Morning Blog 8/9/13

Friday August 9th 9:11 AM Posted in: Daily Blog

Markets are very flat this morning. China came in with better data overnight and not much movement in the Asian market. So far none of the major averages has broken down or broke out to the upside. BIDU did get an upgrade this morning and is up 4 dollars premarket. PCLN reported earnings last night and should become the first S&P stock to achieve the $1000 per share mark. AAPL had news quoted from Seeking Alpha this morning;

Apple's (AAPL) board members are pressuring Tim Cook over the company's "pace of innovation," Fox Business reports, with a shortage of groundbreaking new products "manifesting into pressure on Tim Cook to basically innovate, do something fast." However, "this doesn’t mean that Tim Cook is out of a job." The report comes amid Apple's falling market share and calls for cheaper and bigger iPhones, as well as speculation about an iWatch.

Not going to take up your time rambling this morning, going to be a busy day, our kicks off this morning and this afternoon we will prepare the Core Trade Commentary and formulate a plan for next week. Good luck to all, have an awesome day.



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