9/4/2013 Morning Blog

I finally ended my long weekend and looking forward to navigating us through the most volatile 30 days of the year. Not a lot of news this morning, futures were flat until we got the news that AAPL will be holding a first ever media event in Beijing the day after their media event in California announcing their new product line. Possible China Mobile announcement. To top that off, Carl Icahn and Tim Cook the CEO of AAPL have agreed to a luncheon around the same time frame to discuss further buybacks and investments. Truly going to be some exciting times around AAPL again for the next week or so. Please reference the AAPL chart as the feature chart of the day. As of this writing AAPL is set to open at $499, a close above the previous bar at 500.60 or higher will show higher prices ahead. Believe it or not we still have the September 465 Calls we put in play last month that could again turn very profitable. To top the whole thing off we may get a "Golden Cross" (50 day EMA crossing up through the 200 day EMA) for the first time since May 2009, perfect timing for the Christmas season kickoff.

Hope everyone got their gift cards from the survey we really appreciate you taking the time to send them in. I am going to try and find time this weekend to pull a few of the most glaring survey stats and post them here so we can discuss them