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Nasdaq Data Dissemination Halted As Nasdaq Proxy Apple Sells Off

Tyler Durden's picture





 

Something odd is going on with the market today: the NASDAQ has, for reasons unknown, halted disseminations and while we are trying to figure out what the reason for this odd market moving event is, confirmed by major sustained negative ticlks, we are looking at the one stock that is more indicative of the Nasdaq (with a 20% weighting) than any other company: Apple. Judging by the chart, there are some very peculiar technicals in process. Just like Greek rioting prompted the flash crash, will today's Egyptian televised attempt at revolution force the Nasdaq to impose a market wide circuit breaker?

 


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Fri, 01/28/2011 - 11:19 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

NASDAQ servers co-located with iTUNES servers in Damascus.

Fri, 01/28/2011 - 11:21 | Link to Comment Quinvarius
Quinvarius's picture

America realizes its entire corporate workforce has been outsourced to various revolution prone countries.

Fri, 01/28/2011 - 11:52 | Link to Comment divide_by_zero
divide_by_zero's picture

Spot on. We just went thru something close to that not too long ago with our fab in Thailand. Thai 2nd shifters had to stay overnight during curfew, stateside guys over there were a little freaked, locked down in hotel.

Fri, 01/28/2011 - 12:18 | Link to Comment LowProfile
LowProfile's picture

Paging HarryWanger...

Paging HarryWanger...

Fri, 01/28/2011 - 15:26 | Link to Comment asteroids
asteroids's picture

And yesterday the NYSE invokes funny rules to control the opening panic. Come on now, does anybody think this is a fair and open market.

Fri, 01/28/2011 - 13:36 | Link to Comment SoCalBusted
SoCalBusted's picture

CFOs never consider the price for cost cutting.  A competitor of ours has some critical back office operations in Egypt.  We've been selling against them on this point for years.  Feeling pretty good right now.

Fri, 01/28/2011 - 14:02 | Link to Comment The Count
The Count's picture

The *** idots that outsourced America should be forced to spend some time in those countires, like in Egypt right now.

Fri, 01/28/2011 - 11:20 | Link to Comment jus_lite_reading
jus_lite_reading's picture

Well, yet ANOTHER GREEN SHOOT to rally the markets! (TD, the drop is a laugh! It's down only $4.00!)

 

But I will say, the snow is giving them reasons to invoke Rule 48 again!

Fri, 01/28/2011 - 11:24 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Snow & cold

Fri, 01/28/2011 - 11:43 | Link to Comment hardcleareye
hardcleareye's picture

++

Fri, 01/28/2011 - 11:44 | Link to Comment hardcleareye
hardcleareye's picture

++

Fri, 01/28/2011 - 11:53 | Link to Comment erik
erik's picture

Today will not buy back to green. 

Buy at the close for a one day upside trade on Monday, then sell everything on Monday close.  Everything.

Fri, 01/28/2011 - 11:57 | Link to Comment oogs66
oogs66's picture

First and last day of the month.

 

Since data hardly seems to drive the market - I can't really remember the last time we had a big move that was in line with the data - I figured its a good time to revisit the daily performance at month end and start of month.  As a reminder, there was a lot of noise earlier this year when people realized that of the S&P 500's 143 point gain in 2010, 134 of those points came on the just the first trading day of each month.  The last day of each month had a combined trading loss of 68 points.                                                                                                                                      I think the first day of the month trade got a lot of attention. I suspect people will try to play that this month, especially after January's strong open.  Is going long the first day a great strategy?  Certainly last year it seemed that way, with an average return of 11 points, a median return of 13, but the range was very high.  The best month was +31 but the worst was -19, and there was one other negative month.  Being short the last day was not a bad trade either.  The average for final trading session was -6 with a median of -4 and 'best' month was -20 with the 'worst' month being +2.  For some reason, this seemed to garner less attention than the positive first day trading results.                                                                                                                                                       So with data mixed at best, and stocks struggling to follow the data, I might as well trade this.  My guess is that people will want to be long coming into Tuesday.  It may explain some of the upward bias we've seen this week, along with the 'if you didn't like the market at 1,200, you have to love it at 1,300' mantra coming from the momentum crowd.  So I don't expect to see a negative day on Monday.  If anything I plan on shorting into the close and leaving more room to short at 9:45 on Tuesday in case we get an initial spurt that is piled into.  Obviously there could be some major news, but away from that I will trade to fade any Feb 1 rally.  I'd only short a little on Monday, and be ready to sell into any strong open on the Tuesday.  We will still likely get an up day - the market has been drifting higher - but I suspect there will be a good chance to make some money as we close lower than where we get to on that initial surge.                                                                                                                                                  And is it just me, or in addition to spurring the stock market on, QE2 seems to have brought on a way of civil unrest and riots in some developing countries? Maybe that's just a coincidence.

