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Apple Today - 9/16/2016 OPEX (AAPL)

seymour_greenz • September 16th 2016 09:39:11 AM

Good Morning,

NASDAQ Futures are down 14 with -14 Fair Value, S&P Futures are down 8 with -10 Fair Value and Dow Futures are down 62 as we make our way to the weekend via Friday OPEX and iPhone 7 hits the shelves. Futures were up in early morning and took a turn right around 4am, dipping into the red before bouncing back slightly and are currently down but off the lows as we approach the open.

Asian markets were mostly closed. China and Hong Kong were closed for the day following the Chinese Mid-Autumn Festival and Japan gained 0.70%. European markets are mostly down, with the UK as the exception. The UK is up 0.54%, Germany is down 0.76% and France is leading the decline, down 1.06%.

Commodities are mostly down this morning. Oil is down 1.66%, natural gas is down 1.71% and gold is down 0.03%. Unleaded gas is down 0.28% and heating oil is down 0.93%. Metals are down. Meat is up. Coffee and cotton are up while cocoa, corn, wheat and soybeans are down.

US consumer prices increased more than forecast in August. Deutsche Bank to fight $14 billion demand from US authorities. Russian central bank cuts key rate for second time this year.

Oracle Corporation (ORCL) reported Q1 earnings results with adjusted earnings of 55 cents per share that missed expectations and is down nearly 3% in pre-market.

AAPL took off like a rocket yesterday, ending up 3.42% on nearly 2.5x of average volume. AAPL opened up at 113.67 to huge volume and again nearly instantly set an intra-day low of 113.56 on huge volume before launching up over 114 within minutes and then aiming towards 115 by 10am, also on incredibly heavy volume. After flying up to the upper-114 area, AAPL broke through 115 and into the mid-115 area on strong volume before pulling back slightly to the upper-114 area again just ahead of lunchtime on high volume and then spent the rest of the early afternoon winding around the 115-line on moderate but tapering volume until 3pm when AAPL revisited the mid-115 area again, quickly dipped towards the low-115 area on moderately high volume and then rallied into the close, setting an intra-day high of 115.73 at 3:57 on heavy volume. AAPL ended the day up 3.82 at 115.59 and dropped 18 cents in after-hours to 115.41.

This morning in pre-market, AAPL opened lower and dipped to the 115-area before riding a wave of optimistic news including a price target raise from Cannacord. AAPL surfed up to a pre-market high of 115.98 and then to a low of 114.72 before bouncing back. AAPL is currently down 27 cents at 115.30 as we approach the open.


Classic max-pain is 108. Today is OPEX. Have a good weekend with your friends and family.


US consumer prices increased more than forecast in August:
http://www.bloomberg.com/news/articles/2016-09-16/consumer-prices-in-u-s-increased-more-than-forecast-in-august

Deutsche Bank to fight $14 billion demand from US authorities:
http://www.reuters.com/article/us-deutsche-bank-mortgages-idUSKCN11L2VQ

Russian central bank cuts key rate for second time this year:
http://in.reuters.com/article/us-russia-cenbank-rates-idINKCN11M12H

Wells Fargo faces scrutiny over lack of sales scandal disclosure:
http://in.reuters.com/article/wells-fargo-accounts-disclosure-idINL2N1BR2C9

After 4 months of gains, retail sales slip 0.3%:
http://www.nytimes.com/2016/09/16/business/economy/after-4-months-of-gains-retail-sales-slip-0-3.html

Boehner joins tobacco company board:
http://www.upi.com/Top_News/US/2016/09/16/John-Boehner-joins-tobacco-company-board/2731474010159/

No iPhone 7 Plus? No problem on Apple launch day:
https://www.cnet.com/news/iphone-7-worldwide-launch-day/

How to master the new iPhone 7 and iPhone 7 Plus:
http://www.theverge.com/2016/9/16/12934702/iphone-7-plus-ios-10-how-to-user-guide-new-features

How the FBI could have hacked the San Bernardino shooter's iPhone:
https://www.wired.com/2016/09/heres-fbi-hacked-san-bernardino-shooters-iphone/

Microsoft bets that battery claims will boost Edge:
http://www.computerworld.com/article/3120516/web-browsers/microsoft-bets-that-battery-claims-will-boost-edge.html

Amazon will use stocking stuffers to take over your home:
https://www.cnet.com/news/amazon-will-use-stocking-stuffers-to-take-over-your-smart-home-echo-dot-fire-tablet/

HBO, Cinemax headed to PlayStation Vue:
http://www.pcmag.com/news/347915/hbo-cinemax-headed-to-playstation-vue

Arctic sea ice shrinks to second lowest level ever:
http://www.cnn.com/2016/09/16/weather/arctic-sea-ice-shrinking/

6,000-year-old fabric reveals Peruvians were dyeing textiles with indigo long before Egyptians:
http://www.latimes.com/science/sciencenow/la-sci-sn-oldest-indigo-dye-20160915-snap-story.html

Mars hosted lakes, snowmelt-fed streams much later than previously thought:
http://www.upi.com/Science_News/2016/09/15/Mars-hosted-lakes-snowmelt-fed-streams-much-later-than-previously-thought/6661473966661/

China launches second experimental space lab module:
http://www.reuters.com/article/us-china-space-idUSKCN11L21E

Brain cancer now deadliest cancer for Amercan children:
http://www.techtimes.com/articles/177935/20160916/cancer-deaths-in-us-brain-cancer-now-deadliest-cancer-for-amercan-children.htm

For early prostate cancer, a watchful eye is just as good as treatment:
http://arstechnica.com/science/2016/09/for-early-prostate-cancer-a-watchful-eye-is-just-as-good-as-treatment/

Early menopause linked with heart risk:
http://www.nytimes.com/2016/09/20/well/live/early-menopause-linked-with-heart-risk.html

Pass me the weights, and a good joke:
http://www.upi.com/Health_News/2016/09/16/Older-adults-benefit-from-laughter-during-exercise-programs/6151474024165/


Today's Economic Calendar:
8:30 Consumer Price Index
10:00 Consumer Sentiment
1:00 PM Baker-Hughes Rig Count
4:00 PM Treasury International Capital


Notable earnings on Monday before the open: LITB

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