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Apple Today - 1/06/2016 (AAPL)

seymour_greenz • January 6th 2016 10:05:00 AM

Good Morning,

A Monday double take? NASDAQ Futures are down 93 with -84 Fair Value, Dow Futures are down 298 on the first Wednesday of 2016, packed with a full economic calendar. Futures have been "worsening" all morning as we approach the open.

Asian markets closed mixed. China gained 2.25% while Hong Kong and Japan dropped just under 1%. European markets are deep in the red today with the UK currently down 1.83%, Germany slipping 1.85% and France down the most with a 1.96% loss.

Commodities are mostly down this morning. Oil is currently down 3.45%, natural gas is down 0.69% and gold is up 0.76%. Unleaded gas is down 4.54%, heating oil is down 3.04% and the rest of energy is down. Except gold metals are down. Cocoa, corn, soybeans and wheat are down. Meat is flat. Coffee and cotton are up.

Oil slides to a new 11-year low and private-sector hiring accelerated in December to 257,000, according to ADP.

Restaurant chain Sonic (SONC) initially rallied approximately 6% after announcing earnings yesterday afternoon but quickly sold off and is currently down nearly 6% in pre-market trading this morning, of course the broader market isn't helping. Agricultural and herbicide manufacturer Monsanto Company (MON) reported this morning and is currently down under 1% after reporting a narrower than expected loss.

AAPL had a fairly optimistic open yesterday but that's where it ended as AAPL sunk under water 2.51% by the end of intra-day trading. Peaking at 105.85 on high volume within moments of the open, AAPL began a relatively high volume slide that lasted all-day. The first stop to 104 by 10am appeared it may hold after a bounce approaching 105, but at noon a huge volume drop nearly instantly brought AAPL below 103 and as low as mid-102 before another bounce attempt. Reaching the upper-103 area around 2pm on moderate volume AAPL was unable to regain 104 and slipped back towards the lows of the day on moderately high volume. AAPL closed the intra-day session down 2.64 at 102.71. After-hours further punished AAPL with a drop of 46 cents to 102.25.

This morning in pre-market, AAPL opened lower at 101.29 on high volume in conjunction with Futures and drifted down towards 100 through the morning as Futures worsened. Hitting a low of 99.66 at 5:36am, AAPL has managed to generally keep above 100 for most of pre-market and has made some ground into the mid-100 area as we approach the open. AAPL is currently down 2.29 at 100.42.

Classic max-pain is 105.

2016 starts with China worries and North Korea nuclear test:

Private-sector hiring accelerated in December to 257,000, ADP says:

Oil slides to new 11-year low:

Monsanto reports smaller than expected loss, trims outlook:

Starboard wants changes at Yahoo:

Sanofi pulls plug on Mannkind inhaled insulin:

Will China hurt your portfolio in 2016?

CES 2016 and the next Industrial Revolution:

Intel embraces Internet of Things:

Sony shows off at CES:

A $200 webcam?

MSI Vortex gaming PC review:

Razer's new Blade Stealth:,2817,2497488,00.asp

Misfit Announces 2 new products:

Building the fridge of the future:

Garmin At CES 2016:

Seagate's unveils Porsche drives:

Technics SL-1200 turntable returns:

Volkswagen's all-electric van:

Nearby, gassy black hole discovered:

Rare, stripped black hole:

Pluto vs. Charon:

Curiosity eyes sand dunes on Mars:

Sun's magnetic field may soon change?

Nano-reactor pumps out hydrogen biofuel:

Virgin Galactic's plans for spaceport:

Graphene can filter nuclear wastewater:

Nadine again, looking good:

Chipotle sales plunge:

Aspirin may decrease deaths from lethal prostate cancer:

More review of the top 38 diets:

New twins study focuses on cancer risk:

Drinking charges dropped against woman whose body brews alcohol:

I prefer the cedar flavor, myself:

Today's Economic Calendar:
7:00 MBA Mortgage Applications
8:15 ADP Jobs Report
8:30 Gallup U.S. Job Creation Index
8:30 International Trade
9:45 PMI Services Index
10:00 Factory Orders
10:00 ISM Non-Manufacturing Index
10:30 EIA Petroleum Inventories
2:00 PM FOMC minutes

Notable earnings after today's close: EXFO, MG, MGCD, NAUH, RECN

And tomorrow before the open: EMMS, FINL, GBX, JCOUF, KBH, NTIC, SCHN, SIG, SNVNF, STZ, WBA

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