Fri, 01/28/2011 - 12:13 | Link to Comment erik
erik's picture

You make a good point.  Monday is last day of the month.  Tuesday is the first day of next month (and ISM consequently).  I need to go back and look at last day of month performance and first day of month performance since the Mar'09 bottom because that could be enough to offset the data I am using as a basis for my call.

Fri, 01/28/2011 - 11:20 | Link to Comment Racer
Racer's picture

The have turned off the internet so iPhones, iPads and all iThings no longer needed

Fri, 01/28/2011 - 11:20 | Link to Comment OMG
OMG's picture

Something Odd goes on in the market every day!

 

Hail to the money changers!

 

Hail to the money changers!

Fri, 01/28/2011 - 11:21 | Link to Comment HamyWanger
HamyWanger's picture

-0.70%, that's what you call a "sell off"???

I can't believe the disinformation on this site. AAPL will close green, like every other day.

Fri, 01/28/2011 - 11:29 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

AAPL will close green, like every other day.

In perpetuity. They are  even changing the name from Apple to Green Apple.  New ticker is GAAPL.

Fri, 01/28/2011 - 11:30 | Link to Comment Bill Lumbergh
Bill Lumbergh's picture

You were "Hamyied"...there are no many Wanger impersonators here I lost count.

Fri, 01/28/2011 - 11:45 | Link to Comment Spastica Rex
Spastica Rex's picture

Where is the real Harry?

Have the meta-trolls (Hamy, Harny, etc.) driven him away with their preemptive dick-head commentary?

One can hope.

Fri, 01/28/2011 - 12:18 | Link to Comment HarryWanger
HarryWanger's picture

I'm here. I do have to agree with Hamy a bit, AAPL is barely down and the NAZ is getting hit hard. I'm still holding all my shares, once Jobs announces he's coming back, AAPL will tack on 10% in a heartbeat.

Fri, 01/28/2011 - 12:22 | Link to Comment SheepDog-One
SheepDog-One's picture

Keep holding that scam Harry!

Fri, 01/28/2011 - 12:36 | Link to Comment LowProfile
LowProfile's picture

LMAO.  Apple is down 1.47%, NAS down 1.82%.  You need to change your avatar to CNBC's logo.

Fri, 01/28/2011 - 11:29 | Link to Comment nonclaim
nonclaim's picture

I prefer red apples.

Fri, 01/28/2011 - 14:28 | Link to Comment Clapham Junction
Clapham Junction's picture

(d)

Fri, 01/28/2011 - 11:31 | Link to Comment Citxmech
Citxmech's picture

I think the point is that when AAPL falls 0.70%, their masters feel the need to step in and interfere with the "free market."

Fri, 01/28/2011 - 11:43 | Link to Comment fallingman
fallingman's picture

disinformation

James Kostohryz meet Daniel Ivandjiiski ...

It all a Alternate Reality Game. Hurry pick a side ...

ARG I say ...

Fri, 01/28/2011 - 11:47 | Link to Comment homersimpson
homersimpson's picture

Like you have any control over APPL. Who the hell appointed you as Steve's Jobs ZH bitch?

Fri, 01/28/2011 - 12:22 | Link to Comment SheepDog-One
SheepDog-One's picture

HAMY hows yer Apple??

Fri, 01/28/2011 - 13:59 | Link to Comment bbucks
bbucks's picture

Tiny Tim is that you??? 

Fri, 01/28/2011 - 11:21 | Link to Comment bunkermeatheadp...
bunkermeatheadprogeny's picture

financials starting to drop since the announcement

Fri, 01/28/2011 - 11:22 | Link to Comment AGoldhamster
AGoldhamster's picture

no surprise - see FTSE where the rats already left in european session ..

Fri, 01/28/2011 - 11:23 | Link to Comment bunkermeatheadp...
bunkermeatheadprogeny's picture

Major announcment: Steve Jobs has been a hologram for the last year, his ashes were spread into the plastic casing mix of all i-phones.

Fri, 01/28/2011 - 14:27 | Link to Comment Clapham Junction
Clapham Junction's picture

(d)

 

Fri, 01/28/2011 - 11:23 | Link to Comment sudzee
sudzee's picture

Nas will be back up as soon as repricing in SDR's has been completed.

