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Apple Today 12/29/2016 (AAPL)

seymour_greenz • December 29th 2016 10:41:57 AM

Good Morning,

S&P Futures are up 2 with +2 Fair Value, NASDAQ Futures are up 3 with +1 Fair Value and Dow Futures are up 7 as we shake off a nasty left hook from the market yesterday. Sprint confirms it will "create or bring back to America" 5,000 jobs, mostly in customer care and sales. Toshiba (TOSYY) stock dropped again in Tokyo trading, this time another 17%. On the other hand, auto parts maker Takata (TKTDY) popped up 16.5% on news that the company is close to settling with the US Department of Justice over its deadly airbags.

Today's economic calendar is action-packed with Initial Jobless Claims, International trade in goods, Consumer Comfort Index, Natural Gas Inventory, Petroleum Inventories this morning and Farm Prices, the Fed Balance Sheet and Money Supply following this afternoon.

Futures were up in early morning, took a brief dip into the red at 3am, bouncing back later in the morning and are setting new highs as we approach the open.

Asian markets ended mostly down. China dropped 0.20%, Hong Kong went up 0.17% and Japan went dropped 1.32%. European markets are down a bit. The UK is down 0.10%, France is down 0.15% and Germany is leading the decline, down 0.23%.

Commodities are mixed this morning. Oil is down 0.24%, natural gas is down 0.87% and gold is up 0.54%. Unleaded gas is up 1.47% and heating oil is up 0.58%. Metals are up. Meats are up. Coffee, cotton, corn, wheat and soybeans are up while cocoa is down.

Market opens little changed. Jobless claims in US decline for a 3rd week in last 4.

A leading bullish BAC trade strategy is: When the 19 SMA is Above the 48 DEMA AND the 8 day Stochastics is Bearish, daily bars.

AAPL spiked to 118 then faced the sharks yesterday, ultimately dropping 0.43% on guppy-sized volume. AAPL opened up at 117.52 to high volume and then quickly popped up above 118 to set an intra-day high of 118.02 at 9:34am on relatively high volume. AAPL then began a slide underwater to 117 on moderate volume, scraping the upper-116 area at 10:54am on mild volume before bouncing back to tag green before lunchtime. AAPL continued to weaken through lunchtime and lurked around in a narrow range in the upper-116 area in early afternoon on negligible volume. AAPL dunked to a low of 116.20 at 3:42pm on mild volume before bouncing slightly into the close on low volume. AAPL ended the day down 50 cents at 116.76 and lost another 11 cents in after-hours to 116.65.

This morning in pre-market, AAPL opened higher in conjunction with Futures and dipped to the mid-116 area before bouncing back to the upper-116 area as news Indian officials will meet early next week to evaluate Apple's incentives to manufacture in India. AAPL is currently down 16 cents at 116.60 as we approach the open.


Classic max-pain is 116.


Market opens little changed:
http://www.reuters.com/article/us-usa-stocks-idUSKBN14I159?il=0

Jobless claims in US decline for a 3rd week in last 4:
https://www.bloomberg.com/news/articles/2016-12-29/jobless-claims-in-u-s-decline-for-a-third-week-in-last-four

Dow drops more than 100 as another run at 20,000 fails:
http://www.usatoday.com/story/money/markets/2016/12/28/wah-well-never-get-dow-20k-seems-like/95913132/

US trade deficit rises to $65.3 billion in November:
http://www.usatoday.com/story/money/2016/12/29/us-trade-deficit-rises-653b-nov/95952826/

Nvidia falls as Citron Research says stock "belongs at $90":
https://www.bloomberg.com/news/articles/2016-12-28/nvidia-falls-after-short-seller-says-stock-should-drop-to-90

Dentsu CEO resigns after overworked employee commits suicide:
http://money.cnn.com/2016/12/29/news/ceo-resign-employee-suicide-dentsu/

How China built "iPhone City":
http://www.nytimes.com/2016/12/29/technology/apple-iphone-china-foxconn.html

An iPhone's journey:
http://www.nytimes.com/2016/12/29/technology/iphone-china-apple-stores.html?_r=0

It's a bird... It's a plane... It's an Amazon flying warehouse!
http://www.bbc.com/news/technology-38458867

Bid for access to Amazon Echo audio in murder case raises privacy concerns:
http://www.nytimes.com/2016/12/28/business/amazon-echo-murder-case-arkansas.html

Microsoft 2016 tech report card:
http://www.theverge.com/2016/12/29/14093278/2016-microsoft-year-in-review-surface-studio-windows

Windows 10 "game mode" discovered:
http://www.pcmag.com/news/350661/windows-10-game-mode-discovered

Samsung unveils Quantum Dot curved monitors:
http://www.pcmag.com/news/350662/samsung-unveils-quantum-dot-curved-monitors

Watch Tesla's autopilot appear to avoid a highway collision:
http://fortune.com/2016/12/29/tesla-autopilot-collision-crash-avoid/

"Giant rooster" welcomes China's New Year:
http://time.com/4619394/donald-trump-china-rooster-lunar-new-year-inflatable/

NASA photo reveals Saturn's moon Pandora in full glory:
http://www.space.com/35153-saturn-moon-pandora-cassini-nasa-photo.html

Strange clouds linger on Saturn's moon Titan:
http://www.cbsnews.com/news/clouds-on-saturns-moon-titan/

NASA's Curiosity Rover spots purple rocks on Mars:
http://www.space.com/35161-curiosity-rover-spots-purple-rocks-mars.html

2016 has extra "leap second" because of ocean waves:
http://www.techtimes.com/articles/190570/20161229/2016-extra-leap-second-longer-because-of-ocean-waves.htm

How climate change transformed the Earth in 2016:
http://www.cbsnews.com/news/climate-change-global-warming-transformed-the-earth-in-2016/

Wolverine inspires design of self-healing material that conducts electricity:
http://www.techtimes.com/articles/190270/20161227/x-mens-wolverine-inspires-design-of-self-healing-material-that-conducts-electricity.htm

Hispanic students on what happened after "build a wall" chant filmed at their school went viral:
http://nymag.com/thecut/2016/12/hispanic-teens-viral-build-a-wall-chant-royal-oak-middle-school.html

Medical device cyber-safety rules issued by US watchdog:
http://www.bbc.com/news/technology-38458864

Carrie Fisher's death highlights the reality of heart disease in women:
http://www.huffingtonpost.com/entry/carrie-fisher-heart-attack-symptoms-women_us_58630bc9e4b0de3a08f68f4b

Flu widespread in New York State, health officials say:
http://www.newsday.com/news/health/flu-widespread-in-new-york-state-health-officials-say-1.12818850

Breath test detects cancer and 16 other diseases:
https://www.engadget.com/2016/12/29/simple-breath-test-can-detect-cancer-and-16-other-diseases/

Experimental brain cancer treatment is a success:
http://time.com/4618566/brain-cancer-treatment-immunotherapy/

One resolution that could help you save money and eat better:
http://www.huffingtonpost.com/entry/cook-more_us_585c15f3e4b0de3a08f475d9


Today's Economic Calendar:
8:30 Initial Jobless Claims
8:30 International trade in goods
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
11:00 EIA Petroleum Inventories
1:00 PM Results of $28B, 7-Year Note Auction
3:00 PM Farm Prices
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

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