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Apple Today 1/11/2017 (AAPL)

seymour_greenz • January 11th 2017 10:30:00 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 up 2 as we hit mid-week. A President-elect press conference is scheduled for today. The US Senate will also hold a hearing today on the nomination of former ExxonMobil (XOM) CEO to be the next secretary of state. Merck (MRK) is up over 3% after announcing that the Food and Drug Administration is reviewing a license for its lung cancer treatment, Keytruda. Candy-bar maker Mars announced it's buying VCA, a pet health care business, in a multi-billion dollar deal.

This morning's earnings calendar includes MBA Mortgage Applications, Atlanta Fed's Business Inflation Expectations and EIA Petroleum Inventories followed by a speech from the Fed's Dudley this afternoon.

Futures were down in early morning and clawed back to positive territory before 5am, peaking at 7am only to slip to near-lows by 8am and are now near the lows as we approach the open.

The big earnings flop was SUPERVALU Inc. (SVU), down over 7% in pre-market.

Asian markets ended mostly up. China dropped 0.79%, Hong Kong gained 0.84% and Japan went up 0.33%. European markets are up. The UK is up 0.26%, France is up 0.01% and Germany is leading the advance, up 0.29%.

Commodities are mixed this morning. Oil is up 0.63%, natural gas is up 0.52% and gold is up 0.19%. Unleaded gas is up 1.46% and heating oil is up 0.78%. Metals are down except gold. Meats are up. Coffee and cotton are up while cocoa, corn, wheat and soybeans are down.

Global stocks and dollar firmer as PE news conference approaches. Bitcoin slides as China's central bank launches checks on exchanges.

SUPERVALU Inc. (SVU) reported Q3 results with adjusted earnings of 5 cents per share that missed expectations and is down over 7% in pre-market.

This afternoon after the bell, look out for earnings from KB Home (KBH).

Tomorrow morning before the open, FuelCell Energy, Inc. (FCEL), Delta Air Lines, Inc. (DAL), Taiwan Semiconductor Manufacturing Company Ltd. (TSM), Infosys Limited, Inc. (INFY) and Advanced Drainage Systems (WMS) are expected to report.

A leading bullish DAL trade strategy is: When the 13 SMA is Below the 15 SMA AND the 33 day Smoothed Stochastics is Bullish, daily bars.

AAPL set over the 119 horizon yesterday, ending up 10% on relatively low volume. AAPL opened at 118.77 to high volume and quickly dipped sharply to an intra-day low of 118.30 on strong volume before bouncing and turning green shortly after 11am on mild volume. AAPL continued on to set an intra-day high of 119.37 at 11:40am on moderate volume before slipping towards the low-119 area and dipping into the upper-118 area at 2pm on mild volume. AAPL bounced back to the low-119 area and ended the day up 12 cents at 119.11 and added 7 cents in after-hours to 119.18.

This morning in pre-market, AAPL opened lower in conjunction with Futures and scraped a pre-market low of 118.75 before bouncing back slightly. Buzz of Tesla (TSLA) hiring the creator of Apple's open-source pioneer indicating that Tesla is focusing on improving its Autopilot software. AAPL is currently down 25 cents at 118.86 as we approach the open.


Classic max-pain is 116.


Global stocks and dollar firmer as PE news conference approaches:
http://www.reuters.com/article/us-global-markets-idUSKBN14V030

Bitcoin slides as China's central bank launches checks on exchanges:
http://www.reuters.com/article/us-china-bitcoin-idUSKBN14V15Q

iPhone market share grows 6.4% in USA, takes share from Android in most markets:
https://9to5mac.com/2017/01/11/ios-market-share-kantar/

Apple patent hints at all-screen iPhone 8:
http://www.newsweek.com/iphone-8-apple-patent-screen-rumors-541437

Consumer Reports retesting battery on MacBook Pros it failed to recommend:
http://www.usatoday.com/story/tech/columnist/baig/2017/01/10/consumer-reports-retesting-battery-macbook-pros-failed-recommend/96398146/

The 10 best-paying jobs in the US are all in medicine:
https://qz.com/preview/882557/

Tesla hires Apple engineer to advance Autopilot:
https://www.tesla.com/blog/welcome-chris-lattner

Nokia teases new Android phone for February 26th:
http://www.theverge.com/2017/1/11/14236268/nokia-android-phones-announcement-mwc-2017

Audi wows Detroit with the Q8, a hybrid flagship SUV coming in 2018:
http://arstechnica.com/cars/2017/01/audi-wows-detroit-with-the-q8-a-hybrid-flagship-suv-coming-in-2018/

Honda recalling 772,000 more vehicles over air bag inflator issue:
http://www.newsday.com/classifieds/cars/honda-recalling-772-000-more-vehicles-over-air-bag-inflator-issue-1.12933941

What to expect from Nintendo's Switch event:
http://www.theverge.com/2017/1/11/14223700/nintendo-switch-console-event-price-specs-release-date-games

New candidate for "missing element" in Earth's core:
http://www.bbc.com/news/science-environment-38561076

Look out, Peter Parker:
http://www.i4u.com/2017/01/119428/scientists-are-spinning-spider-silk-without-spiders

Bumblebees now on endangered US species list:
http://www.csmonitor.com/Environment/2017/0111/Bumblebees-put-on-endangered-US-species-list.-How-to-help

Puppy talk:
http://www.bbc.com/news/science-environment-38561566

Uh... slow day in the forest?
https://www.cnet.com/news/snow-monkey-macaque-having-sex-with-deer-primates/

Very Large Telescope to get new sunglasses to spy on Alpha Centauri
http://www.csmonitor.com/Science/Spacebound/2017/0110/Very-Large-Telescope-to-get-new-sunglasses-to-spy-on-Alpha-Centauri

Japan space agency postpones launch of mini rocket because of wind:
http://www.reuters.com/article/us-japan-rocket-idUSKBN14V0BA?feedType=RSS&feedName=scienceNews&rpc=69

Vaccine critic to lead vaccine safety panel?
https://www.nytimes.com/2017/01/10/us/politics/donald-trump-transition.html

Chinese medicine expert say "anti-smog" teas ineffective:
http://www.bbc.com/news/world-asia-china-38579441

Ancient toy inspires low-cost medical diagnostic tool:
http://www.livescience.com/57449-ancient-toy-inspires-paper-centrifuge.html

Russia may ban cigarettes for everyone born after 2014:
http://time.com/4631213/russia-ban-cigarettes-born-2014/

Alcohol activates brain cells linked to hunger:
https://www.scientificamerican.com/article/drunk-mice-get-the-munchies/

Cavity? Just fill it yourself:
http://www.huffingtonpost.co.uk/entry/end-of-fillings-dentists-could-just-regrow-your-damaged-teeth_uk_58760c17e4b033e31dab1b69

Diet high in red meat linked to inflammatory bowel condition:
http://www.independent.co.uk/news/science/diet-red-meat-health-impact-consequences-a7518146.html


Today's Economic Calendar:
7:00 MBA Mortgage Applications
10:00 Atlanta Fed's Business Inflation Expectations
10:30 EIA Petroleum Inventories
1:00 PM Results of $20B, 10-Year Note Auction
1:20 PM Fed's Dudley Speech


Notable earnings this afternoon after the bell: VISI, *KBH*, SAR, DRWI, CBAK,

And tomorrow before the open: *FCEL*, NTIC, SNVNF, ASOMF, *DAL*, SJR, *TSM*, *INFY*, BTDPF, *WMS*, TSCDF, TSCRF

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