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Apple Today 11/28/2016 (AAPL)

seymour_greenz • November 28th 2016 10:20:14 AM

Good Morning,

Welcome back. S&P Futures are down 6 with -6 Fair Value, NASDAQ Futures are down 8 with +9 Fair Value and Dow Futures are down 55 as the deals roll in for Cyber Monday. The economic calendar has one player today, the Dallas Fed Manufacturing Survey up at 10:30am. Upcoming earners include Shoe Carnival, Inc. (SCVL) this afternoon and Frontline Ltd. (FRO) and Tiffany & Co. (TIF) tomorrow morning. Futures were down in early morning, slipped after 2:30am and saw recovery later in the morning, still red but closer to the highs as we approach the open.

Asian markets ended mostly up. China went up 0.46%, Hong Kong gained 0.47% and Japan went down 0.13%. European markets are down. The UK is down 0.46%, France is down 0.61% and Germany is leading the decline, down 0.77%.

Commodities are mixed this morning. Oil is up 0.78%, natural gas is up 3.03% and gold is up 0.79%. Unleaded gas is up 1.00% and heating oil is up 1.44%. Metals are up. Meats are up. Cotton and soybeans are up while cocoa, coffee, corn and wheat are down.

Dollar steadies after oil slip, stocks remain groggy. Oil prices gyrate as OPEC heavyweights head to Vienna.

This afternoon after the bell, look out for earnings from Shoe Carnival, Inc. (SCVL).

Tomorrow morning before the open, Delta Apparel, Inc (DLA), Frontline Ltd. (FRO), The Bank of Nova Scotia (BNS) and Tiffany & Co. (TIF) are expected to report.

A leading bullish TIF swing trade strategy is: When the 15 SMA is Above the 26 EMA AND the 39 day Smoothed Stochastics is Bearish, daily bars.

AAPL had a strong little week, up 3.08% on low volume. On Monday, AAPL pulse showed some kick towards 112, ending up 1.54% on low volume. On Tuesday, AAPL peaked above 112 and ended up 0.06% on light volume. On Wednesday, AAPL scraped below mid-110 and dropped 0.51% on on very low volume. On Thursday, AAPL ate some turkey and potatoes with gravy. Delicious. On the short day Friday, AAPL gained 0.49% on tiny volume. AAPL opened at 111.13 to moderate volume and quickly dipped to an intra-day low of 110.95 before bouncing back to mid-111 by 10am on relatively light volume. AAPL dipped again just before 10:30am on low volume and then forged a low-volume mini-rally to the upper-111 zone with an intra-day high of 111.86 at 12:06pm on low volume. AAPL then dipped back to mid-111 on low volume and popped back up towards 111.75 into the close. AAPL ended the day up 54 cents at 111.77 and dropped 2 cents to 111.75 in after-hours.

This morning in pre-market, AAPL opened lower in conjunction with Futures and scraped 111.15 at 6:44am and then recovered back up to 111.72 later in the morning before slipping back to mid-111 again. AAPL is currently down 39 cents at 111.40 as we approach the open.


Classic max-pain is 110.


Dollar steadies after oil slip, stocks remain groggy:
http://www.reuters.com/article/us-global-markets-idUSKBN13N00Y

Oil prices gyrate as OPEC heavyweights head to Vienna:
http://www.reuters.com/article/us-global-oil-idUSKBN13N01J

OECD urges caution over National Living Wage increase:
http://www.bbc.com/news/business-38129122

Zimbabwe note launch stokes currency fears:
http://www.bbc.com/news/business-38128236

Black Friday online sales to hit a record-breaking $3 billion, over $1 billion from mobile:
https://techcrunch.com/2016/11/25/black-friday-online-sales-to-hit-a-record-breaking-3-billion-over-1-billion-from-mobile/

With deals offered early, will shoppers buy on Cyber Monday?
http://www.chicagotribune.com/business/ct-cyber-monday-20161128-story.html

$33 Amazon Fire tablet deal extends to Cyber Monday!
http://amzn.to/2gOOx7q

Curved screens could be coming to the iPhone in 2017:
http://www.zdnet.com/article/curved-screens-could-be-coming-to-the-iphone-in-2017/

First MacBook Pro 2016 owners are reporting GPU glitches:
http://www.techtimes.com/articles/187214/20161128/first-macbook-pro-2016-owners-are-reporting-gpu-glitches-are-you-one-of-them.htm

Samsung under pressure to split company in two:
https://www.cnet.com/au/news/samsung-under-pressure-to-split-company-in-two/

BMW i3 to get battery boost:
http://www.pcmag.com/news/349876/report-bmw-i3-to-get-battery-boost

DirecTV wants you to cut the cable cord:
http://www.usnews.com/news/business/articles/2016-11-28/directv-wants-to-be-the-next-online-substitute-for-cable

Hackers are holding San Francisco's light-rail system for ransom:
http://www.theverge.com/2016/11/27/13758412/hackers-san-francisco-light-rail-system-ransomware-cybersecurity-muni

Japan kicks off AI supercomputer project:
http://www.bbc.com/news/technology-38130828

When having insurance still leaves you dangerously uncovered:
http://www.nytimes.com/2016/11/28/upshot/when-having-insurance-still-leaves-you-dangerously-uncovered.html

Massive sinkhole in Japan is showing signs of sinking again:
http://www.huffingtonpost.com/entry/massive-sinkhole-in-japan-is-showing-signs-of-sinking-again_us_583bf86be4b000af95eeb5d0

Nat Geo Mars series explores making a home on the red planet:
http://www.space.com/34830-nat-geo-mars-series-explores-making-a-home-on-the-red-planet.html

SpaceX wins NASA contract to launch ocean-surveying satellite:
http://www.theverge.com/2016/11/23/13730092/spacex-nasa-contract-surface-water-ocean-topography-swot

Physicists plan to test a new theory about the speed of light to explain what Einstein's theory can’t:
http://qz.com/846498/the-speed-of-light-is-constant-physicists-plan-to-test-a-new-theory-that-questions-einsteins-assumptions/

Living cells bind silicon and carbon for the first time:
http://www.nature.com/news/living-cells-bind-silicon-and-carbon-for-the-first-time-1.21037

Fijian ants began farming 3 million years ago:
http://www.upi.com/Science_News/2016/11/27/Fijian-ants-began-farming-3-million-years-ago/6131480277213/

Bei Bei panda cub has lemon-sized mass of bamboo removed:
http://www.bbc.com/news/world-us-canada-38114555

Netherlands culls 190,000 ducks over bird flu:
http://www.bbc.com/news/world-europe-38121658

Vietnam is latest country with high risk of Zika:
http://www.independent.co.uk/travel/news-and-advice/zika-virus-travel-vietnam-risk-treatment-asia-a7443426.html

Man with terminal lung disease finishes Seattle Marathon in under 11 hours!
http://kfdm.com/news/nation-world/man-with-terminal-lung-disease-finishes-seattle-marathon-in-under-11-hours


Today's Economic Calendar:
10:30 Dallas Fed Manufacturing Survey

Notable earnings this afternoon after the bell: HO, VNET, *SCVL*, FFHL, MNR

And tomorrow before the open: *DLA*, BERY, GASS, *FRO*, SFL, *BNS*, DSX, SOL, TNP, *TIF*, REX, MAGS, DGRLY, AVAL, NORD, MNK

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