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Apple Today 12/27/2016 (AAPL)

seymour_greenz • December 27th 2016 10:57:53 AM

Good Morning,

Welcome back. S&P Futures are up 2 with +1 Fair Value, NASDAQ Futures are up 6 with +6 Fair Value and Dow Futures are up 3 as we return our focus back to the markets on this Tuesday after the long holiday weekend. Notably. the Indian Sensex index notched up its biggest single-session rally in about 3 weeks, climbing 1.6%. Oil prices are steady before the first "OPEC and non-OPEC" output cut deal in 15 years goes into effect on January 1. Snap is reportedly buying augmented reality startup Cimagine Media for an estimated $30-$40M. Rogue One had a second straight win at the box office over the Christmas weekend, pushing Disney (DIS) past its record $7 billion in annual global ticket sales.

Today's economic calendar is wasting no time getting back to business with Case-Shiller Home Price Index, Richmond Fed Mfg., Consumer Confidence, Investor Confidence Index and Dallas Fed Manufacturing Survey, all reporting this morning.

Futures were down slightly in early morning and sunk to lows just before 6am, then popped up sharply into positive territory and are near the highs as we approach the open.

Asian markets ended mostly down. China went down 0.25%, Hong Kong dropped 0.28% and Japan went up 0.03%. European markets are up. The UK is closed, Germany is up 0.14% and France is up 0.14%.

Commodities are mixed this morning. Oil is down 0.11%, natural gas is up 1.36% and gold is up 0.66%. Unleaded gas is up 0.43% and heating oil is up 0.14%. Metals are up. Meats are down. Cocoa and coffee are up while cotton, corn, wheat and soybeans are down.

Home prices in 20 US cities increased 5.1% in October. Oil edges further above $55 ahead of supply cut deal.

A leading bullish MSFT trade strategy is: When the 10 SMA is Above the 27 DEMA AND the 5 day Smoothed Stochastics is Bullish, daily bars.

AAPL had a cheerful week, ending up 0.47% on low volume. On Monday, AAPL came out of its shell and broke 117, ending up 58% on low volume. On Tuesday, AAPL had a bright day at the 117-line, ending up 0.27% on low volume. On Wednesday, AAPL made some artwork with splashes of green and red bars around 117, ultimately ending up 0.09% on very low volume. On Thursday, AAPL surfed the 116 wave, ending down 0.66% on low volume. On Friday, AAPL ended up 0.20% on ghostly volume. AAPL opened at 115.80 to relatively high volume and immediately set an intra-day low of 115.75 before turning green and pushing up into the mid-116 area on mild volume. AAPL subsequently dipped back towards 116 on low volume, touching 116 at 11:20am on low volume before bouncing back to green by lunchtime and pushing back to near the highs in early afternoon. AAPL held the mid-116 zone well in a narrow range in the afternoon before pushing up into the close and setting an intra-day high of 116.52 on moderate volume. AAPL ended the day up 23 cents at 116.52 and gained 3 cents in after-hours to 116.55.

This morning in pre-market, AAPL picked up with Friday's close and made a dash for 117 on news of most significant upgrade in years with 3 models of iPhone 8 from KGI before slipping back towards mid-116. AAPL is currently up 9 cents at 116.61 as we approach the open.

Classic max-pain is 115.

Home prices in 20 US cities increased 5.1% in October:

Oil edges further above $55 ahead of supply cut deal:

Asian shares mostly higher in thin trading ahead of New Year:

Tesla, Panasonic to begin solar panel production in New York:

Chinese investors buy stake in mapping firm HERE:

Apple releases first research paper on artificial intelligence:

Apple AirPods review:

Will Apple release a 5-inch iPhone with vertical dual cameras?

2016 brought continued iPhone success, Moto surprises and the rise of Huawei:

New Amazon Echo? Here are some tips:

Zuckerberg's challenge to Facebook and himself:

LG's levitating speaker floats for 10 hours:

Will VR get real in 2017?

Are 2017's hot new smartphone brands Nokia and BlackBerry?

The 10 biggest spaceflight stories of 2016:

Vera Rubin, who confirmed existence of dark matter, dies at 88:

Scientists created the thinnest wires yet made of atoms coated in diamonds:

Arctic heatwave could break records:

Dinosaur that lost teeth as an adult may explain why birds have toothless beaks:

Deaths from drug overdoses by age:

The new "100% effective" Ebola vaccine owes a debt to the scientists who beat smallpox:

Infant matches to donated liver after 40 minutes on organ wait list:

Today's Economic Calendar:
9:00 S&P Corelogic Case-Shiller Home Price Index
10:00 Richmond Fed Mfg.
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index
10:30 Dallas Fed Manufacturing Survey
1:00 PM Results of $26B, 2-Year Note Auction

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