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Apple Today 12/13/2016 (AAPL)

seymour_greenz • December 13th 2016 11:04:43 AM

Good Morning,

S&P Futures are up 8 with +6 Fair Value, NASDAQ Futures are up 20 with +11 Fair Value and Dow Futures are up 73 on this December Tuesday as the final monthly FOMC meeting for 2016 kicks off and investors and traders alike anxiously await the resulting announcement on Wednesday with almost as much anticipation as the new Star Wars film releasing this Friday.

Aside from the big FOMC meeting starting, the economic calendar has Small Business Optimism, Import/Export Prices and Chain Store Sales reporting this morning.

Earnings stinker VeriFone Systems, Inc. (PAY) is down over 2% after missing Q4 expectations.

Futures were down slightly in early morning and went up steadily throughout the morning, peaking at 7:56am and are now just off the highs as we approach the open.

Asian markets ended up. China gained 0.07%, Hong Kong went up 0.06% and Japan led the advance, up 0.50%. European markets are also up. Germany is up 0.54%, France is up 0.58% and the UK is leading the advance, up 0.58%.

Commodities are mixed this morning. Oil is up 0.38%, natural gas is up 1.25% and gold is down 0.33%. Unleaded gas is up 1.04% and heating oil is up 0.25%. Metals are down, except platinum. Meats are up. Cocoa, coffee, cotton and soybeans are up while corn and wheat are down.

Dow, S&P hit record highs as Fed meeting in focus. Oil demand to grow more swiftly, too early to assess global output cut. UK inflation at 2-year high as clothing prices rise.

VeriFone Systems, Inc. (PAY) reported Q4 results that missed expectations and is down over 2%.

This afternoon after the bell, look out for earnings from Nordson Corporation (NDSN) and ABM Industries Incorporated (ABM).

A leading bullish DIA swing trade strategy is: When the 13 SMA is Above the 28 DEMA AND the 40 day Stochastics is Bearish, daily bars.

AAPL had a cloudy day yesterday, ending down 0.57% on low volume. AAPL opened lower at 113.19 to high volume and dipped sharply to mid-112 on high volume before bouncing back above 113 and then slipping again to an intra-day low of 112.49 at 10:34am on moderate volume. AAPL quickly bounced back to 113 again on mild volume and remained in a narrow range in the upper-112 zone for the rest of the afternoon, breaking just above in the final 30 minutes on moderate volume. AAPL ended the day down 65 cents at 113.30 and dropped 17 more cents in after-hours to 113.13.

This morning in pre-market, AAPL opened lower and scraped a pre-market low of 113.01 before propelling up into the mid and upper-113 area on bearish confidence comments for 2017 by Citi. AAPL is currently up 47 cents at 113.80 as we approach the open.


Classic max-pain is 115. The December FOMC meeting begins today.


Dow, S&P hit record highs as Fed meeting in focus:
http://www.reuters.com/article/us-usa-stocks-idUSKBN1421BE

Oil demand to grow more swiftly, too early to assess global output cut:
http://www.reuters.com/article/us-iea-oil-idUSKBN1420SF

UK inflation at 2-year high as clothing prices rise:
http://www.bbc.com/news/business-38300919

Tech execs to meet with Trump:
http://money.cnn.com/2016/12/11/technology/donald-trump-tech-meeting/

As oil prices go, so go gas prices, AAA says:
http://www.upi.com/As-oil-prices-go-so-go-gas-prices-AAA-says/6311481628291/

Bill Gates leads new fund as fears of US retreat on climate grow:
http://www.nytimes.com/2016/12/12/business/energy-environment/bill-gates-breakthrough-energy-ventures.html

Will Apple perform in 2017?
https://www.cnet.com/news/apple-in-2017-biggest-year-ever/

Apple's wireless AirPods are now on sale:
http://www.theverge.com/2016/12/13/13935538/apple-airpods-wireless-iphone-earbuds-on-sale

Google is no longer developing its own self-driving car:
http://www.theverge.com/2016/12/13/13933140/google-self-driving-car-fiat-chrysler-partnership

Google acquires smartwatch OS startup Cronologics founded by ex-employees:
http://arstechnica.com/gadgets/2016/12/google-acquires-smartwatch-os-startup-cronologics-founded-by-ex-employees/

Google strikes deal to store data in Cuba:
http://www.theverge.com/2016/12/13/13934642/google-cuba-data-youtube-gmail-internet-access

Group chat comes to Snapchat just in time for the holidays:
http://www.theverge.com/2016/12/13/13935568/snapchat-new-group-chat-feature

Cuisinart recalls 8 million food processors after reports of blade breaking off:
http://www.today.com/food/cuisinart-recalls-8-million-food-processors-after-reports-blade-breaking-t105907

Watch the Geminid meteor shower streak across the sky:
http://time.com/4598333/geminid-meteor-shower-livestream-online-super-moon/

Cassini beams back first images from new orbit:
https://www.nasa.gov/feature/jpl/cassini-beams-back-first-images-from-new-orbit

Scientists think they've found a planet with weather so hot, its clouds are vaporized jewels:
http://qz.com/860871/scientists-looking-at-data-from-nasas-kepler-spacecraft-think-theyve-found-weather-on-the-exoplanet-hat-p-tb/

Rapid rise in methane emissions in 10 years surprises scientists:
https://www.theguardian.com/environment/2016/dec/12/rapid-rise-methane-emissions-10-years-surprises-scientists

World's largest reindeer herd plummets:
http://www.bbc.com/news/science-environment-38297464

One in 6 American adults say they have taken psychiatric drugs, report says:
http://www.nytimes.com/2016/12/12/health/one-in-6-american-adults-say-they-have-taken-psychiatric-drugs-report-says.html

Sharp rise in drug withdrawal symptoms in rural-born babies:
http://time.com/4598010/babies-drug-withdrawal-symptoms-pregnancy/

Socially isolated breast cancer patients fare worse, study says:
http://www.cnn.com/2016/12/13/health/breast-cancer-social-ties/index.html

More than 200 million new cases of Malaria in 2015:
http://time.com/4596881/malaria-who-report-africa/


Today's Economic Calendar:
FOMC meeting begins
6:00 NFIB Small Business Optimism Index
8:30 Import/Export Prices
8:55 Redbook Chain Store Sales
1:00 PM Results of $12B, 30-Year Note Auction

Notable earnings this afternoon after the bell: RICK, *NDSN*, HEI, *ABM*, CRDS, BPMX, HOLL

And tomorrow before the open: FSFR, IEC, MTTRY, TUNG

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