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Apple Today 1/04/2017 (AAPL)

seymour_greenz • January 4th 2017 10:51:18 AM

Good Morning,

S&P Futures are up 6 with +5 Fair Value, NASDAQ Futures are up 11 with +6 Fair Value and Dow Futures are up 45 on day #2 of the new year. Tesla (TSLA) reported yesterday afternoon that it fell short of 80,000 auto deliveries, its goal for in 2016 while Ford (F) and GM (GM) will release US December auto sales today. The annual CES is now underway in Las Vegas and will be the talk of all things tech this week.

This morning's economic calendar is busy with Mortgage Applications, Jobs Report, US Job Creation Index, Chain Store Sales followed by FOMC minutes and US Consumer Spending Measure this afternoon at 2pm.

Futures were up in early morning, marched up through pre-market and are near the highs as we approach the open.

Asian markets ended mostly up. China went up 0.73%, Hong Kong went down 0.07% and Japan gained 2.51%. European markets are down slightly. the UK is down 0.02%, France is down 0.01% and Germany is leading the decline, down 0.11%.

Commodities are mostly up this morning. Oil is up 0.84%, natural gas is down 0.84% and gold is up 0.35%. Unleaded gas is up 0.94% and heating oil is up 0.56%. Metals are up. Meats are down. Cocoa, coffee, cotton, corn, wheat and soybeans are all up.

Stock futures rise ahead of Fed minutes.

This afternoon after the bell, look out for earnings from Sonic Corp. (SONC).

Tomorrow morning before the open, Walgreens Boots Alliance, Inc. (WBA), Monsanto Company (MON) and Constellation Brands, Inc. (STZ) are expected to report.

A leading bullish WBA trade strategy is: When the 17 EMA is Below the 42 EMA AND the 5 day Smoothed Stochastics is Bearish, daily bars.

AAPL bounced on the upper-115 water line, splashing up 0.28% on relatively low volume. AAPL opened at 115.80 to high volume and quickly popped up to an intra-day high of 116.33 at 9:32am on high volume. AAPL subsequently sharply dropped to an intra-day low of 114.76 at 9:42am on high volume. AAPL bounced from the lows and made it back to the upper-115 zone on moderate volume before dripping back to the lows by lunchtime and then wallowing in the mid-115 zone for the majority of the afternoon on low volume with another test of the lows at 2pm. AAPL saw some bounce after 3pm and ran up into the close on relatively strong volume. AAPL ended the day up 33 cents at 116.15 and lost 9 cents in after-hours to 116.06.

This morning in pre-market, AAPL hugged the 116-line before dipping slightly into the open. AAPL is currently down 35 cents at 115.80 as we approach the open.

Classic max-pain is 115.

Stock futures rise ahead of Fed minutes:

The 401(k) mess:

Tesla Motors falls short of 2016 goal to deliver 80,000 vehicles:

Everything you need to know about the upcoming iPhone 8:

Your guide to the 2017 Consumer Electronics Show:

Robots, laptops and a giant flash drive:

Energous wireless charging coming later this year:

A wearable that records your every whim is coming to Carnival Cruises:

Intel rolls out the rest of the Kaby Lake CPU family:

Qualcomm says it shipped more than a billion IoT chips:

Zuckerberg is visiting all 50 US states:

Faraday Future showed the car that could make or break it at CES 2017:

Weird tech from CES 2017:

Finland trials basic income for unemployed:

Sunsets, clouds spin past in astronaut's stunning video of Earth from space:

Eskimos on Mars:

How long does it take to hatch a baby dinosaur egg?

Today you have a new organ:

Why you shouldn't use cotton swabs to clean your ears:

Breast cancer vaccine shows promising results in early-stage patients:

US states with the worst bed bug infestations:

Tennessee woman battling cancer gives birth to quadruplets:

Today's Economic Calendar:
7:00 MBA Mortgage Applications
8:15 ADP Jobs Report
8:30 Gallup U.S. Job Creation Index
8:55 Redbook Chain Store Sales
2:00 PM Gallup US Consumer Spending Measure
2:00 PM FOMC minutes

Notable earnings tomorrow before the open: NAUH, MG, RELL, RECN, *SONC*, LNDC

And tomorrow before the open: *WBA*, *MON*, RPM, SCHN, *STZ*, EMMS

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