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Apple Today 2/27/2017 (AAPL)

seymour_greenz • February 27th 2017 01:32:18 PM

Good Morning,

Welcome back. S&P Futures are down 1 with -2 Fair Value, NASDAQ Futures are down 9 with -11 Fair Value and Dow Futures are down 10. We return from a mixed-up Oscar weekend to begin wrapping up this month of February as the Dow has closed at a record high for 11 trading sessions in a row.

This morning's Economic Calendar includes: Durable Goods, Pending Home Sales and Dallas Fed Manufacturing Survey

The earnings winner is: Sotheby's (BID), up over 7%. On the other hand and Shutterstock (SSTK) is down nearly 11.5%.

Futures were up in early morning, peaked around 3:30am and then slipped into negative territory after 5am and are off the lows as we approach the open.

Asian markets ended mostly down. China dropped 0.76%, Hong Kong went down 0.17% and Japan led the advance, down 0.91%. European markets are mostly down. The UK is up 0.03%, Germany is down 0.03% and France is down 0.18%.

Commodities are mixed this morning. Oil is up 0.93%, natural gas is down 4.13% and gold is down 0.10%. Unleaded gas is up 1.16% and heating oil is down 0.04%. Metals are up except copper. Meats are up. Coffee, cotton and soybeans are up while corn and wheat are down. Cocoa is flat.

US pending home sales fall to lowest level in a year. Orders for durable goods in US rebounded 1.8% in January. Oil edges up as bullish bets on rising prices hit record high.

Sotheby's (BID) reported Q4 results this morning with adjusted earnings of 1.35 per share that beat expectations is up over 7% in pre-market. Shutterstock (SSTK) announced Q4 results with adjusted earnings of 42 cents per share that missed expectations and is down nearly 11.5%.

This afternoon after the bell, look out for earnings from The Priceline Group Inc. (PCLN), Key Energy Services, Inc. (KEG), Kindred Healthcare, Inc. (KND), Nutrisystem Inc (NTRI), Hertz Global Holdings, Inc. (HTZ) and Workday (WDAY)

Tomorrow morning before the open, Target Corporation (TGT), Chesapeake Utilities Corporation (CPK), Domino's Pizza, Inc. (DPZ), Frontline Ltd. (FRO), NRG Energy, Inc. (NRG), AutoZone, Inc (AZO), The Bank of Nova Scotia (BNS), 3D Systems Corp. (DDD), Valeant Pharmaceuticals International, Inc. (VRX), Cheniere Energy, Inc (LNG), Seadrill Limited (SDRL) and Sears Holdings Corporation (SHLD) are expected to report.

A leading Bearish PCLN swing trade strategy is: When MACD experiences a Bullish crossover with settings of Fast 20, Slow 24 and Signal 19 AND the 22 Day Stochastics is Bearish, daily bars.

AAPL had a short but strong week, ending up 3.44% on very low volume. On Tuesday, AAPL showed a mountain of strength in the 136-area, ending up 0.72% on low volume. On Wednesday, AAPL's heartbeat pulsed up to 137, ending up 0.27% on very light volume. On Thursday, AAPL dropped from 137 and then floated above the mid-136 line, ending down 42% on light volume. On Friday AAPL took aim at mid-136 for OPEX, ending up 0.10% on very low volume. AAPL opened at 135.91 to high volume, struggled for 30 minutes on moderate volume and dipped to an intra-day low of 135.28 on moderate volume before bouncing back to the upper-135 area by lunchtime on low volume. AAPL broke above 136 during lunch on low volume and held a narrow range on low volume until after 3pm when AAPL made a dash into the mid-136 area as the day was wrapping up, setting an intra-day high of 136.66 at the bell on strong volume. AAPL ended the day up 13 cents at 136.66 and dropped 3 cents in after-hours to 136.63.

This morning in pre-market, AAPL opened up higher and pushed up above 137 to an pre-market high of 137.30 on bullish "iPhone stickiness" comments by Buffett balanced by a downgrade by Vetr Inc to hold. AAPL is currently up 52 cents at 137.18 as we approach the open.

Classic max-pain is 133.


