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Two Ways: Watch for Incoming iPods


Strengthen your portfolio in good times and bad.

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


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.

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