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Apple Today - 12/23/2015 (AAPL)

seymour_greenz • December 23rd 2015 10:11:03 AM

Good Morning,

NASDAQ Futures are up 18 with +29 Fair Value, Dow Futures are up 90 on another busy day of economic data and one step closer to the holiday. Futures have been gaining steam all morning.

Asian markets closed mixed. Hong Kong gained 0.96%, China ended down 0.43% and Japan dropped 0.16%. European markets are currently in rally mode with the UK in the lead, up 2.13%, France is also currently up 2.01% and Germany is up 1.82%.

Commodities are mostly up this morning. Oil is currently up 1.85%, natural gas is up 1.22% and gold is down 0.2%. Unleaded gas is up 3.04%. Energy is up, metals are mixed. Silver down while platinum and copper are up. Corn, soybeans, wheat and meat are also up.

Global stocks extend "holiday" rally and oil edges off 11-year low. US consumer spending increases 0.3% in November, aided by rising income while capital goods orders in US drop for 1st time in 3 months. Sales of existing US homes slump on delayed contract closings.

Athletic apparel manufacturer Nike (NKE) reported a solid quarter and is currently up nearly 3% in pre-market. On the other hand, Memory manufacturer Micron Technology (MU) is down as much as 7% this morning after reporting earnings. Look for earnings from Cal-Maine Foods (CALM) this afternoon after the bell.

AAPL had a bouncy day yesterday, ultimately ending up near flat and losing just 0.09%. AAPL started out by opening up at 107.45, then sold off to the intra-day low of 106.45 by 10:06am on moderate volume. Just as quickly, AAPL bounced back above 107 on lower volume and then by 11am dropped back to 106.5 again on relatively light volume. After that, AAPL began a low volume recovery that peaked at 107.72 at 12:36am, then leveled out in the low-107 area where AAPL remained for the rest of the day. By close, AAPL was down 10 cents at 107.23. AAPL gained an additional 9 cents in after-hours, ending up at 107.32.

This morning in pre-market, AAPL opened up higher at 107.46 on low volume and hung around the mid-107 area for most of the morning, peaking at 107.7 at 7:36am on relatively high volume before dipping down under 107.5 and closer to yesterday's close as we approach the open. AAPL is currently up 12 cents at 107.35.

Classic max-pain is 109.

Global stocks extend rally, oil edges off 11-year low:

US consumer spending increases, aided by rising income:

Spending supports US Q3 growth:

Capital goods orders in US drop for 1st time in 3 months:

Sales of existing US homes slump on delayed contract closings:

OPEC's market share to shrink by 2020 as rivals keep pumping:

Nike just did it:

More drug price hikes?

Lost and Fung:

African currencies struggle as Zimbabwe adopts yuan:

Boeing to pay $12 million penalty in safety cases:

New iPhone 6c in April?

Google experimenting with AI messaging:,2817,2497026,00.asp

Google and the death of passwords:

YouTube is mad at T-Mobile:

Microsoft demos HoloLens:

Nexus 5X review:

New LG lineup at CES:

An autonomous retrofit for your car?

China rover finds curious substance on moon:

NASA Mars lander delayed:

Fireball streaking across US sky was Russian rocket:


NASA releases amazing images of Enceladus:

Closest images yet of Ceres:

Is gene editing moving too fast?

Kangaroo-style care may benefit newborn:

Brazil warns against pregnancy due to spreading virus:

Can women save money this way?

Can you find the panda?

Today's Economic Calendar:
7:00 MBA Mortgage Applications
8:30 Durable Goods
10:00 New Home Sales
10:00 Reuters/UofM Consumer Sentiment
10:30 EIA Petroleum Inventories
11:30 Results of $13B, 2-Year FRN Auction

Notable earnings after today's close: CALM

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