Fri, 01/28/2011 - 11:26 | Link to Comment The Axe
The Axe's picture

Hey  HAMY bet you a fucking cheeseburger AAPL does not finish in the green.

Fri, 01/28/2011 - 11:27 | Link to Comment economists_do_i...
economists_do_it_with_models's picture

I predicted something like this would happen yesterday in a post on ZH.  Kinda funny/ironic to see it become reality a day later.  lol

 

Fri, 01/28/2011 - 11:28 | Link to Comment bania
bania's picture

internet dark zones... gold and silver popping woodies... waddell and reed pay the nasdaq a visit... anything else going on?

Ovaltine.  Have you ever had this stuff?

Fri, 01/28/2011 - 11:37 | Link to Comment hardcleareye
hardcleareye's picture

Ovaltine, ughhhh nasty disgusting dairy processing, floor sweepings stuff......  yuck...

Try Boiled Cider (cider boiled down to a 1:4 ratio) with some rum, served hot with a little cinnamon.... mmmmm

Fri, 01/28/2011 - 12:19 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

once wuz enuf.

i'm having black tea w/ lemon and ginger.

Fri, 01/28/2011 - 11:29 | Link to Comment Miss Expectations
Miss Expectations's picture

Steve Jobs was spotted at Charlie Sheen's party last night, having adopted a new approach to handling his dire health prospects.

Fri, 01/28/2011 - 11:29 | Link to Comment donkeydog
donkeydog's picture

Egyptian swans are black I guess.

 

 

Fri, 01/28/2011 - 11:30 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Meanwhile, doesn't the USDX resemble this right now? No website is showing it.

Something big is up.

ORI

http://aadivaahan.wordpress.com/2011/01/26/a-ha-ahahaha/

Fri, 01/28/2011 - 11:31 | Link to Comment The Axe
The Axe's picture

Buy gold and oil sell aapl and gm   

Fri, 01/28/2011 - 11:31 | Link to Comment oh_bama
oh_bama's picture

Just one word: BTFD!!

Fri, 01/28/2011 - 11:33 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Since Apple stock represents about 40% of global wealth*, this could be problematic.

 

 

*I jest. Slightly.

Fri, 01/28/2011 - 11:33 | Link to Comment Cdad
Cdad's picture

The oiled up USD stud man [aka gool] is busting down the door in L. Blankfein's office.  Now, I warned everyone about this.  Apparently, little Miss Euro, who was spotted at the Free bar at the Roach Motel [SPY], has accidentally started a fire in the ladies room with her crack pipe.  The Roach Motel is now taking out the weekly low.

Now lord knows that L. Blankfein has been in Fight Club training, but I rather think if the stud man gets out, there is going to some very curious movies released on the interweb...movies that SEC agents might well be interested in watching.

As for the NASDAQ problem, of course they would have a dissemination problem on the day that it was learned that certain electronic gadgets have been causing people to crave human flesh.  Harry, you should probably start brushing up on your zombie survival information right about now.

 

 

Fri, 01/28/2011 - 11:36 | Link to Comment FunkyMonkeyBoy
FunkyMonkeyBoy's picture

And people have their labor earned life savings in this crock of crooked crap 'market' via pensions, savings and other ponzi-instruments?

Are people utterly stupid... the answer is yes unfortunately.

For goodness sake, for those rare few with sanity, leave the Bernank with this bag of overpriced crap... not to be confused with the bag that will be over his head when he is hanging from the lamp post the day after the end game.

Fri, 01/28/2011 - 11:58 | Link to Comment Boilermaker
Boilermaker's picture

Surely, you remember the proposal to slam the Social Security trust fund (which is empty) into the market...just before the collapse.  Right?

Fri, 01/28/2011 - 11:38 | Link to Comment Weatherman
Weatherman's picture

What does it mean that they stopped 'Data dissemination' Has trading stopped?  Or simply the release of information to the public?

Why would anyone want to put money into a stockmarket they can't even get any data from?

Fri, 01/28/2011 - 11:42 | Link to Comment Racer
Racer's picture

Exactly... they don't want the sheeple to see any selling so they switch it off

Fri, 01/28/2011 - 11:45 | Link to Comment Weatherman
Weatherman's picture

So what is the real end game here, if the markets are now completely and utterly manipulated, total collapse in the next 6 months, year?

 

I feel like I am living in the twilight zone!

Fri, 01/28/2011 - 12:13 | Link to Comment Oh regional Indian
Oh regional Indian's picture

We're looking to you Weatherman, to tell us which way the wind  blows...

