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Apple Today 4/11/2017 (AAPL)

seymour_greenz • April 11th 2017 11:53:51 AM

Good Morning,

S&P Futures are down 3 with -4 Fair Value, NASDAQ Futures are down 6 with -6 Fair Value and Dow Futures are down 15 on this Tuesday heading into earnings season. United Continental (UAL), the owner of United Airlines, were down more than 5% in pre-market after a video that showed a passenger being forcibly removed from an overbooked flight went viral. Speaking in Michigan late on Monday, US Federal Reserve chair Janet Yellen says the US economy is now "healthy" and the Fed will be focusing on maintaining healthy growth over the next few years. Techwise, Qualcomm strikes back against Apple's lawsuit with counterclaims as Bitcoin draws near 1,220 again this morning.

This morning's Economic Calendar includes: NFIB Small Business Optimism Index, Redbook and 4-Week Bill Auction followed by 10-Yr Note Auction and Neel Kashkari Speaks this afternoon.

Futures were down in early morning, then recovered positive territory shortly before 6:30am only to slip back shortly afterwards and are off the lows as we approach the open.

Asian markets ended mixed. China gained 0.60%, Hong Kong dropped 0.72% and Japan went down 0.27%. European markets are mixed. The UK is up 0.62%, Germany is down 0.11% and France is up 0.06%.

Commodities are mixed this morning. Oil is down 0.11%, natural gas is up 0.09% and gold is up 0.64%. Unleaded gas is down 0.23% and heating oil is down 0.03%. Metals are up. Meats are up. Cocoa and soybeans are up while coffee, cotton, corn and wheat are down.

US job openings rise to 7-month high in February.

Bank of the Ozarks (OZRK) reported Q1 results with earnings of 73 cents per share that beat expectations and is up slightly in pre-market.

Tomorrow morning before the open, Fastenal Company (FAST) and Delta Air Lines, Inc. (DAL) are expected to report.

A leading Bullish DAL trade strategy is: When the 14-day Smoothed Stochastics is Bullish, daily bars.

AAPL spilled below 143 yesterday, ending down 0.14% on low volume. AAPL opened up at 143.60 to high volume and quickly set an intra-day high of 143.88 at 9:31am before slipping to the low-143 area lunchtime on moderate volume and bouncing back to the upper-143 area in early afternoon on moderate volume. After 1:40pm, AAPL slipped sharply to a sub-143 intra-day low of 142.90 at 3:58pm on strong volume and bounced back slightly above 143 into the close. AAPL ended the day down 20 cents at 143.14 and gained a penny in after-hours to 143.15.

This morning in pre-market, AAPL opened higher in conjunction with Futures and slipped to a pre-market low of 142.68 at 5:50am while buzz of Qualcomm striking back against Apple with counterclaims made the rounds. AAPL is currently down 12 cents at 143.05 as we approach the open.

Classic max-pain is 143.


US job openings rise to 7-month high in February:
http://www.reuters.com/article/us-usa-economy-jobs-idUSKBN17D1W5

5 key questions on United dragging man off plane:
http://www.cnn.com/2017/04/11/travel/questions-united-trnd/

Qualcomm hits back at Apple's lawsuit, accuses iPhone maker of false statements:
http://www.reuters.com/article/us-apple-lawsuit-qualcomm-idUSKBN17D0JS

Analyst claims Apple may ditch Dialog:
http://www.reuters.com/article/us-dialog-apple-idUSKBN17D0VF

Galaxy S8 vs iPhone 8:
http://bgr.com/2017/04/11/galaxy-s8-vs-iphone-8-design-comparison-rumors/

Windows 10 Creators Update review:
https://arstechnica.com/information-technology/2017/04/windows-10-creators-update-quite-a-small-major-update-coming-april-11th/

Microsoft finally says "hasta la Vista":
https://www.cnet.com/news/microsoft-says-hasta-la-vista-to-windows-vista/

AMD Ryzen 5 1600X vs Core i5 review:
http://www.anandtech.com/show/11244/the-amd-ryzen-5-1600x-vs-core-i5-review-twelve-threads-vs-four

Dazzling light show spotted on Uranus:
http://www.popsci.com/dazzling-light-show-spotted-on-uranus

Pink Moon tonight:
https://www.usatoday.com/story/news/nation-now/2017/04/11/you-can-still-see-pink-moon-tonight/100317326/

Was the very first animal a jellyfish?
http://www.livescience.com/58622-jellyfish-evolved-before-sponges.html

What Antarctic killer whales can teach humans about climate change:
https://www.theatlantic.com/science/archive/2017/04/killer-whales/522465/

A "hot zone" in the brain may reveal when and what we dream:
http://www.npr.org/sections/health-shots/2017/04/10/523262108/a-hot-zone-in-the-brain-may-reveal-when-and-even-what-we-dream

Federal task force softens opposition to routine prostate cancer screening:
http://www.npr.org/sections/health-shots/2017/04/11/522912221/federal-task-force-softens-opposition-to-routine-prostate-cancer-screening

Rare brain parasite cases spread in Hawaii:
http://www.cnn.com/2017/04/10/health/hawaii-rat-lungworm-disease-parasite/

Eating healthy can kill you:
http://www.upi.com/Odd_News/2017/04/11/Maryland-couple-find-live-scorpion-in-bag-of-store-brand-spinach/1271491915532/


Today's Economic Calendar:
6:00 NFIB Small Business Optimism Index
8:55 Redbook
11:30 4-Week Bill Auction
1:00 PM 10-Yr Note Auction
1:45 PM Neel Kashkari Speaks


Notable earnings this afternoon after the bell: PMNXF

And tomorrow before the open: BYCBF, *FAST*, *DAL*, SJR, CNTF, NVFY, RNVA, TGXSF

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