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AAPL Rampapalooza Saves The Day

Tyler Durden's picture




 

Volumes picked up for most of the day as US equity markets jerked lower - back to pre-QEternity levels - and AAPL slide ever so gently all day to touch its 50DMA. With about an hour to go, it was clear something had to be done and AAPL levitated on small-lots (as opposed to the bigger lots on the selling) as it pushed back up to VWAP automagically - and dragged the S&P futures back above its VWAP and into the green. Highest AAPL volume in almost a month but trade-size was average as S&P futures levitated 8 points in a straight line and VIX was banged back from 16.5% to 15.7% (down 0.6vols on the day). Stocks were in a world of their own in this liftathon - as Treasuries wiggled along at the low yields of the day and the USD rose all afternoon (from Europe's close). Oil tumbled under $92 and commodities in general slid slightly lower (though intraday vol was high). Staples and HealthCare remain the only post-QEternity sectors in the green. Finally, today's S&P futures action looked more like a EKG than equity trading and with volume leaking badly, things feel a little W&R-like.

 

Stocks ended this afternoon in a risk-world all of their own - as our risk-asset-proxy (CONTEXT) would not play along...

 

As AAPL's small-lot (yellow-bars in chart h/t @eminiwatch) algo-liftathon to VWAP (red line) dragged the world of stocks up...

 

and the jerky-nature of S&P futures today was remarkable with 2-4pts snaps and then the straight-line tickle-algo into the close...

 

Though the week's action and 'recoupling' in Gold/Stocks/USD might explain where the energy for the ramp came from... though Treasuries sulk along the bottom...

 

But S&P sectors certainly tell a less-than-exuberant, high-beta-chase story post-QEternity...

 

Charts: Bloomberg and Capital Context

 

Bonus Chart: AAPL's Drop-and-Pop... as the stock fell, volume was sporadic with some big blocks going through (lower pane volume, middle pane - average trade size for that minute). Once we hit the 50DMA, average trade size suddenly dropped and became much more stable (i.e. small-lots used to auction the market up) and volume picked up - surging as we passed VWAP and those institutional orders could be filled at or above VWAP... fascinating day


 

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Tue, 10/02/2012 - 16:28 | 2849603 BattlegroundEur...
BattlegroundEurope2011's picture

We don't need no stinking "Jobs"

Tue, 10/02/2012 - 16:32 | 2849621 CPL
CPL's picture

Drudge and MSM are having a pissing contest on dropping a video tape to the public.  

 

All of you will want to watch this one, once the footage is out.  This one is big, like the end of America big.

Tue, 10/02/2012 - 16:37 | 2849635 bnbdnb
bnbdnb's picture

What you talkin bout Willis?

Tue, 10/02/2012 - 16:41 | 2849655 Dr. Richard Head
Dr. Richard Head's picture

On top right of Drudge - CAMPAIGN DRAMA: VIDEO MADE 6 YEARS AGO SURFACES ON EVE OF FIRST PRESIDENTIAL DEBATE... DEVELOPING TONIGHT...

Tue, 10/02/2012 - 16:46 | 2849665 SilverTree
SilverTree's picture

I hope it is the grand reset we are looking for.

Tue, 10/02/2012 - 16:49 | 2849674 Dr. Richard Head
Dr. Richard Head's picture

Can't imagine it would be being that it is a campaign video and being reported by Drudge.  Probably some past affiliation between Obama and some communist or something like that.

Tue, 10/02/2012 - 16:57 | 2849686 Comay Mierda
Comay Mierda's picture

I hope this vid is the one Breitbart was hyping to release back on March 1 this year.  .... and guess who died mysteriously on the midnight of 2/29?

http://www.infowars.com/breitbart-wait-til-they-see-what-happens-march-1st/

Tue, 10/02/2012 - 16:53 | 2849688 LawsofPhysics
LawsofPhysics's picture

Not really an "end of America" big then.  Damn it CPL.

