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Apple Today 4/04/2017 (AAPL)

seymour_greenz • April 4th 2017 11:54:00 AM

Good Morning,

S&P Futures are down 9 with -8 Fair Value, NASDAQ Futures are down 24 with -24 Fair Value and Dow Futures are down 59 as April sees a dark start amid the explosion at the St. Petersburg subway, weak US car data and economic and trade tension. Techwise, Verizon wrangles Yahoo and AOL into a new company named "Oath" and Bitcoin broke above 1160 earlier this morning and is currently down a few points off the highs.

This morning's Economic Calendar includes: International Trade, Gallup US ECI, Redbook Chain Store Sales and Factory Orders.

Futures were down in early morning and then slipped to lows after 8am and are off the lows as we approach the open.

Asian markets ended down. China and Hong Kong were closed for Ching Ming Festival, Japan dropped 0.91%. European markets are mixed. The UK is up 0.44%, Germany is down 0.11% and France is down 0.07%.

Commodities are mixed this morning. Oil is up 0.40%, natural gas is up 0.74% and gold is up 0.65%. Unleaded gas is up 0.35% and heating oil is up 0.79%. Metals are up. Meats are down. Corn, wheat and soybeans are up while cocoa, coffee and cotton are down.

Banks, tech stocks lead market lower. US trade deficit narrowed to 4-month low in February.

NovaGold Resources, Inc (NG) reported Q1 results yesterday afternoon with a loss of 3 cents per share and is up nearly 1% in pre-market.

This afternoon after the bell, look out for earnings from Hudson's Bay Co (HBAYF).

Tomorrow morning before the open, The Greenbrier Companies, Inc. (GBX), Walgreens Boots Alliance, Inc. (WBA) and Monsanto Company (MON) are expected to report.

A leading Bearish MON trade strategy is: When the 3 DEMA is Above the 7 EMA AND the 7 Day Smoothed Stochastics is Bullish, daily bars.

AAPL floated on the mid-143 line yesterday, ending up 0.03% on low volume. AAPL opened up at 143.71 to high volume and quickly set an intra-day high of 144.12 at 9:44am on moderate volume before slipping to an intra-day low of 143.05 at 12:08pm on moderate volume. AAPL bounced back into the mid-143 area and held a narrow range into the afternoon before extending into the upper-143 area after 2:30pm on low volume and settling into the close. AAPL ended the day up 4 cents at 143.70 and dropped 4 cents in after-hours to 143.63.

This morning in pre-market, AAPL opened lower in conjunction with Futures and scraped a pre-market low of 143.20 despite an Upgrade from Vetr Inc. to Buy along with a 150.17 target. AAPL is currently down 38 cents at 143.32 as we approach the open.

Classic max-pain is 141.


Banks, tech stocks lead market lower:
http://www.reuters.com/article/us-usa-stocks-idUSKBN17618U?il=0

US trade deficit narrowed to 4-month low in February:
https://www.bloomberg.com/news/articles/2017-04-04/trade-deficit-in-u-s-narrows-in-february-to-four-month-low

Ralph Lauren to close flagship Polo store in cost-cutting plan:
http://www.bbc.co.uk/news/business-39488055

Apple's making its own GPU to control its own destiny:
https://www.wired.com/2017/04/apples-making-gpu-control-destiny/

Apple pushes the reset button on Mac Pro:
https://techcrunch.com/2017/04/04/apple-pushes-the-reset-button-on-the-mac-pro/

The iPhone makes and breaks entire companies:
http://www.theverge.com/2017/4/4/15174964/apple-iphone-makes-and-breaks-entire-companies

Is Uber 5,000 times worse than Google at self-driving?
https://www.theguardian.com/technology/2017/apr/04/uber-google-waymo-self-driving-cars

"Pink Star" diamond sells for record $71.2 million in bidding war:
http://in.reuters.com/article/auction-sothebys-diamond-idINKBN1761O1

Web inventor Sir Tim Berners-Lee slams UK and US net plans:
http://www.bbc.com/news/technology-39490324

Graphene-based sieve turns seawater into drinking water:
http://www.bbc.com/news/science-environment-39482342

What makes a good landing site on Mars?
https://www.theatlantic.com/science/archive/2017/04/mars-landing-site/521715/

E.T., is that you?
http://www.independent.co.uk/life-style/gadgets-and-tech/news/fast-radio-burst-frb-space-aliens-exist-real-signal-message-swinburne-university-a7666026.html

Time-lapse photos of thinning glaciers:
http://www.techtimes.com/articles/203905/20170404/time-lapse-photos-of-thinning-glaciers-show-grim-picture-of-climate-change-video.htm

Rescuers trying to find entangled gray whale:
http://www.techtimes.com/articles/203946/20170404/rescuers-trying-to-find-gray-whale-entangled-in-metal-frame-off-southern-california-coast.htm

Swedish company implants microchips in employees:
http://www.upi.com/Top_News/World-News/2017/04/04/Swedish-company-implants-microchips-in-employees/6541491315939/

Firefighters have higher heart attack risk because of heat:
http://www.bbc.com/news/health-39478080

April already, where is the calf?
https://www.youtube.com/watch?v=vTYzfoO9sDs

Oh well... free cone today!
http://time.com/4723600/free-cone-day-history/


Today's Economic Calendar:
8:30 International Trade
8:30 Gallup US ECI
8:55 Redbook Chain Store Sales
10:00 Factory Orders

Notable earnings this afternoon after the bell: *HBAYF*, SHLM, LNDC

And tomorrow before the open: AMMX, *GBX*, *WBA*, FLYLF, *MON*, EGDFF

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