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Apple Today 1/06/2017 OPEX (AAPL)

seymour_greenz • January 6th 2017 11:17:37 AM

Good Morning,

S&P Futures are down 2 with -2 Fair Value, NASDAQ Futures are up 1 with +1 Fair Value and Dow Futures are down 22 as we wrap up our first week of 2017. A lot of economic metrics are rolling in today, and all eyes this morning were on the final Obama jobs report where total non-farm payroll employment rose by 156,000 in December, and the unemployment rate was little changed at 4.7%. Shares in Toyota (TM) slipped nearly 2% in Tokyo after the company was targeted by a tweet stating "Build plant in U.S. or pay big border tax,". On the other hand, Amgen (AMGN) is up over 4.5% in pre-market after a US District Court judge ordered competitors Sanofi (SNY) and Regeneron Pharmaceuticals (REGN) to stop selling a drug that infringes on Amgen patents.

This morning's economic calendar has a number of key reports including Non-farm payrolls, International Trade, Factory Orders and an appearance from Fed's Evans on Monetary Policy and this afternoon Baker-Hughes Rig Count and another appearance from Fed's Kaplan on Economic Outlook is expected.

The big earnings loser today is Ruby Tuesday, Inc. (RT), down over 12%.

Futures were down slightly in early morning and then popped up into lime green territory alongside the jobs report release at 8:30am and are now at the highs as we approach the open.

Asian markets ended mostly down. China dropped 0.35%, Hong Kong went up 0.21% and Japan went down 0.34%. European markets are also mostly down. The UK is up 0.04%, Germany is down 0.06% and France is down 0.41%.

Commodities are mixed this morning. Oil is up 0.86%, natural gas is down 1.25% and gold is down 0.23%. Unleaded gas is up 0.74% and heating oil is up 0.92%. Metals are down. Meats are mixed. Cocoa is up while coffee, cotton, corn wheat and soybeans are down.

US payrolls rise 156,000 as wages increase most since 2009. US trade deficit widened in November to a 9-month high.

Ruby Tuesday, Inc. (RT) reported Q2 earnings yesterday afternoon with an adjusted loss of 18 cents per share and is down over 12% in pre-market.

The Greenbrier Companies, Inc. (GBX) is up slightly after announcing Q1 results with net income of 79 cents per share this morning, missing expectations.


A leading bearish WMT trade strategy is: When the 3 SMA is Above the 25 EMA AND the 36 day Stochastics is Bullish, daily bars.


AAPL drove up through green hills yesterday, ending up 0.51% on low volume. AAPL opened at 115.90 to high volume and immediately set an intra-day low of 115.81 on relatively high volume before quickly zipping up to the upper-116 area on strong volume and setting an intra-day high of 116.87 at 9:48am on high volume. AAPL subsequently dipped sharply on moderate volume, touching red at 11:46am on moderate volume before bouncing back to near the highs just as lunch was wrapping up on mild volume. AAPL dipped again into the mid-116 area later in the afternoon on low volume and bounced back again into the close on moderate volume. AAPL ended the day up 59 cents at 116.61 and gained another 3 cents in after-hours to 116.64.

This morning in pre-market, AAPL picked up with yesterday's close and milled around in the mid to upper-116 area, scraping a pre-market low of 116 later in the morning. AAPL is currently up 2 cents at 116.63 as we approach the open.


Classic max-pain is 116. Today is OPEX. Have a good weekend with your friends and family.


US payrolls rise 156,000 as wages increase most since 2009:
https://www.bloomberg.com/news/articles/2017-01-06/u-s-payrolls-rise-156-000-as-wages-increase-most-since-2009

US trade deficit widened in November to a 9-month high:
https://www.bloomberg.com/news/articles/2017-01-06/u-s-trade-deficit-widened-in-november-to-a-nine-month-high

Stocks, dollar get lift from US wage news:
http://www.nytimes.com/aponline/2017/01/06/world/asia/ap-financial-markets.html

China aims to spend at least $360 billion on renewable energy by 2020:
http://www.nytimes.com/2017/01/05/world/asia/china-renewable-energy-investment.html

Another Verizon exec has doubts over Yahoo deal:
http://www.usatoday.com/story/tech/2017/01/05/verizon-exec-has-doubts-over-yahoo-deal/95494528/

Add J.C. Penney to the list of retailers with awful holiday sales:
http://fortune.com/2017/01/06/jcpenney-holiday-sales-stock/

Apple plans first retail store in South Korea, posts hiring notices:
http://www.reuters.com/article/us-apple-southkorea-idUSKBN14Q05X

Apple cuts Tim Cook's pay after 2016 iPhone sales numbers:
https://www.cnet.com/news/apple-tim-cook-pay-iphone-sales-2016-drop/

Apple's click wheel iPhone prototype:
http://www.theverge.com/2017/1/6/14188624/apple-prototype-iphone-ipod-click-wheel

Did Alexa just conquer CES?
https://www.wired.com/2017/01/ces-alexa-in-everything/

How much can police find out from a murderer's Echo?
http://www.theverge.com/2017/1/6/14189384/amazon-echo-murder-evidence-surveillance-data

Microsoft drives new car software push with Renault-Nissan deal:
https://www.bloomberg.com/news/articles/2017-01-06/microsoft-drives-new-car-software-push-with-renault-nissan-deal

Nissan plans to put driverless cars on streets by 2020:
http://www.computerworld.com/article/3155199/car-tech/nissan-plans-to-put-driverless-cars-on-streets-by-2020.html

T-Mobile CEO blasts rivals with 8 predictions for 2017:
http://fortune.com/2017/01/06/t-mobile-ceo-2017-predictions/

Bitcoin dips on China warning:
http://www.reuters.com/article/us-global-markets-bitcoin-idUSKBN14Q1M1?il=0

NASA finds millions of black holes in deepest x-ray image:
http://www.i4u.com/2017/01/119317/nasa-finds-millions-black-holes-deepest-x-ray-image

Newfound source of mysterious cosmic bursts poses deeper enigmas:
https://www.scientificamerican.com/article/newfound-source-of-mysterious-cosmic-bursts-poses-deeper-enigmas/

Huge Antarctic iceberg poised to break away:
http://www.bbc.co.uk/news/science-environment-38522954

Fossil fruit from 52 million years ago revealed:
http://www.bbc.com/news/science-environment-38511034

Can humans survive a zombie apocalypse?
http://www.techtimes.com/articles/191472/20170105/can-humans-survive-a-zombie-apocalypse-studies-investigate-spread-of-zombie-infection.htm

Cancer rates have dropped 25% in the past 25 years:
http://www.popularmechanics.com/science/health/a24625/cancer-rates-have-dropped/

Human brain's face recognition develops into adulthood:
http://www.newvision.co.ug/new_vision/news/1443503/human-brains-recognition-develops-adulthood-studies

Give peanut to babies early:
http://www.bbc.com/news/health-38518185


Today's Economic Calendar:
8:30 Non-farm payrolls
8:30 International Trade
10:00 Factory Orders
11:15 Fed's Evans: Monetary Policy
1:00 PM Baker-Hughes Rig Count
3:30 PM Fed's Kaplan: Economic Outlook

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