Tue, 10/02/2012 - 16:58 | 2849705 CommunityStandard
CommunityStandard's picture

I can't even think of a video that could be "End of America" big.  The gubmint will spin it and everyone will believe it.

Tue, 10/02/2012 - 17:29 | 2849792 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

I can't even think of a video that could be "End of America" big.

I can. Romney and Obama together in some unknown, but no doubt very exclusive club, drinking together and passing a doobie back and forth. They're laughing about how the gullible public believes that not only does voting make a difference, but that America has a two-party system as well.

They then find amusement in the fake economic statistics that are forced onto everyone while playing a game of who can come up with the most hilarious thing to put into Bernanke's next script.

After that, they talk about their retreat plans for escaping the country when the whole corrupt edifice collapses. They deride the military, who will be abandoned without fuel or supplies in whatever place they find themselves. They mock the DHS and FEMA, referring to them as the red shirts on Star Trek, and try to guess how many days they'll last before being totally wiped out by angry, starving, armed mobs.

During this discussion, they have some more laughs talking about people who mistakenly believe that they're "insiders". They try to picture the looks on the faces of particular people when they're thrown under the bus as targets to blame instead of jetting off to mountain/island compounds with the real insiders.

The video ends with Romney and Obama, both clearly crocked, planning out the debates together.

Tue, 10/02/2012 - 17:34 | 2849811 knukles
knukles's picture

Try the last fucking Bilderberg Meeting. 
Nah, that wouldn't do it....

ALIENS

Paul Krugman's dream come true. The Alien Invasions....
O and R smoking doobie with an alien (no silly, not Mexico, I mean Uranus style...)
Nah, that wouldn't do it....

Bringing back the NFL substitute refs!

There, fixed it!

Where's Ron Paul when we need him... no more substitute refs!

Tue, 10/02/2012 - 17:35 | 2849816 Dr. Engali
Dr. Engali's picture

Then they give each other a big passionate kiss and the video fades out.

Tue, 10/02/2012 - 17:46 | 2849847 knukles
knukles's picture

Oh Jesus, Doc....
That's just so wrong....

Tue, 10/02/2012 - 17:11 | 2849742 CPL
CPL's picture

Watch it.  The communist allifiation, who cares, walk through a university campus, thousands of them until they graduate.

 

Something else.

Tue, 10/02/2012 - 17:14 | 2849750 fonzannoon
fonzannoon's picture

so this thing is going to be released tonight?

Tue, 10/02/2012 - 17:38 | 2849820 CPL
CPL's picture

I don't know, I'm not on OPs for channel.   Pissing match continues though.  Drudge is putting the link up and taking it down...putting it up and taking it down.  I'm people told by people that are sane it's big enough to spoil the soup on the debate tonight.

Tue, 10/02/2012 - 17:48 | 2849852 fonzannoon
fonzannoon's picture

I hear you, thanks for the heads up. However big it may be I still think the public is too deluded to give a shit.

Tue, 10/02/2012 - 18:16 | 2849934 CPL
CPL's picture

Rumours so far:

  1. Aliens.../x/ has shown up with the slender men.  Something about Aliens attacking...not likely
  2. Michelle Obama mouthing off in a church from a million year ago.  Maybe.
  3. He's gay and this is the video.  I think it's wishful thinking of the Pink crew.  
  4. Obama doing a crack whore.  Seriously when would he find time.
  5. The stormfront dickheads are doing their usual shit...god there are alot of Russians mixed in with those guys now.   They are getting tossed out of channel as far as they come in.
  6. Lots of troll baiting as usual, youtube batwing ballsack videos, rick rolling, cock shots.

 

Something must be big because we have government visitors floating around IRC so it's a wild card.  Very tight which is very weird.   Nobody seems to know anything which is spooky.

Tue, 10/02/2012 - 18:35 | 2849986 CPL
CPL's picture

No that's the placeholder on his site.

