Stock Trading Today 9-7-16 | $AAPL

$AAPL iPhone 7

Apple iphone 7

Apple expected to unveil iPhone 7 on Sept. 7

Apple Inc. will likely release its next-generation iPhones and provide other hardware and software updates when it hosts an event at the historic Bill Graham Civic Auditorium in San Francisco on Wednesday, Sept. 7.

Many analysts expect the new phones to trigger a fresh upgrade cycle for the company, which follows two straight quarters of year-over-year sales declines for Apple’s biggest moneymaker.


How Apple’s stock tends to trade around its September event

Apple’s stock has historically risen 4% in the weeks after the event

Apple Inc.’s stock historically trades lower leading into its flagship September hardware event, then rebounds leading up to the next-generation iPhone’s actual launch a few weeks later, according to an analysis from UBS.

The data, which reflects historical short-term stock performance around Apple’s AAPL, +0.39%   product announcements, shows the stock increased an average of 4% from the early-September event to launch for the iPhone 5, iPhone 6 and iPhone 6s.


What to Expect From Apple’s September 7 Event

We expect to see the launch of the new iPhone 7 and iPhone 7 Plus, a second-generation Apple Watch with new bands, and refreshed Beats products.

We may also see the debut of Apple’s rumored wireless “AirPods” earbuds, and we’ll find out when iOS 10, macOS Sierra, tvOS 10, and watchOS 3 will officially launch. For details on all of Apple’s new products culled from the rumors we’ve heard over the course of the last year, read our below guide on what to expect, but beware — there are lots of spoilers! READ MORE — >>

On the Tape Today...

$TOL consecutive inside days. Look for a solid trend day today. Ultimate target of $32.25 (see chart)

$FB has surpassed our profit target. If you're swing trading a higher open is a profit taking open. Tough to initiate a new long here. Need a pause.

$TIF still looking for a spot to bid. Have not got caught guessing as it trades below the open. Stick with it, should be today. Look for yesterday's low to be a spot to buy.

$DIS continues to remain in the short sale list. A bearish trend day yesterday on a day the market closed near the highs. $93 sell stop.

$TOL 9-7-16 (Click to Enlarge)

$TOL 9-7-16

$TOL 9-7-16

U.S. stock futures wobble as traders wait for more Fed clues

Traders eagerly wait for Apple product launch

U.S. stock futures struggled for direction on Wednesday, as investors waited for more clues on the future path of U.S. interest rates with a duo of Federal Reserve speakers and a report on economic conditions on tap.

Investors were also eagerly waiting for a product announce by Apple Inc. later in the day, where the tech giant is expected to unveil a new iPhone.

Traders may get more clues on the Fed’s view on rates this morning, when Richmond Fed President Jeffrey Lacker and Kansas City Fed President Esther George testify at the House Financial Services panel on ‘Governance, Monetary Policy and Economic Performance’ at 10 a.m. Eastern Time.


Stock Market Today: Heatmap of the S&P 500

$SPY Heatmap 9-7-16

$SPY Heatmap 9-7-16

Stock Trading Today 9-7-16 | $AAPL iPhone 7

Nasdaq Closes At New All-Time High

Nasdaq Hits Record, Led By Facebook, But Apple Lags Ahead Of iPhone 7

The major market indexes closed higher Tuesday with the Nasdaq hitting a record high right at the bell as Facebook (FB) hit a new high, but Apple (AAPL) dipped ahead of its big media event.

The Nasdaq posted an all-time closing high Tuesday but couldn’t break free from recent sideways action on the stock chart.

Among top-rated stocks, action was more robust. Stocks posting new highs included China-based online marketer Alibaba (BABA), Boston-based cloud software provider LogMeIn (LOGM), China-based online gaming provider NetEase (NTES), China-based internet portal Sina (SINA) and California-based telecom play Lumentum (LITE).

Two leaders broke out. Social network operator Facebook (FB) cleared a 128.43 buy point, while entertainment software provider Activision Blizzard (ATVI) took out a 43.15 buy point.


Tape Reading the SPY ETF

$SPY closed hear the highs and near all-time highs.

Is this new buying or simply a lack of sellers? Common question but the wrong question.

I am reading a lot of articles like “the market is sideways,” and “no longer in an uptrend…” REALLY?

This sentiment is exactly why talented traders struggle. The  trend is up. Stop guessing a top and be long.

Could it be a top? Yes. Is it a good short? No.

$SPY 9-7-16

$SPY 9-7-16

Stocks in Play: $BABA research on

$BABA NEWS:Is Alibaba Stock Still a Bargain at 52-Week Highs? (BABA)

Concerns about the proliferation of counterfeit goods on its marketplace didn’t keep shares of Alibaba Group Holding Limited (BABA) from making a new 52-week high last week. The Chinese e-commerce giant saw its stock rise 4.4% in the past five trading days, closing on Friday at $99.25 – it’s highest level since January 2015.

Alibaba’s stock popularity comes as both the U.S. and international trade groups are calling on the company to impose restrictions on its website to prevent the growing number of counterfeit products that are being sold


Alibaba (BABA) Hits 52-Week High on Solid Growth Prospects

Shares of Alibaba Group Holding Limited (BABA – Free Report) touched a new 52-week high of $99.67 on Sep 2, eventually closing at $99.25.

The company returned 55.3% in the past one year and has added roughly 22.1% year to date. Average volume of shares traded over the last three months was approximately 14,541K.

What’s Driving Alibaba?

Alibaba Group is a Chinese e-Commerce giant which caters mainly to its native market. 

We continue to believe that Alibaba’s dominance in the mobile commerce market, its continued efforts to develop new products, international growth opportunities and growth initiatives in cloud and media will spur growth.


$BABA 9-7-16

$BABA 9-7-16

Stocks to Trade 9-7-16 | Wednesday Edition

Short-Term Trading Momentum:

Positive the last 20 and 5 trading days | closed 2% higher from the open: EOG, BIDU, SLW, BABA, TRGP, SRPT, LNG, TSO, NFLX, RRC, FB, TAP

Negative last 20 and 5 trading days | closed 2% lower from the open:

Quarterly Order Flow:


Bearish Stocks to Trade: hes, dg, tgt, nclh, cvs<$93, dltr, esrx, crm, bmy, gild, juno, 

2x Normal Volume: BABA, CTRP, HES, MON, BIDU, EOG, DG, VMW, LULU

Inside days: myl, nvda, teva, kr, bsx, ual, azn, cat, gsk, sm, cl, wynn, tol, cag

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