Now taking membership applications! Login or Register with Invitation Code

Apple Today - 12/04/2015 OPEX (AAPL)

seymour_greenz • December 4th 2015 09:31:27 AM

Good Morning,

NASDAQ Futures are up 5 with +10 Fair Value, Dow Futures are up 33 on the first OPEX of December. Futures were up considerably higher earlier this morning.

Asian markets closed down sharply. China lost 1.67%, Hong Kong dropped by 0.81% and Japan fared the worst, down 2.18%. European markets are all currently lower as well. The UK is down 0.24%, Germany is in the red by 1.05% and France is down 0.75%. Commodities are mostly up this morning with oil up over 1%, natural gas is up nearly 0.2% and gold is slightly below flat, down 0.11%.

US payrolls increased more than forecast in November.

Semiconductor manufacturer Ambarella (AMBA) is down nearly 9% after reporting earnings yesterday afternoon and announcing a weak outlook with "headwinds on wearables", based on the price action yesterday and speculation, it's rumored that the report may have leaked early at 3:30pm EST. Shares of book retailer Barnes & Noble (BKS) are also down over 13% after announcing weak earnings.

Another brutal day for AAPL and the broader market yesterday with AAPL dropping another 0.93%. Yesterday's pre-market looked optimistic with AAPL reaching into the mid-117 area, however the tone changed after the open and AAPL struggled to stay afloat. First harmlessly dipping to 115.81 on moderate volume at 9:42am and recovering back to green, then again testing that low and pushing it to 115.76 at 10:40am on lower volume before making a brief intra-day high of 116.79 at 11:16am on moderate volume. Once low-volume lunchtime hit, AAPL dropped constantly for 2 hours, bottoming at 114.22 at 2:34pm on moderately high volume before bouncing back toward 115. After bouncing around between 115 and 114.5 in late afternoon trading, AAPL closed the painful intra-day session down 1.08 at 115.20. After-hours saw a bit of relief with AAPL gaining 26 cents to close at 115.46.

This morning in pre-market, AAPL opened up higher at 115.7 on moderate volume in conjunction with Futures and initially appeared to be moving towards 116, reaching as high as 115.97 at 4:14am on low volume. Unable to reach 117, AAPL struggled in the upper-115 area and lost 115.5, dipping to 115.28 at 8:28am on moderate volume before bouncing back into upper-115 area on high volume, peaking at 115.73, then dropping again towards 115. AAPL is currently down 10 cents at 115.1

Classic max-pain is 117. Today is OPEX.

US payrolls increased more than forecast in November:

Solid US employment report a green light for December rate hike?

US trade deficit widens as exports hit three-year low:

Euro takes a breather:

Barnes & Noble wants to turn the page:

Should Yahoo sell?

Zuckerberg denies his new organization is a slick tax dodge:

9 Samsung executives investigated for insider trading:

Apple to outpace rivals:

Apple's Swift now open source:

Google's best Android apps:

Facebook adds live video:

Samsung to pay Apple $548 million in 5-year old patent trial:

New A9-based 4-Inch iPhone to launch early 2016:

Look out Fitbit, Apple is on your tail:

Mergers and acquisitions of the day:

Nokia closes maps unit sale to German car makers:

Ganging up un Uber:

Sluggish Windows Phone growth ahead?

Watch a 4-year old girl drive a Volvo FMX?

Clues to mysterious cosmic radio pulse:

Migratory birds threatened:

Nearly half of Americans with high cholesterol not on medication:

Watch your weight:

Today's Economic Calendar:
8:30 Non-farm payrolls
8:30 International Trade
1:00 PM Baker-Hughes Rig Count
3:45 PM Fed's Bullard: “Neo Fisherianism”
4:10 PM Fed's Kocherlakota “Monetary Policy Renormalization”

Notable earnings after today's close: ARWR, ODC

And on Monday before the open: HMLP, JOUT, MFRM, NX, MTN, MESG

Go Back