Tue, 10/02/2012 - 18:38 | 2849993 CPL
CPL's picture

I don't understand the cultural context of the video, is there something shocking about this?  He's talking to a bunch of kids 

Tue, 10/02/2012 - 18:30 | 2849969 Squid Vicious
Squid Vicious's picture

CPL please go away until you learn the lesson of Matt (zion) Drudge baiting the Faux-tards... thanks in advance

Tue, 10/02/2012 - 18:34 | 2849979 CPL
CPL's picture

Ahhh, what would an darkweb online experience be without you Stormfags?

 

Peddle the dead messianic elsewhere, you promote Zion as much as you are repelled by it.

Tue, 10/02/2012 - 18:38 | 2849994 Squid Vicious
Squid Vicious's picture

ok this is "End of America big" I am waiting for this news...

Tue, 10/02/2012 - 18:51 | 2850024 CPL
CPL's picture

So is everyone else..

If it's another one of drudges hit generation self promotion bullshit stunts...everyone is still floating around, I'm going to wait for the tube storm to catch up with this.  If it's big enough there will be 120k worth of spin off video 12 hours after it's release.

 

Must be serious though if Fox doesn't want it dropped.

Tue, 10/02/2012 - 19:04 | 2850060 Squid Vicious
Squid Vicious's picture

you're right must be serious...Drudge says 'DEVELOPING'... Yawn

Tue, 10/02/2012 - 19:09 | 2850081 SilverTree
SilverTree's picture

Keep up the good work CPL.

Tue, 10/02/2012 - 21:14 | 2850446 CPL
CPL's picture

Thanks, but as a Canuck I'm not getting the impact of this at all.  Some anons want to go burn down his site now with Fox.  

So stupid, should have known drudge was waffleing.  Like when Tom Green had a big announcement when he was with Monica Lewinsky in Ottawa the big press conference was for her new hand bag line.  Hell of a troll.  LIke getting Rick rolled.

 

Otherwise, Cops beating the crap out of the walmart warehouse workers is bigger news in my opinion.  Those warehouses are 80% of the US supply chain., Walmart doesn't just store their own stuff, they also offer cheap cold storage for other companies they are in partnership with and they ship everywhere.

Tue, 10/02/2012 - 21:21 | 2850466 CPL
CPL's picture

http://www.livestream.com/seanhannity

 

For those of you that want to troll his viewers.

edit

Nuked the channel on us...

Tue, 10/02/2012 - 19:07 | 2850074 flacon
flacon's picture

Half those "tube storm" videos are a still photo explaining how stunning the video is - but no video. 

Tue, 10/02/2012 - 18:31 | 2849974 CPL
CPL's picture

And I think you are right on the complete and total disinterest.  The Cognitive dissonance is strong with the viewing public.

 

Another rumour is watergate kind of tapes.  Another one is Assange is dead and this is his game changer he's been promising for four years.

Tue, 10/02/2012 - 19:24 | 2850121 q99x2
q99x2's picture

No it was just the end of Breitbart. I think it is a video pf Michelle with her real husband or a video of Obama being created by a high tech 3D printer.

Tue, 10/02/2012 - 16:51 | 2849685 bnbdnb
bnbdnb's picture

Obama is really CIA from Mars.

Tue, 10/02/2012 - 18:14 | 2849931 bnbdnb
bnbdnb's picture

Uh-oh...

THE ACCENT... THE ANGER... THE ACCUSATIONS...
THE SHOUT OUT TO REV. WRIGHT, WHO IS IN AUDIENCE...

Probably something along the lines of "white people holding the black man down"...

Tue, 10/02/2012 - 16:38 | 2849636 ParkAveFlasher
ParkAveFlasher's picture

snooki fucked kanye?

