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Apple Today - 12/28/2015 (AAPL)

seymour_greenz • December 28th 2015 09:53:42 AM

Good Morning,

NASDAQ Futures are down 13 with -18 Fair Value, Dow Futures are down 84 on this start of another shortened holiday week. Futures have been worsening as we approach the open.

Asian markets closed mostly down. China ended down 2.59%, Hong Kong was down 0.99% and Japan gained 0.56%. European markets are also mostly down with Germany currently down 0.69%, France down 0.81 and the UK up 0.22%.

Commodities are mixed this morning. Oil is currently down 3.33%, natural gas is up 2.3% and gold is down 0.42%. Except natural gas, energy is in the red and unleaded gas is down 1.79%. Metals, cocoa, cotton and soybeans are down while coffee, corn and wheat are up.

Oil declined over 3% this morning. Oil is down more than 11% for the month and is hovering around seven-year lows amid oversupply and weak demand in China. Gold also drifted lower, heading for 6th straight quarterly loss.

This afternoon, look for earnings from fast-food restaurant company Sonic (SONC).

AAPL had a relatively positive week last week, amongst a recovery from the previous Friday and an early dip below 106, ending the shortened week near at 108.03. On Thursday, AAPL opened at 108.95 and initially appeared to have some holiday pep to make it above 109 and perhaps as far as 110. AAPL never made it, however, and quickly dropped to 107.95 shortly after 10am on moderate volume before bouncing back to the mid-108 area on low volume. AAPL spent the rest of the short day struggling to hold 108.5 and in the last 30 minutes dropped back down to 108.03 on low volume, ending the day down 58 cents or 0.53%.

This morning in pre-market, AAPL opened at 108 at 4:06am on low volume and dropped lower in conjunction with Futures. By 7:27am, AAPL hit a pre-market low of 107.16 and subsequently bounced back to 107.5, and is currently appears to be recovering the upper-107 area as we approach the open. AAPL is currently down 32 cents at 107.71.

Classic max-pain is 109.

Asia stocks slip:

Yellen about inflation:

Volatility ahead for the bond market?

Saudi plans spending cuts:

Japan firms on higher salaries:

China Telecom chairman under investigation:

Gold lower:

Executive team to run Valeant after CEO takes medical leave:

A guide to Apple Live Photos on Facebook:

Mark answers critics of "Free Basics":

Hoax alert:

Galaxy S7 leak:

"Do not disturb" was disturbed:

Amazon Prime sells 3 million memberships before Christmas:

Google data center planned for Tennessee:

Comcast starts rolling out its gigabit internet service:

Verizon Will Pay you up to $650 to switch:

Blackberry Priv has a good camera:

Fitbit in good shape?

Beware the "hoverboards" are here:

A "real" hoverboard, this $20k ArcaBoard is like stepping on a flying carpet made of 10 drones:,2817,2497134,00.asp

Japan finally gets 2DS in February:

The chatbot revolution:

Used bookstores making a comeback?

Sony, Microsoft planning to launch their next-gen consoles soon?

SpaceX makes history:

First Christmas full moon in nearly 40 years seen worldwide:

Pluto through a Stained Glass Window:

Supermetal created:

First Englishman in space:

Space junk:

Crows build hook tools:

The squirrel index:

UK couple have dead dog cloned in South Korea:

Twins on the rise:

Health or junk food?

Norovirus-contaminated Chipotle open again:

The DNA diet?

Today's Economic Calendar:
10:30 Dallas Fed Manufacturing Survey
1:00 PM Results of $26B, 2-Year Note Auction

Notable earnings after today's close: CMC, LNDC, *SONC*

And tomorrow before the open: MSM, TGSNF, UNF

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