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Apple Today 1/03/2017 (AAPL)

seymour_greenz • January 3rd 2017 11:00:22 AM

Good Morning,

S&P Futures are up 18 with +17 Fair Value, NASDAQ Futures are up 39 with +39 Fair Value and Dow Futures are up 129 on this first trading day of 2017. Strong Chinese economic data appears to be one piece behind an uplifting start to the year. Oil reaches highest level in 18 months as the annual CES kicks off in Las Vegas tonight.

Today's economic calendar holds PMI Manufacturing Index, ISM Manufacturing Index and Construction Spending this morning followed by Gallup US ECI in the afternoon.

Futures were up strong in early morning, peaked just after 7am and have settled shy of the highs as we approach the open.

Asian markets ended up. China went up 1.04%, Hong Kong gained 0.68% and Japan was closed. European markets are up. Germany is up 0.03%, France is up 0.49% and the UK is leading the advance, up 0.52%.

Commodities are mixed this morning. Oil is up 2.02%, natural gas is down 7.75% and gold is down 0.13%. Unleaded gas is up 1.31% and heating oil is up 1.42%. Metals are up except gold. Meats are mostly down. Cotton, corn and wheat are up while cocoa, coffee and soybeans are down.

Oil hits 18-month highs as markets eye output cuts. Asian stocks higher after upbeat Chinese factory data.

A leading bullish PFE trade strategy is: When the 10 SMA is Below the 18 EMA AND the 40 Smoothed Stochastics is Bearish, daily bars.

AAPL had a short and harsh week, ending down 0.60% on light volume. On Tuesday, AAPL shorts got a rug shake to the upper-117 area, with AAPL ending up 0.64% on extremely thin volume. On Wednesday, AAPL spiked to 118 then faced the sharks, ultimately dropping 0.43% on guppy-sized volume. On Thursday, AAPL crackled with potential energy, ending down 0.03% on teeny volume despite an early spike above 117. On OPEX Friday, AAPL ended down 0.78% on the last trading day of 2016 on moderate volume. AAPL opened at 116.65 to relatively high volume and initially popped to 117.18 on strong volume before slipping sharply down to the low-116 area. AAPL then struggled to regain 116.5 by 11:38am on low volume before slipping into lunchtime, testing the mid-115 area on moderate volume. AAPL subsequently bounced back to the upper-115 area on low volume at 1:26pm but failed to hold and slipped to the day's lows of below 115.5 at 3:52pm ahead of the close and bounced into the close on moderate volume. AAPL ended the day down 91 cents at 115.82 and slipped 27 more cents to 115.55 in after-hours.

This morning in pre-market, AAPL opened higher in conjunction with Futures and hit a pre-market high of 116.40. AAPL is currently up 40 cents at 116.22 as we approach the open.


Classic max-pain is 115.


Oil hits 18-month highs as markets eye output cuts:
http://www.reuters.com/article/us-global-oil-idUSKBN14N00L

Asian stocks higher after upbeat Chinese factory data:
http://www.usnews.com/news/business/articles/2017-01-02/stocks-start-2017-with-gains-but-many-markets-stay-shut

Computer outage disrupts customs at US airports:
http://www.cnn.com/2017/01/02/americas/us-customs-computer-outage/

German inflation jumps to fastest since 2013 on oil prices:
https://www.bloomberg.com/news/articles/2017-01-03/german-inflation-jumps-to-fastest-since-2013-on-oil-price-surge

Intel seeking indirect stake in mapping firm HERE:
http://www.reuters.com/article/us-intel-here-equity-idUSKBN14N0RN

Apple sued over fatal "FaceTime crash":
http://www.bbc.com/news/technology-38496174

AirPods reset fixes charging case battery issues for some, but issues persist for others:
http://www.macrumors.com/2017/01/02/airpods-reset-charging-case/

GM under Twitter attack over Chevy Cruze production:
http://www.reuters.com/article/us-usa-trump-gm-idUSKBN14N11K

Bitcoin digital currency hits 3-year high of $1,000:
http://www.bbc.com/news/business-38495804

A smart home scoreboard for CES 2017:
https://www.cnet.com/news/a-smart-home-scoreboard-for-ces-2017/

More on CES 2017:
http://www.theverge.com/ces/2017/1/3/14113036/twitter-vergecast-how-to-watch-facebook-ces-2017

MIT study says 3,000 ride-sharing cars could replace every cab in New York City:
http://www.theverge.com/2017/1/2/14147286/mit-research-nyc-taxi-carpool-uber-lyft

SpaceX completes rocket explosion investigation, aims for January 8 launch:
http://www.space.com/35198-spacex-rocket-explosion-january-8-launch-date.html

NASA's latest plan for housing astronauts on Mars is ice homes:
http://www.csmonitor.com/Science/2017/0102/NASA-s-latest-plan-for-housing-astronauts-on-Mars-ice-homes

Why did dinosaurs die out when other creatures survived?
http://www.wired.co.uk/article/dinosaur-eggs-incubation

World's oldest known killer whale Granny dies:
http://www.bbc.com/news/science-environment-38496164

Bill and Melinda Gates back an implant that could prevent HIV:
https://www.engadget.com/2017/01/02/bill-and-melinda-gates-invest-in-hiv-prevention-implant/

10 strategies to save money on the gym:
https://www.washingtonpost.com/lifestyle/wellness/10-strategies-to-save-money-on-the-gym/2016/12/30/17e3f226-be59-11e6-91ee-1adddfe36cbe_story.html

Parents welcome New Year's twins born minutes apart, in different years:
http://abcnews.go.com/Lifestyle/parents-years-twins-born-minutes-years/story?id=44511141


Today's Economic Calendar:
9:45 PMI Manufacturing Index
10:00 ISM Manufacturing Index
10:00 Construction Spending
2:00 PM Gallup US ECI


Notable earnings tomorrow before the open: UNF

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