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Apple Today 3/31/2017 OPEX EOQ (AAPL)

seymour_greenz • March 31st 2017 11:23:24 AM

Good Morning,

S&P Futures are down 2 with -2 Fair Value, NASDAQ Futures are down 1 with -4 Fair Value and Dow Futures are down 7 on this final day of March, ending the 1st quarter of 2017 on a high note. Year to date, the Dow is up 4.9%, the S&P is up 5.8% and the Nasdaq is in the lead, up 9.9%, all hitting their highest levels ever in the past few weeks. Techwise, BlackBerry Ltd. (BBRY) is up nearly 8.5% on Q4 results and Bitcoin remains in the 1050-area as prices seem to stabilize.

This morning's Economic Calendar includes: Personal Income and Outlays, Chicago PMI, Consumer Sentiment and Fed's Kashkari speech followed by Baker-Hughes Rig Count this afternoon and Fed's Bullard: US Monetary and Economic Policy tonight.

The earnings winner is: BlackBerry Ltd. (BBRY), up nearly 8.5%.

Futures were down in early morning, hit lows shortly before 2:30am and bounced back after 7:30am and while still negative are near the highs as we approach the open.

Asian markets ended mostly down. China went up 0.38%, Hong Kong went down 0.78% and Japan dropped 0.81%. European markets are also mostly down. The UK is down 0.38%, Germany is up 0.03% and France is down 0.03%.

Commodities are mixed this morning. Oil is down 0.24%, natural gas is up 1.41% and gold is down 0.40%. Unleaded gas is down 0.26% and heating oil is down 0.10%. Metals are down. Meats are mixed. Cotton, corn, wheat and soybeans are up while cocoa and coffee are down.

US stock indexes wavering. Consumer spending slows as inflation pushes higher.

BlackBerry Ltd. (BBRY) reported a Q4 loss with adjusted earnings of 2 cents per share that beat expectations and is up nearly 8.5% in pre-market.

A leading Bullish MSFT trade strategy is: When the 11 SMA is Above the 13 EMA AND the 7 Day Stochastics is Bearish, daily bars.

AAPL was in choppy waters below 144 yesterday, ending down 0.13% on low volume. AAPL opened up at 144.19 to high volume and quickly set an intra-day high of 144.50 at 9:32am on strong volume before dipping at noontime to an intra-day low of 143.50 at 12:40pm on moderate volume. AAPL bounced back above 144 in early afternoon on low volume and settled in the upper-143 area towards the end of the day on low volume before bouncing into the close on high volume. AAPL ended the day down 19 cents at 143.93 and dropped 16 more cents in after-hours to 143.77.

This morning in pre-market, AAPL opened up lower in conjunction with Futures and and set a curious pre-market rogue low of 120.41 at 9:22. AAPL is currently down 19 cents at 143.74 as we approach the open.

Classic max-pain is 142. Today is OPEX. Have a good weekend with your friends and family.


US stock indexes wavering:
https://www.usnews.com/news/business/articles/2017-03-31/us-stock-indexes-wavering-between-small-gains-and-losses

Consumer spending slows as inflation pushes higher:
http://www.reuters.com/article/us-usa-economy-idUSKBN1721MX

Free from phones, BlackBerry posts profit, says more to come:
https://www.bloomberg.com/news/articles/2017-03-31/freed-from-phones-blackberry-posts-profit-expects-more-to-come

iPhone 8 Details Leaked:
http://www.techtimes.com/articles/203580/20170331/iphone-8-details-leaked-iphone-edition-name-rear-touch-id-scanner-metal-back-and-more.htm

Apple continues Twitter-based iPad Pro ad campaign with 3 new videos:
https://www.macrumors.com/2017/03/30/ipad-pro-twitter-ad-campaign-continues/

Apple's latest iOS update patches 911 DDoS attack exploit:
http://www.theverge.com/2017/3/31/15135994/apple-iphone-ios-update-911-ddos-attack-fix

Amazon wants Cheerios, Oreos and other brands to bypass Wal-Mart:
https://www.bloomberg.com/news/articles/2017-03-30/amazon-wants-cheerios-oreos-and-other-brands-to-bypass-wal-mart

How Jeff Bezos became the world's 2nd richest man:
https://www.csmonitor.com/Business/2017/0330/How-Jeff-Bezos-became-the-world-s-second-richest-man

AMD preps for Ryzen 5's launch with a helpful AM4 motherboard update:
http://www.pcworld.com/article/3186443/computers/amd-preps-for-ryzen-5s-launch-with-a-helpful-am4-motherboard-update.html

Uber Robocar project at risk as engineer may face charges:
https://www.bloomberg.com/news/articles/2017-03-30/uber-robocar-engineer-may-face-criminal-action-lawyer-says

How Samsung will keep the Galaxy S8 from catching fire:
https://www.cnet.com/news/samsung-galaxy-s8-plus-battery-note-7-fire/

Embattled Oculus co-founder Palmer Luckey leaves Facebook:
https://techcrunch.com/2017/03/30/palmer-luckey-facebook/

Blue Origin releases first interior photos of the capsule that will take tourists to space:
http://www.theverge.com/2017/3/29/15105684/blue-origin-new-shepherd-crew-interior-photos-tourist-space

Spacewalking astronauts salvage job, back inside:
http://abcnews.go.com/Technology/wireStory/latest-spacewalking-astronauts-lose-piece-shielding-46466538

Comet to pass closest to Earth since discovery:
http://www.space.com/36260-april-fools-comet-passing-by.html

Tiny, fanged fish produces a pain-free bite:
http://www.bbc.com/news/science-environment-39445664

Scientists investigate Tasmanian tiger sightings:
http://www.livescience.com/58483-search-for-extinct-tasmanian-tiger.html

Eyes on the back of... your tail?
http://newatlas.com/blind-tadpoles-eyes-on-tails-tufts/48701/

Smartphone use blamed for road deaths:
http://www.bbc.com/news/technology-39453497

This cup of coffee could cause heart palpitations:
http://www.cnn.com/2017/03/31/health/worlds-strongest-coffee/

Lonely people report more severe cold symptoms, study finds:
http://www.npr.org/sections/health-shots/2017/03/30/521927344/lonely-people-report-more-severe-cold-symptoms-study-finds

Paralyzed man uses thoughts to control his own arm and hand again:
http://www.npr.org/sections/health-shots/2017/03/28/521665654/paralyzed-man-uses-thoughts-to-control-his-own-arm-and-hand

This is the fastest way to calm down:
http://time.com/4718723/deep-breathing-meditation-calm-anxiety/

April the giraffe will give birth this weekend, zoo says:
https://www.cnet.com/news/april-the-pregnant-giraffe-baby-animal-adventure-park/
https://www.youtube.com/watch?v=pE9EWh4ocDs


Today's Economic Calendar:
8:30 Personal Income and Outlays
9:45 Chicago PMI
10:00 Consumer Sentiment
10:00 Fed's Kashkari speech
1:00 PM Baker-Hughes Rig Count
10:30 PM Fed's Bullard: U.S. Monetary and Economic Policy

Notable earnings this afternoon after the bell: TWER, CDTI

And on Monday before the open: AYI, CONN, GPN, ISCA

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