US pending home sales fall to lowest level in a year:
http://www.reuters.com/article/us-usa-economy-housing-idUSKBN1661PS

Orders for durable goods in US rebounded 1.8% in January:
https://www.bloomberg.com/news/articles/2017-02-27/orders-for-durable-goods-in-u-s-rebounded-1-8-in-january

Oil edges up as bullish bets on rising prices hit record high:
http://www.reuters.com/article/us-global-oil-idUSKBN166023

Buffett boosted Apple stake to more than $18 billion:
https://www.bloomberg.com/news/articles/2017-02-27/berkshire-built-apple-stake-to-133-million-shares-buffett-says

Intel Core i7, i5 prices drop as AMD Ryzen 7 launch nears:
http://www.techtimes.com/articles/199430/20170227/intel-strikes-back-at-amd-ryzen-with-core-i7-i5-price-drops.htm

La Jolla's shares soar after blood pressure drug clears key study:
http://www.reuters.com/article/us-la-jolla-pharm-study-idUSKBN1661AE

Nokia's nostalgia trap?
https://www.cnet.com/news/nokia-3310-android-nostalgia-trap-avoiding-getting-stuck-in-the-past/

Popularity of PlayStation VR surprises Sony:
https://www.nytimes.com/2017/02/26/business/sony-playstation-vr-sales.html

Roborace finally reveals its self-driving racecar:
http://www.theverge.com/2017/2/27/14749740/roborace-robocar-speed-images-self-driving-series

NASA to send solar probe to the Sun in 2018:
http://www.techtimes.com/articles/199362/20170226/nasa-to-send-solar-probe-to-the-sun-in-2018.htm

What's that on Pluto?
http://www.space.com/35829-pluto-features-official-names-near.html

World's only sample of metallic hydrogen disappears in lab:
http://www.techtimes.com/articles/199274/20170226/worlds-only-sample-of-metallic-hydrogen-disappears-in-lab.htm

Wikipedia bots spent years fighting silent, tiny battles with each other:
http://www.popsci.com/wikipedia-bots-fighting

Adorable polar cub takes 1st steps just in time for the big day:
http://people.com/pets/watch-ridiculously-adorable-polar-cub-takes-her-first-steps-just-in-time-for-international-polar-bear-day/

These 12 bacteria pose greatest risk to human health:
http://www.cnn.com/2017/02/27/health/who-bacteria-antibiotics-list-amr/

Kids = less sleep:
http://www.livescience.com/58026-moms-get-less-sleep.html

A medicine that blunts the buzz of alcohol can help drinkers cut back:
http://www.npr.org/sections/health-shots/2017/02/27/516890375/a-medicine-that-blunts-the-buzz-of-alcohol-can-help-drinkers-cut-back


Today's Economic Calendar:
8:30 Durable Goods
10:00 Pending Home Sales
10:30 Dallas Fed Manufacturing Survey

Notable earnings this afternoon after the bell: ARI, IPWR, *PCLN*, ALB, *KEG*, PRGO, CAPL, CST, MHLD, OKS, RAIL, THC, FTR, HSII, FCE.A, JBT, KRA, RP, BEL, FRGI, GMED, RSPP, SBY, RRD, SWX, WNR, DGI, DK, DKL, EOG, *KND*, *NTRI*, PODD, SBAC, *HTZ*, EXEL, OFIX, SNHY, SYKE, *WDAY*, LXU, KONA, BREW, CPE, RVNC, GPL, APTS, ICFI, TEDU, WHLR, TBPH, KTOS, GAIA, NOAH, ESND, PREKF, BWXT, NVAX, APLE, SFR, APPF, BSM, AXDX, ABY, FRRVF, OLMIF, OROCF

And tomorrow before the open: OPESF, SGMO, NXTM, MDCO, SPNS, ICD, PDCE, BMO, EXLS, GKNCF, STAY, XHR, LBY, OPHT, SHOO, *TGT*, AMRN, CEMP, CCLP, *CPK*, *DPZ*, ESV, FCN, GPX, INCR, IONS, IPCC, NADL, NXST, SEAS, SNR, TRS, CNP, EBKOF, GPT, PNM, QVCA, RHP, SRE, EBIX, ENDP, *FRO*, IPI, NLNK, *NRG*, SFL, TCPC, TOUR, OMAB, *AZO*, *BNS*, PRGX, TESO, HSKA, PRFT, USCR, ORBC, TA, *DDD*, *VRX*, *LNG*, I, TWODF, FSS, CABO, AAC, HIFR, NYLD, PRIM, CCP, LBRDA, STON, PAH, BCPC, BLD, GOGL, SDLP, *SDRL*, WUBA, BNED, HAVSF, MEGGF, ARKAF, HMLP, GLNG, GMLP, *SHLD*, DS, FNLPF, FWONA, JP, LRCDF, SVVDF

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