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Apple Today 3/27/2017 (AAPL)

seymour_greenz • March 27th 2017 12:50:31 PM

Good Morning,

Welcome back. Yikes! S&P Futures are down 21 with -17 Fair Value, NASDAQ Futures are down 42 with -44 Fair Value and Dow Futures are down 156 to start this week as worries over the healthcare speed-bump flow into tax cut concerns. Techwise, Bitcoin prices are back up over 1000 again after briefly dipping to 900 on Saturday.

This morning's Economic Calendar includes: Dallas Fed Manufacturing Survey followed by Results of $26B, 2-Year Note Auction and Fed's Evans speech this afternoon.

Futures were down in early morning and dipped to lows shortly before 2:45am before bouncing back and are off the lows as we approach the open.

Asian markets ended down. China went down 0.08%, Hong Kong dropped 0.68% and Japan led the decline, down 1.44%. European markets are down. The UK is down 0.81%, France is down 0.47% and Germany is leading the decline, down 0.86%.

Commodities are mixed this morning. Oil is down 1.08%, natural gas is up 1.50% and gold is up 0.77%. Unleaded gas is up 0.42% and heating oil is down 0.38%. Metals are up except copper. Meats are mostly down. Cocoa and corn are up while coffee, cotton, wheat and soybeans are down.

Markets off lows as investors assess failed healthcare bill. OPEC, non-OPEC to look at extending oil-output cut by 6 months.

This afternoon after the bell, look out for earnings from Red Hat, Inc. (RHT).

Tomorrow before the open, FactSet Research Systems Inc. (FDS), Carnival Corporation (CCL), McCormick & Company, Inc. (MKC) and Darden Restaurants, Inc. (DRI) are expected to report.

A leading Bullish CCL swing trade strategy is: When the 13 SMA is Below the 49 DEMA AND the 7 Day Smoothed Stochastics is Bearish, daily bars.

AAPL had a pretty good week, ending up 0.46% on low volume. On Monday, AAPL bears were quietly stepping onto the 141 ice as AAPL gained 1.05% on lower than average volume. On Tuesday, AAPL took a dip into the shark-infested waters of 139, ending down 1.15% on very high volume. On Wednesday, AAPL bounced off of the 140 water-line, ending up 1.13% on lower than average volume. On Thursday, AAPL went fishing below 141, ending down 0.35% on very low volume.

On Friday, AAPL found a mid-140 OPEX, ending down 0.20% on lower than average volume. AAPL opened up at 141.50 to high volume and went on to set an antra-day high of 141.74 at 9:54am on moderate volume before struggling to hold the mid-141 area on low volume. AAPL slipped to 141 during lunchtime on low volume and continued to seek the low 140-zone in the afternoon, scraping an intra-day low of 140.35 at 3:16pm on moderate volume before bouncing back in an home-stretch attempt at 141 on moderate volume that slipped into the close on higher volume. AAPL ended the day down 28 cents at 140.64 and dropped 21 more cents in after-hours to 140.43.

This morning in pre-market, AAPL opened lower in conjunction with Futures and got slapped with a downgrade to Outperform by FBN securities, seeing a pre-market low of 139.15. AAPL is currently down $1.31 at 139.33 as we approach the open.

Classic max-pain is 140.


Markets off lows as investors assess failed healthcare bill:
http://www.reuters.com/article/us-usa-stocks-idUSKBN16Y194?il=0

OPEC, non-OPEC to look at extending oil-output cut by 6 months:
http://www.reuters.com/article/us-oil-opec-idUSKBN16X07V

Snap shares rise as underwriters start coverage with "buy":
http://www.reuters.com/article/us-snap-stocks-idUSKBN16Y1GV

Amazon's future ambitions:
https://www.nytimes.com/2017/03/25/technology/amazon-wants-to-crush-your-store-with-its-technology-might.html

Apple beats Chinese company's copycat claim in Chinese court:
https://www.cnet.com/news/apple-beats-chinese-companys-copycat-claim-in-chinese-court/

Microsoft sued for millions over lost data and damaged PCs from Windows 10 upgrades:
http://www.zdnet.com/article/windows-10-upgrades-microsoft-sued-for-millions-over-lost-data-and-damaged-pcs/

Samsung confirms the Note 7 is coming back as a refurbished device:
http://www.theverge.com/2017/3/27/15072560/samsung-note-7-refurbished-device-recyling-announced

Uber self-driving test car involved in crash in Arizona:
https://techcrunch.com/2017/03/25/uber-self-driving-test-car-involved-in-crash-in-arizona/

PS4 Pro update brings 4K support to its media player:
https://www.gamespot.com/articles/ps4-pro-update-brings-4k-support-to-its-media-play/1100-6448987/

The case of the big coin caper:
http://www.bbc.com/news/world-europe-39409754

Supermassive black hole rocketing through space at 5-million miles an hour, NASA reveals:
http://www.independent.co.uk/news/science/nasa-supermassive-black-hole-discovery-a7650656.html

Laser-powered high-speed internet for Mars, moon and beyond:
http://www.techtimes.com/articles/203121/20170327/nasa-mulls-laser-powered-high-speed-sky-internet-for-mars-moon-missions-and-beyond.htm

Australia's "Jurassic Park":
http://www.bbc.com/news/science-environment-39405167

McDonald's server, 94, says she will never leave:
http://www.bbc.com/news/world-us-canada-39409119

Breast-fed kids may be less hyper, but not necessarily smarter, study finds:
http://www.npr.org/sections/thesalt/2017/03/27/520963053/breast-fed-kids-may-be-less-hyper-but-not-necessarily-smarter-study-finds

Spinach leaf transformed into beating human heart tissue:
http://news.nationalgeographic.com/2017/03/human-heart-spinach-leaf-medicine-science/

Night-time pee trips linked to salty diet:
http://www.bbc.com/news/health-39382339

April... due any minute now!
https://www.youtube.com/watch?v=SWIW0PbMXuA


Today's Economic Calendar:
10:30 Dallas Fed Manufacturing Survey
1:00 PM Results of $26B, 2-Year Note Auction
1:15 PM Fed's Evans speech


Notable earnings this afternoon after the bell: RAVN, ELP, TRQ, CCIH, *RHT*, CAPC, SNX, AUXO, WPRT, MEEC, ZDPY, PVVTF

And tomorrow before the open: OREX, *FDS*, SOL, WLB, GALT, EMAN, *CCL*, EVOTF, WOSCF, CTIB, SCON, HPJ, *MKC*, *DRI*, LDBKF, HOTR, SYPR, CUK, AETI, FPAFY, INFO, BEVFF, HOME, WILC

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