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Two Ways: Watch for Incoming iPods

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Strengthen your portfolio in good times and bad.

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New Apple iPods Coming?

Apple (AAPL) could unveil a new line of iPods as soon as next week. According to the Wall Street Journal, the Cupertino, California-based company has already sent out invitations to media and analysts for a "special event" in San Francisco on September 9. Some are speculating a new iPod Touch could have a built-in camera feature which might also appear on the classic iPod and nano models.

Sales for the music players have slowed in recent times due in part to popularity of the iPhone. Last quarter, the company reported an 11% decline in iPod revenue because of "cannibalization" from the iPhone.

From the Bull Pen: For today, bulls can look to Research In Motion (RIMM). The stock, sitting in green while stock futures are currently down, hints at higher demand. It could lead to the upside, especially if the tape turns. For those playing it, remember to set a 2% trailing sell stop.

From the Bear Cave: In tech, bears can keep an eye on Baidu (BIDU). Watch for a convincing break of the 50-day moving average (around $324). Risk management is key in these types of plays, so a 2% buy stop above entry could be prudent.

Quick Check Around the World

Asian trading closed with the Nikkei 0.36%, India -0.74%, Hang Seng 0.75, Shanghai 0.60%, and Taiwan 2.84%.

Across the pond, we see the FTSE -1.35, CAC -0.96%, DAX -1.64

As of 8:10 a.m. EST, S&P Futures are trading -4.75 to 1015.00 and Nasdaq futures are -7.00 to 1618.00.

A Look at Commodities

Over in commodities, crude oil is unchanged at 70.01 while gold is -2.10 at 951.40 this morning. Silver is -0.143 to 14.78 and copper +1.500 to 282.30.

The dollar index is +0.1350 to 78.3550.

On the Radar

Economics

10:00 Construction Spending -0.2% cons.
10:00 ISM Index 50.2 cons.

Click here for the full trading radar.

Good luck today!
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No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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