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Apple Today - 1/07/2016 (AAPL)

seymour_greenz • January 7th 2016 09:47:18 AM

Good Morning,

Yikes, it's looking like the market is "leaping" into a fire sale out there, doesn't it? But, is there any hint of life? NASDAQ Futures are down 136 with -125 Fair Value, Dow Futures are down 399 on this particularly skittish January Thursday, complete with a busy economic calendar. Futures were down in early morning and took a turn for the worse at approximately 4am and have been generally down since.

China's market was halted again within the first half hour of trading, closing down a stunning 7.04%. Hong Kong also dropped 3.09% and Japan ended down 2.33%. European markets are also deep in the red again today with the UK currently down 2.79%, France down 2.76% and Germany leading the decline with a 3.43% loss.

Commodities are mixed this morning. Oil is currently down 3.56%, natural gas is up 1.76% and gold is up 1%. Unleaded gas is down 0.82% and the rest of energy is down (besides natural gas). Gold and silver are up while platinum and copper are down. Cocoa, coffee, corn, soybeans and wheat are down. Meat is mostly up and cotton is flat.

Oil slides to 2011 low while US jobless claims fall from 5-month high.

Earnings season looms and today we will get a preview of it. This afternoon, look for earnings from Bed Bath & Beyond (BBBY), Barracuda Networks (CUDA), Ruby Tuesday (RT), The Container Store Group (TCS) and WD-40 Company (WDFC).

AAPL had another awful day yesterday, struggling to hold a meager point or so above 100 and closing the day at 100.7, down 1.96%. Down hard in pre-market, AAPL opened at 100.50 to heavy volume and recovered 101 minutes later on high volume and 102 by 10am on moderate volume. Peaking at 102.37 at 10:30, AAPL began a compression back down where 101 was lost mid- lunchtime and AAPL later struggled the rest of the day to keep above 100 with an intermittent break and an intra-day low of 99.87 on high volume. AAPL ended intra-day trading down 2.01 and recovered 26 cents back in after-hours to close at 100.96.

This morning in pre-market, AAPL opened lower in conjunction with Futures on high volume and dipped to mid-96 just ahead of 4:30am. AAPL then gravitated towards 98 in recovery and has pushed ahead towards 99 on high volume as we approach the open. AAPL is currently down 1.81at 98.89.

Classic max-pain is 104.

Chinese stock plunge forces a trading halt and global markets shudder:

14 minutes of terror:

US jobless claims fall from 5-month high:

Oil slides to 2011 low:

Fed raised rates as inflation debate continued:

Will euro will fall to parity with dollar?

Italy's jobless rate falls to 3-year low:

Walgreens beats on prescriptions but retail sales slide:

J.C. Penney posts holiday sales gain:

Apple chain rumors:

How much does Tim Cook make?

Amazon’s now selling its own brand of processors:

Windows 10 privacy details:

Google translated Russia to "Mordor":

Does Fitbit have a chance?

Chevy vs.Tesla?

Meet Segway personal robots:

Bluetooth pregnancy test:

Oculus Palmer Luckey, "No More Ballparks":

The $24,900 joke Alp Watch:

Step inside the mega-drone:

Charge your devices by walking:

Could dense star fields be home to ET?

"See" a black hole for the 1st time:

When dinosaurs danced:

Study finds weather disasters took a heavy toll on crops:

DNA editing advances:

Glowing tumors for surgery:

Survey indicates bisexuality on the rise:

Battle over lean meat diet:

Meet a neat tiny calorie-counting gadget:

Money-related New Year's resolutions:

Today's Economic Calendar:
Chain Store Sales
7:30 Challenger Job-Cut Report
8:30 Gallup Good Jobs
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
2:15 PM Fed's Evans: U.S. Economy
4:30 Money Supply
4:30 Fed Balance Sheet

Notable earnings after today's close: ANGO, *BBBY*, *CUDA*, FC, HELE, PSMT, *RT*, SNX, *TCS*, *WDFC*

And tomorrow before the open: AYI, AZZ, SYRG

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