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Apple Today - 10/06/2015 (AAPL)

seymour_greenz • October 6th 2015 09:29:15 AM

Good Morning,

NASDAQ Futures are down 11 with -18 Fair Value, Dow Futures are down 14. This is an improvement over earlier when Futures were further down. European markets are currently up ~1% while China markets are closed for holiday. Oil is down slightly and gold looks to open even. Earnings season officially kicks off this week. The Container Store (TCS) sold off on moderate volume yesterday afternoon after announcing earnings, on the other hand PepsiCo (PEP) is up nearly 3% this morning after beating earnings estimates.

AAPL looked good yesterday in pre-market but took a turn when Citi released a report about 6s gross margins. While the rest of the market rallied, AAPL spent the morning struggling in thr red, hitting a low of 109.07 on moderate volume in early trading. By afternoon, the fog had lifted and AAPL hit a peak of 111.37 at 2:45pm on moderate volume before retreating back towards 110, closing the intra-day session at 110.78. After-hours was a drag and AAPL lost an additional 42 cents to 110.36.

This morning in pre-market, AAPL opened lower on relatively heavy pre-market volume and barely hung on to 110, in the 110.2 range for most of the morning before a quick dive bomb to 109.81 at 7:36am on high volume. Subsequently, AAPL had recovered fairly well clawing back to the mid-110 area and peaking at 110.63 just before 9am on relatively low volume. AAPL is currently down 25 cents at 110.53.

Classic max-pain is 111.

Is the "rally" over?

Pepsi bubbles up good results:

Apple supplier Skyworks buying PMC-Sierra for $2 billion:

VW scandal 7 years in the making:

A new earnings season begins:

BP $20 billion oil spill:

Apple buys Perceptio, boosts AI:

iPhone 6s hi-res camera needs lots of space:

App Slicing may save you some space:

New Apple Watch ads focus on strengths:

YouTube gets upgraded:

Alphabet, do the right thing:

Microsoft launches new Lumia phones today:

Tesla Model Y?

Cute little robot phone:

Muffin time is now among us:

Some advice for Jack:

Nobel Prize shared for discovery that neutrinos have mass:

FDA approves new treatment for lung cancer:

Today's Economic Calendar:
8:30 Gallup US ECI
8:30 International Trade
8:55 Redbook Chain Store Sales
9:15 Fed's George: “Payments System”
1:00 PM Results of $24B, 3-Year Note Auction
3:30 PM Fed's Williams: Economic Outlook

Notable earnings after today's close: RATE, HAWK, CCOI, FORM, YUM
And tomorrow before the open: AYI, STZ, GPN, MON, PKE, RPM

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