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Apple Today - 6/10/2016 OPEX (AAPL)

seymour_greenz • June 10th 2016 09:28:57 AM

Good Morning,

NASDAQ Futures are down 31 with -30 Fair Value, S&P Futures are down 13 with -13 Fair Value and Dow Futures are down 99 on this OPEX Friday. Futures were down slightly early this morning and took a significant tumble after 2:30am until bottoming after 5am and are now near the lows as we await the open.

Asian markets ended down. China was closed, Hong Kong dropped 1.2% were closed and Japan declined 0.40%. European markets are down sharply today. The UK is down 1.92%, Germany is down 2.28% and France is down 2.02%.

Commodities are mixed this morning. Oil is down 1.29%, natural gas is down 1.49% and gold is down 0.04%. Unleaded gas is down 0.85% and heating oil is down 0.82%. Metals are mixed. Meat is up. Coffee, corn and soybeans are up while cocoa, cotton and wheat are down.

Markets to open lower for second day as oil retreats. Global stocks slip as Brexit jitters feed Bund bonanza. Stocks retreat with oil as record-low bond yields point to angst.

H&R Block Inc. (HRB) reported Q4 earnings yesterday afternoon that topped expectations and is up nearly 4.5% in pre-market.

AAPL "bobbed" up from the 99 water-line yesterday, ending the day with a gain of 0.72% on low volume. AAPL opened down at 98.5 to moderate volume and immediately set an intra-day low of 98.46 on moderately high volume before bobbing up to the upper-99 area and peaking at 99.99 in early afternoon trading at 1:20pm on light volume. Although 100 appeared very "alluring" more than once, AAPL never made it and foundered around the upper-99 area for the rest of the day. AAPL ended the day up 71 cents at 99.65 and then gained 3 cents in after-hours to end at 99.68.

This morning in pre-market, AAPL opened lower in conjunction with Futures, dipped to the upper-98 area and then gravitated back to the 99 line with surge above and then below 99. AAPL is currently down 71 cents at 98.94 as we approach the open.


Classic max-pain is 99. Today is OPEX. Have a good weekend with your friends and family.


Markets to open lower for second day as oil retreats:
http://www.reuters.com/article/us-usa-stocks-idUSKCN0YW18I

Global stocks slip as Brexit jitters feed Bund bonanza:
http://www.reuters.com/article/us-global-markets-idUSKCN0YW02N

Stocks retreat with oil as record-low bond yields point to angst:
http://www.bloomberg.com/news/articles/2016-06-09/futures-tip-more-asian-stock-declines-as-dollar-unsettles-crude

Thomas Perkins, tech financier who funded Google, dies at 84:
http://www.bloomberg.com/news/articles/2016-06-09/thomas-perkins-venture-capitalist-who-funded-google-dies-at-84

The 4 biggest announcements Apple is about to make:
http://time.com/4359218/apple-wwdc-2016-ios-10-rumors/

Man walks out of Apple Store with 19 iPhones by dressing like an employee:
http://www.theverge.com/2016/6/10/11901466/iphone-stolen-dressed-like-employees

Google parent wants to beam wireless internet to your home:
http://www.cnet.com/news/google-parent-alphabet-wants-to-beam-wireless-internet-to-your-home/

Facebook launches video replies for comments:
http://www.cnet.com/au/news/facebook-launches-video-replies-for-comments/

Now you can Uber up to 30 days in advance:
http://www.techtimes.com/articles/164119/20160610/uber-now-allows-passengers-to-schedule-rides-up-to-30-days-in-advance.htm

Tesla says there is no safety defect in its Model S or X:
http://www.reuters.com/article/us-tesla-safety-idUSKCN0YW0OB

Wendy's says breach was "considerably" bigger than it thought:
http://www.bloomberg.com/news/articles/2016-06-09/wendy-s-says-breach-was-considerably-bigger-than-it-thought

Hacker allegedly selling data for millions of Twitter accounts:
http://www.cnet.com/news/twitter-hacker-selling-information-on-millions-of-accounts-report-says/

Sony confirms PS4 console upgrade, but it won't be at E3:
http://www.theverge.com/2016/6/10/11902092/sony-playstation-4-neo-upgrade-confirmed

Are Time Warner Cable Internet speeds "abysmal"?
http://arstechnica.com/business/2016/06/time-warner-cable-internet-speeds-are-abysmal-ny-ag-claims/

Experiment "turns waste CO2 to stone":
http://www.bbc.com/news/science-environment-36494501


Today's Economic Calendar:
10:00 Consumer Sentiment
1:00 PM Baker-Hughes Rig Count
2:00 PM Treasury Budget


Notable earnings this afternoon after the bell: AMLP, ADAT, DGCRF, LUB, MFRI

And on Monday before the open: KUTV, LITB, SAIC, SYUT, MESG

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