Apple Today - 08/24/2015 (AAPL)seymour_greenz August 24th 2015 09:30:02 AM
I'm sorry to report NASDAQ Futures are down 209 with -203 Fair Value, Dow Futures are down 850. It's hard to believe that we could see another brutal drop even exceeding the worst day of the year on Friday. As China shares dropped nearly 9% today, then infecting European stocks which are down 3%, it seems that US stocks may be next in line for more troubles. Oil tumbles. Earning season is wrapping up, Best Buy (BBY) reports tomorrow before the bell.
Last week AAPL dropped over 10 points, or nearly 9% in a single week. After peaking for the week in the upper 117s on Monday afternoon, the slide down was pretty continuous from Monday to Friday with AAPL ending the week at 105.76.
This morning in pre-market, AAPL opened at 105.44 and instantly sold off to 101.29 on 32,400 shares in "darkness" until 6am. AAPL surfaced at 6:04am near 101.86 and dipped down to 100.82 around 45 minutes later with a brief attempt at 102 at 7am on nearly 14k shares. Since, AAPL has sold off on extremely high volume, breaking 100 and reaching a low of 98.24 at 8:16am on several hundred thousand shares. AAPL is currently down a shocking 9.71 at 96.04.
Classic max-pain is 112.
China continues its influence:
Sharpest fall for China since 2007:
Dow headed below 16,000:
Nasdaq hits 5% limit:
Rouble, oil sink:
Watch Apple improve it:
Android Pay coming this week?
Chipotle is hiring!
Are you creative?
Today's Economic Calendar
8:30 Chicago Fed National Activity Index
Notable earnings after today's close: PINC
And tomorrow before the open: BBY, DSW, SAFM, SXI, TOL, VAL