water 2.51% by the end of intra-day trading. Peaking at 105.85 on high volume within moments of the open, AAPL began a relatively high volume slide that lasted all-day. The first stop to 104 by 10am appeared it may hold after a bounce approaching 105, but at noon a huge volume drop nearly instantly brought AAPL below 103 and as low as mid-102 before another bounce attempt. Reaching the upper-103 area around 2pm on moderate volume AAPL was unable to regain 104 and slipped back towards the lows of the day on moderately high volume. AAPL closed the intra-day session down 2.64 at 102.71. After-hours further punished AAPL with a drop of 46 cents to 102.25.

This morning in pre-market, AAPL opened lower at 101.29 on high volume in conjunction with Futures and drifted down towards 100 through the morning as Futures worsened. Hitting a low of 99.66 at 5:36am, AAPL has managed to generally keep above 100 for most of pre-market and has made some ground into the mid-100 area as we approach the open. AAPL is currently down 2.29 at 100.42.


Classic max-pain is 105.


2016 starts with China worries and North Korea nuclear test:
http://www.reuters.com/article/us-global-markets-idUSKBN0UK01B20160106

Private-sector hiring accelerated in December to 257,000, ADP says:
http://www.latimes.com/business/la-fi-adp-jobs-20160106-story.html

Oil slides to new 11-year low:
http://www.reuters.com/article/us-global-oil-idUSKBN0UK04C20160106

Monsanto reports smaller than expected loss, trims outlook:
http://www.reuters.com/article/us-monsanto-results-idUSKBN0UK1LB20160106

Starboard wants changes at Yahoo:
http://www.nytimes.com/2016/01/07/business/dealbook/starboard-value-calls-for-shake-up-at-yahoo-and-shift-in-strategy.html?_r=0

Sanofi pulls plug on Mannkind inhaled insulin:
http://in.reuters.com/article/us-sanofi-mannkind-idINKBN0UJ1KO20160105

Will China hurt your portfolio in 2016?
http://time.com/money/4159614/china-slowdown-stock-market/

CES 2016 and the next Industrial Revolution:
http://www.zdnet.com/article/ces-2016-at-t-mobile-chief-sees-internet-of-things-as-next-industrial-revolution/

Intel embraces Internet of Things:
http://www.pcworld.com/article/3019557/internet-of-things/intel-embraces-internet-of-things-puts-sensors-on-everything.html

Sony shows off at CES:
http://www.cnet.com/au/news/its-all-about-the-audiophile-as-sony-shows-off-light-bulb-speaker-high-tech-turntable/

A $200 webcam?
http://www.cnet.com/uk/products/razer-stargazer/

MSI Vortex gaming PC review:
http://www.pcworld.com/article/3019127/hardware/msis-tiny-vortex-gaming-pc-takes-on-apples-mac-pro-with-two-geforce-gtx-980-gpus.html

Razer's new Blade Stealth:
http://www.pcmag.com/article2/0,2817,2497488,00.asp

Misfit Announces 2 new products:
http://www.macrumors.com/2016/01/06/misfit-ces-2016-ray-specter-activity-tracking/

Building the fridge of the future:
http://www.cnet.com/uk/news/samsungs-dilemma-how-to-future-proof-a-fridge/

Garmin At CES 2016:
http://www.techtimes.com/articles/121623/20160106/garmin-at-ces-2016-bike-friendly-smart-headset-improved-sport-watches-new-gps-systems-and-more-video.htm

Seagate's unveils Porsche drives:
http://www.techtimes.com/articles/122077/20160106/seagates-lacie-unveils-usb-c-porsche-design-drives-1tb-usb-c-chrom%C3%A9-external-ssd-at-ces-2016-video.htm

Technics SL-1200 turntable returns:
http://www.theverge.com/2016/1/5/10718234/technics-sl1200-sl1200g-sl1200gae-turntable-new-models-announced-release-date-ces-2016

Volkswagen's all-electric van:
http://www.csmonitor.com/Business/In-Gear/2016/0106/Volkswagen-BUDD-e-all-electric-van-signal-s-the-automaker-s-future

Nearby, gassy black hole discovered:
http://www.cnn.com/2016/01/06/world/black-hole-burps/

Rare, stripped black hole:
http://www.latimes.com/science/sciencenow/la-sci-sn-stripped-black-hole-intermediate-mass-20160105-story.html

Pluto vs. Charon:
http://www.forbes.com/sites/startswithabang/2016/01/05/why-are-pluto-and-charon-so-different/

Curiosity eyes sand dunes on Mars:
http://www.space.com/31529-mars-rover-curiosity-towering-sand-dunes.html

Sun's magnetic field may soon change?
http://www.upi.com/Science_News/2016/01/04/New-research-suggests-suns-magnetic-field-may-soon-change/7661451938417/

Nano-reactor pumps out hydrogen biofuel:
http://www.upi.com/Science_News/2016/01/05/Novel-nano-reactor-pumps-out-hydrogen-biofuel/8371452003034/

Virgin Galactic's plans for spaceport:
http://www.independent.co.uk/news/science/richard-branson-virgin-galactics-plans-uk-spaceport-a6794171.html

Graphene can filter nuclear wastewater:
http://www.upi.com/Science_News/2016/01/05/Graphene-filter-can-clean-nuclear-wastewater/6721452009215/

Nadine again, looking good:
http://www.worldreportnow.com/meet-nadine-the-emotionally-intelligent-robot/2858/

Chipotle sales plunge:
http://www.bloomberg.com/news/articles/2016-01-06/chipotle-says-sales-dropped-even-more-than-expected-last-quarter

Aspirin may decrease deaths from lethal prostate cancer:
http://www.techtimes.com/articles/121932/20160106/aspirin-decrease-deaths-lethal-prostate-cancer.htm

More review of the top 38 diets:
http://www.huffingtonpost.com/entry/us-news-and-world-reports-best-diets_568c39d9e4b0cad15e6252a9?utm_hp_ref=healthy-living

New twins study focuses on cancer risk:
http://www.newsweek.com/double-trouble-study-twins-reveals-lot-about-cancer-risk-412028

Drinking charges dropped against woman whose body brews alcohol:
http://www.punchng.com/drinking-charges-dropped-against-woman-whose-body-brews-alcohol/

I prefer the cedar flavor, myself:
http://www.knoxnews.com/entertainment/food-and-dining/Sams-Club-burgers-recalled-because-they-may-contain-wood-364361741.html


Today's Economic Calendar:
7:00 MBA Mortgage Applications
8:15 ADP Jobs Report
8:30 Gallup U.S. Job Creation Index
8:30 International Trade
9:45 PMI Services Index
10:00 Factory Orders
10:00 ISM Non-Manufacturing Index
10:30 EIA Petroleum Inventories
2:00 PM FOMC minutes


Notable earnings after today's close: EXFO, MG, MGCD, NAUH, RECN

And tomorrow before the open: EMMS, FINL, GBX, JCOUF, KBH, NTIC, SCHN, SIG, SNVNF, STZ, WBA

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