ORI

Fri, 01/28/2011 - 12:55 | Link to Comment StychoKiller
StychoKiller's picture

Looks like Egyptians are bailing out of US equities so they can buy more gas masks...

Fri, 01/28/2011 - 11:41 | Link to Comment buzzsaw99
buzzsaw99's picture

crAAPL under 340 is a steal!

BTFD

That is all.

Fri, 01/28/2011 - 11:44 | Link to Comment Sophist Economicus
Sophist Economicus's picture

Quick, get the Viagra!

Fri, 01/28/2011 - 11:47 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Viagra is not going to cut it 'when the mood is right.'

Think straight freebasing. All's well that ends well. Ask Richard Pryor.

Fri, 01/28/2011 - 11:48 | Link to Comment hardcleareye
hardcleareye's picture

Ahh a hard man is good to find.....  (even if he is an old goat and past his prime)....

Fri, 01/28/2011 - 11:48 | Link to Comment spartan117
spartan117's picture

Nasdaq is having a reporting problem for their composite index.

Fri, 01/28/2011 - 11:49 | Link to Comment Crispy
Crispy's picture

Wait a minute here, isnt India the Hoosier state? Revolution prone states? I dont get it...

Fri, 01/28/2011 - 11:50 | Link to Comment Hedgetard55
Hedgetard55's picture

I hope Harry Wanger, Hamy Wanker and Harry Wanqer all took my advice from yesterday and took profits in AAPL. It has topped.

Fri, 01/28/2011 - 11:52 | Link to Comment TruthInSunshine
TruthInSunshine's picture

It's musical chair time, sponsored by the 40% of hedge funds holding large positions in Apple.

Who will be the greatest fool?

There's nothing here that makes this a volatile situation.

Naaaaaaah.

Fri, 01/28/2011 - 11:56 | Link to Comment raya123
raya123's picture

As I have been saying, the euro's descent which started today will drag down the S&P and will drive gold higher, probably until around May.  QE2 and POMO X 2 will be powerless to stop it.

http://finance.yahoo.com/echarts?s=EURUSD=X+Interactive#chart1:symbol=eu...

Fri, 01/28/2011 - 12:07 | Link to Comment Ferg .
Ferg .'s picture

Anyone looking at crude ? WTI up $ 2.50 a barrell and climbing .

Fri, 01/28/2011 - 12:10 | Link to Comment papaswamp
papaswamp's picture

Problems in North Africa spilling into Arab states causing a bit of concern...suez canal issues?

Fri, 01/28/2011 - 12:30 | Link to Comment Ferg .
Ferg .'s picture

Wonder what will happen if these protests spread further . Crude could be in for a rollercoaster .

Fri, 01/28/2011 - 12:08 | Link to Comment Bruno the Bear
Bruno the Bear's picture

Well, maybe the light is beginning to dawn and expose what happens to cloud computing when the internet is shutdown. Epic hosing going on for anyone in those countries trying to access personal or corporate data in "the cloud". And all those cloud based companies - NFLX and AMZN come to mind - are closed for business.

Fri, 01/28/2011 - 12:15 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

How are all those doctors going to get access to "life-saving information" via GE's electronic medical records? 

Either this kills patients, or GE is full of shit.  I bet on the later.

Fri, 01/28/2011 - 12:11 | Link to Comment papaswamp
papaswamp's picture

It's like a 'deja vu' event in the Matrix...it means 'they' changed something.

Fri, 01/28/2011 - 12:23 | Link to Comment bunkermeatheadp...
bunkermeatheadprogeny's picture

+1

Fri, 01/28/2011 - 12:11 | Link to Comment shushup
shushup's picture

GIVE ME A FREAKIN BREAK. APPLE IS ONLY DOWN 3 POINTS! I HOPE IT DOES SELL OFF BUT SO FAR IT'S DOING WELL BY COMPARISON TOT HE REST OF THE MARKET.

Fri, 01/28/2011 - 12:16 | Link to Comment papaswamp
papaswamp's picture

OPEC Basket Crude up $1.62 to $93.42
WTI up $1.68 to $87.32
Brent up $1.60 to $98.12

Fri, 01/28/2011 - 13:02 | Link to Comment donkeydog
donkeydog's picture

Crapple down over 8 now.  Oh the humanity.  Hindenberg blimps in place.  Commence bullkill operation 2011.

Fri, 01/28/2011 - 13:04 | Link to Comment Grand Supercycle
Grand Supercycle's picture

The parabolic APPLE chart gave all the warnings weeks ago.

http://stockmarket618.wordpress.com/2011/01/18/tues-jan-18

Do NOT follow this link or you will be banned from the site!