Apple Today 11/21/2016 (AAPL)seymour_greenz November 21st 2016 10:43:39 AM
Welcome back. S&P Futures are up 5 with +6 Fair Value, NASDAQ Futures are up 1 with +3 Fair Value and Dow Futures are down 6 on this short Thanksgiving week. The economic calendar is light and the earnings calendar story turns out to be a cheerful monologue from Cheetah Mobile Inc. (CMCM), up nearly 5.5% while upcoming earners include Palo Alto Networks (PANW) and Weibo Corporation (WB) this afternoon and Analog Devices Inc. (ADI), Medtronic plc (MDT), Barnes & Noble Inc (BKS), Dollar Tree, Inc. (DLTR) and Movado Group, Inc. (MOV) tomorrow morning. Futures were up in early morning, dipped to a low at 4:30am and quickly bounced to new highs later in the morning and are near the highs as we approach the open.
Asian markets ended up. China rose 0.79%, Hong Kong went up 0.06% and Japan gained 0.77%. European markets are up. The UK is up 0.03%, Germany is up 0.29% and France is leading the advance, up 0.55%.
Commodities are mostly up this morning. Oil is down 0.24%, natural gas is up 0.14% and gold is down 0.12%. Unleaded gas is up 2.03% and heating oil is up 2.25%. Metals are up. Meats are mixed. Cocoa, coffee cotton, corn, wheat and soybeans are up.
US stocks Climb to record high as crude surges, dollar falls.
Cheetah Mobile Inc. (CMCM) reported Q3 results this morning with adjusted earnings of 8 cents per share and is up nearly 5.5% in pre-market.
This afternoon after the bell, look out for earnings from Jack In The Box Inc. (JACK), Copart, Inc. (CPRT), Palo Alto Networks (PANW) and Weibo Corporation (WB).
Tomorrow morning before the open, Analog Devices Inc. (ADI), Cracker Barrel Old Country Store, Inc. (CBRL), Campbell Soup Company (CPB), Dollar Tree, Inc. (DLTR), Medtronic plc (MDT), Barnes & Noble Inc (BKS), Burlington Stores, Inc (BURL), Kirkland's, Inc. (KIRK), Movado Group, Inc. (MOV), Hormel Foods Corporation (HRL) and Seadrill Limited (SDRL) are expected to report.
A leading bullish TSLA swing trade strategy is: When the 15 SMA is Above the 26 EMA AND the 39 day Smoothed Stochastics is Bearish, daily bars.
AAPL had a solid week, ending up 1.5% on mild volume. On Monday, AAPL threatened "panic mode" with a brief drain to 104 and ended down 2.5% on super high volume. On Tuesday, AAPL got a sweet smack back up to upper-107, ending up 1.32% on low volume. On Wednesday, AAPL fired up like a rocket, arcing up above 110 and ending up 2.69% on super high volume. On Thursday, AAPL dropped to 109 and then splashed back to 110, ending down just 0.04% on low volume. On OPEX Friday, AAPL landed up 0.08% on low volume. AAPL opened lower at 109.72 to high volume and quickly popped up to an intra-day high of 110.54 on high volume before settling back towards 110 on moderate volume. AAPL spent the rest of the day in a fairly narrow range hovering around 110 on low volume with periodic dips into the upper-109 area and pops into the low-110 zone. Not surprisingly, AAPL ended the day up 9 cents at 110.04 and then gained 23 cents in after-hours to 110.27.
This morning in pre-market, AAPL opened higher and hit a pre-market high of 110.57 later in the morning, despite chatter about Apple abandoning wireless router development and a negative comment from Oppenheimer about Apple "lacking courage in innovation". AAPL is currently up 13 cents at 110.19 as we approach the open.
Classic max-pain is 110.
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Today's Economic Calendar:
8:00 Stanley Fischer
Notable earnings this afternoon after the bell: BECN, CORI, ENTA, GLAD, *JACK*, *CPRT*, VIPS, *PANW*, SBLK, SINA, *WB*, TEDU, CISG, CIB, PNNT, GLBS
And tomorrow before the open: *ADI*, *CBRL*, DAKT, NM, DY, EV, AMWD, CHS, *CPB*, NADL, PDCO, SDRNF, *DLTR*, *MDT*, *BKS*, *BURL*, TECD, BLRX, CTRN, *KIRK*, ANCUF, DSW, QIWI, FSAM, INNL, EVLV, KGFHF, SIG, *MOV*, ZODFF, JEC, WNGRF, *HRL*, HQCL, GOGL, SDLP, *SDRL*, BCKIF, CMPGF, EVSNF, FRUTF, JMU