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Apple Today - 7/06/2016 FOMC (AAPL)

seymour_greenz • July 6th 2016 09:29:24 AM

Good Morning,

NASDAQ Futures are down 29 with -28 Fair Value, S&P Futures are down 12 with -10 Fair Value and Dow Futures are down 100 on this post-July 4th Wednesday busy with economic data and FOMC minutes at 2pm. Futures were lower in early morning and briefly spiked into the green around 3:30am and then fell again to new lows later in the morning and are currently near those lows as we await the open.

Asian markets ended mostly down. China gained 0.36%, Hong Kong dropped 1.24% and Japan declined 1.85%. European markets are down sharply. The UK is down 1.61%, Germany is down 2.05% and France is leading the decline, down 2.08%.

Commodities are mostly down this morning. Oil is down 1.05%, natural gas is down 1.81% and gold is up 1.13%. Unleaded gas is down 3.07% and heating oil is down 0.66%. Metals are mixed, gold and silver are up and copper and platinum are down. Meat is mostly up. Cocoa is up while coffee, cotton, corn, wheat and soybeans are down.

Global stocks and bond yields sink as growth fears set in. Financial markets show lingering Brexit worries. Gold races to 28-month high, oil pressured as Brexit fears return.

The Greenbrier Companies, Inc. (GBX) reported Q3 earnings that beat expectations and is up over 0.5% in pre-market. On the other hand, Walgreens Boots Alliance, Inc. (WBA) announced Q3 earnings with mixed results and is down over 1.5%.

Tomorrow morning before the open, look out for earnings from PepsiCo Inc. (PEP).


AAPL had rough return from the 4th, down 0.94% on low volume with the 100 station looking a lot further down the tracks than it did on Friday. AAPL opened at 95.38 to high volume, immediately set an intra-day high of 95.40 and dropped sharply to the mid-94 area, breaking 94.5 with an intra-day low of 94.46 at 11:14am on relatively high volume. AAPL bounced back to 95 during lunchtime on low volume and then tested the mid-94 area again in early afternoon on relatively mild volume before bouncing again to 95 into the close. AAPL ended the day down 90 cents at 94.99 and gained 4 cents in after-hours to 95.03.

This morning in pre-market, AAPL picked up where yesterday's after-hours left off and then sunk lower in conjunction with Futures. AAPL fought to stay above the 94.5 line and at least has been successful at that so far. AAPL is currently down 37 cents at 94.62 as we approach the open.


Classic max-pain is 95.


Global stocks and bond yields sink as growth fears set in:
http://www.reuters.com/article/us-global-markets-idUSKCN0ZM021

Financial markets show lingering Brexit worries:
http://www.nytimes.com/2016/07/07/business/dealbook/daily-stock-market-activity.html?_r=0

Gold races to 28-month high, oil pressured as Brexit fears return:
http://www.reuters.com/article/us-global-commodities-idUSKCN0ZM09G

US trade deficit widens in May on higher oil prices:
http://www.reuters.com/article/us-usa-economy-trade-idUSKCN0ZM1AU

US home refinancing hits highest in 1.5 years as rates drop:
http://www.reuters.com/article/us-usa-economy-mortgages-idUSKCN0ZM104

Hostess bets on Twinkies:
http://www.bloomberg.com/news/articles/2016-07-06/hostess-bets-on-twinkies-as-pabst-blue-ribbon-of-junk-food

Drugstore operator Walgreens quarterly profit beats estimates:
http://www.reuters.com/article/us-walgreens-boots-results-idUSKCN0ZM10G

Macbook Pro 2016 may replace Macbook Air for good:
http://www.techtimes.com/articles/168573/20160706/macbook-pro-2016-may-replace-macbook-air-for-good.htm

Starbucks is planning another price hike starting next week:
http://time.com/4393996/starbucks-coffee-raise-prices/

Goodbye Blackberry as we knew you:
http://www.nytimes.com/2016/07/06/technology/a-sad-day-for-punchers-blackberry-to-discontinue-its-last-keyboard-phone.html

Do they take tips?
http://www.theverge.com/2016/7/6/12105010/delivery-robot-london-just-eat-starship-technologies

Duck-billed dino suffered from facial tumor:
http://www.techtimes.com/articles/168539/20160705/duck-billed-dinosaur-suffered-facial-tumor.htm

Zika vaccine:
http://www.reuters.com/article/us-sanofi-zika-idUSKCN0ZM095


Today's Economic Calendar:
7:00 MBA Mortgage Applications
8:30 International Trade
8:30 Gallup U.S. Job Creation Index
8:55 Redbook Chain Store Sales
9:00 Daniel Tarullo speech
9:45 PMI Services Index
10:00 ISM Non-Mfg Index
2:00 PM FOMC Minutes


Notable earnings this afternoon after the bell: CGEAF

And tomorrow before the open: b>*PEP*, NTIC, SNVNF, EMMS

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