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Apple Today 1/12/2017 (AAPL)

seymour_greenz • January 12th 2017 10:54:45 AM

Good Morning,

S&P Futures are down 5 with -5 Fair Value, NASDAQ Futures are down 13 with -13 Fair Value and Dow Futures are down 32 on this action-packed Thursday. The digital currency Bitcoin soared to its highest level in more than 3 years last week, topping $1,100 and nearing an all-time record, but prices dropped sharply below $1,000 after news of Chinese regulators performing "spot checks" on Chinese bitcoin exchanges.

Today's earnings calendar is in hyper-drive with Initial Jobless Claims, Import/Export Prices, Fed's Harker: Economic Outlook, Fed's Evans: Monetary Policy, Bloomberg Consumer Comfort Index and EIA Natural Gas Inventory this morning followed by Fed's Bullard: U.S. Monetary and Economic Policy, Treasury Budget, Fed Balance Sheet and Money Supply this afternoon and a speech by Janet Yellen this evening.

Futures were down in early morning and scraped bottom at 4am before bouncing back to pre-market highs but are still down as we approach the open.

Asian markets ended down. China dropped 0.56%, Hong Kong went down 0.46% and Japan led the decline, down 1.19%. European markets are mostly down. The UK is up 0.04%, Germany is down 0.53% and France is down 0.14%.

Commodities are mixed this morning. Oil is up 1.72%, natural gas is up 3.16% and gold is up 0.36%. Unleaded gas is up 1.74% and heating oil is up 1.89%. Metals are up. Meats are mixed. Cocoa, coffee, cotton and soybeans are up while corn and wheat are down.

Weekly jobless claims rise, import prices push higher. German economy surges at fastest rate in 5 years.

KB Home (KBH) reported Q4 results yesterday afternoon with net income of 40 cents per share that beat expectations and is down nearly 0.5% in pre-market.

Delta Air Lines, Inc. (DAL) announced Q4 results this morning with better than expected revenue but lower net profit and is down over 1% in pre-market. Taiwan Semiconductor Manufacturing Company Ltd. (TSM) announced Q4 results with net income of 61 cents and is down over 0.5%. Advanced Drainage Systems (WMS) reported Q2 results with adjusted earnings of 35 cents per share and is up nearly 0.5%.

Tomorrow morning before the open, JPMorgan Chase & Co. (JPM), Bank of America Corporation (BAC), BlackRock, Inc. (BLK), First Republic Bank (FRC), Wells Fargo & Co. (WFC) and First Horizon National Corporation (FHN) are expected to report.

A leading bullish BAC trade strategy is: When the 15 EMA is Above the 45 DEMA AND the 8 day Stochastics is Bearish, daily bars.

AAPL branched upwards among an overcast sky, ending up 0.54% on low volume. AAPL opened at 118.70 to high volume and quickly popped to green on high volume before selling off over the morning on low volume and hitting an intra-day low of 118.60 at 1:17pm on low volume. AAPL sprouted back up later in the afternoon after 2pm on moderate to strong volume and made a intra-day high of 119.93 at 3:22 pm on moderate volume before settling back a bit into the close on moderate volume. AAPL ended the day up 64 cents at 119.75 and remained flat in after-hours to 119.75.

This morning in pre-market, AAPL opened lower in conjunction with Futures and scraped a pre-market low of 118.76 on Gartner and IDC publishing news of PC shipments in decline for 5th year before bouncing back towards 119 as reports of Apple taking entering the content business seriously. AAPL is currently down 75 cents at 119 as we approach the open.

Classic max-pain is 117.

Weekly jobless claims rise, import prices push higher:

German economy surges at fastest rate in 5 years:

Delta Air net profit falls 37%:

Drug industry feels a "twitterquake":

Gartner says 2016 marked 5th year of falling PC shipments:

Apple reportedly wants hit TV dramas of its own:

Is Apple already winning the wireless headphones market?

Samsung foldable phone could become reality this year:

Google confirms end of internet drone project:

Facebook has all but admitted it's a media company:

Facebook now wants to read minds:

Microsoft staff suffering from PTSD:

Xiaomi moves past supply issues, aims for $14B revenue in 2017:

Is Opera Neon the future of web browsers?

Despite $34 million in pre-orders, Lily camera drone canceled:

Fitbit reportedly held talks to acquire Jawbone:

How old is the moon?

A very cold story:

Antarctica is about to lose an enormous piece of ice:

Baboons can make humanlike speech sounds:

"Star Wars gibbon" is new primate species:

Rare evidence of pregnancy-related death found at ancient Troy:

IBM bets on the blockchain to keep your medical data safe:

Does Nutella cause cancer?

Parents view new peanut guidelines with guilt and skepticism:

Physically active men may improve their prostate cancer prognosis:

Why stress makes you more likely to have a heart attack:

Do your exercise one day a week if you have to:

Today's Economic Calendar:
8:30 Initial Jobless Claims
8:30 Import/Export Prices
8:30 Fed's Harker: Economic Outlook
8:30 Fed's Evans: Monetary Policy
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
1:00 PM Results of $12B, 30-Year Note Auction
1:15 PM Fed's Bullard: U.S. Monetary and Economic Policy
2:00 PM Treasury Budget
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
7:00 PM Janet Yellen speech

Notable earnings this afternoon after the bell: RMCF, NEPT, URPTF

And tomorrow before the open: *JPM*, *BAC*, *BLK*, *FRC*, PNC, *WFC*, *FHN*

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