Tue, 10/02/2012 - 16:47 | 2849669 Squid Vicious
Squid Vicious's picture

no, one of the kardashian whores fucked a rhinocerous and they are fighting over the rights to the videotape

Tue, 10/02/2012 - 16:55 | 2849695 Temporalist
Temporalist's picture

Here is a pre-release of the birth video:

http://www.youtube.com/watch?v=Nh2iyPmucFk

Tue, 10/02/2012 - 17:03 | 2849720 ParkAveFlasher
ParkAveFlasher's picture

Classic.  +1

Tue, 10/02/2012 - 16:38 | 2849639 SilverTree
Tue, 10/02/2012 - 16:40 | 2849651 LawsofPhysics
LawsofPhysics's picture

Okay, I'll bite.  Do tell, what is the "big" news?  The end of a hundred year experiment?

Tue, 10/02/2012 - 16:46 | 2849667 Lord Drek
Lord Drek's picture

The Khalidi tape?

Tue, 10/02/2012 - 17:24 | 2849776 Squid Vicious
Squid Vicious's picture

Pentagon 9/11 video?

Tue, 10/02/2012 - 20:40 | 2850332 ZeroAvatar
ZeroAvatar's picture

Bin laden was rendered into sausage and fed to the Muzzies as 'halal'?

Tue, 10/02/2012 - 16:48 | 2849671 lakecity55
lakecity55's picture

I hope it's a video of Dick O'Bama porking some 8 year old boy while wearing a hijab.

Tue, 10/02/2012 - 16:55 | 2849680 Dr. Richard Head
Dr. Richard Head's picture

That would sway as many Democrats to Romney as a video of Romney fucking a male horse in the ass would sway his base to vote for Obama.  The stalwarts will be stalwarts.

Tue, 10/02/2012 - 17:06 | 2849728 ParkAveFlasher
ParkAveFlasher's picture

<< Obama does boy

<< Romney does horse

(hint: trick question)

Tue, 10/02/2012 - 17:54 | 2849877 Skateboarder
Skateboarder's picture

Ouch. Indecision trap!

Tue, 10/02/2012 - 17:06 | 2849708 Squid Vicious
Squid Vicious's picture

i'm guessing it's another Drudge yawner that will excite the Faux news watchers for a few hours ... then down the memory hole - which isn't too hard for their 70-90 yr.old audience

Tue, 10/02/2012 - 17:26 | 2849740 Dr. Engali
Dr. Engali's picture

I'm kind of digging the "vote like your lady parts depend on it" picture.

Tue, 10/02/2012 - 16:28 | 2849605 jeff314
jeff314's picture

fuck you Bernanke...

Tue, 10/02/2012 - 16:31 | 2849614 gjp
gjp's picture

The banksters sleep easy another night.  Will they make it to the election?  The end of 2012?  Delusion and denial for ever?

Tue, 10/02/2012 - 16:37 | 2849640 JohnnyBriefcase
JohnnyBriefcase's picture

Why wouldn't they? Nobody is going to do a fucking thing about it. Did you see those sheep getting beaten in spain?

Tue, 10/02/2012 - 16:44 | 2849659 DeadFred
DeadFred's picture

This dies by the Friday next or Obama will be reelected. Eight days to see which version of Obamney THEY want. My money is on the hedge fund version against the odds. It will be interesting to watch.

Tue, 10/02/2012 - 17:40 | 2849828 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

Highest AAPL volume in almost a month but trade-size was average

Easy enough to explain. There are fake facebook accounts that are hired out en masse to bloat friend lists and generate "likes"; they each have several online trading accounts as well.

Tue, 10/02/2012 - 16:36 | 2849632 Dealer
Dealer's picture

Hilsenrath stick save?  Rampapalooza, bitchez.

Tue, 10/02/2012 - 16:36 | 2849634 RobinHood73
RobinHood73's picture

BERNANKE TO JP MORGAN: " IF Yo uF&*N downtic AAPL one more day, don't ask me for any more free TARP money"

JP MORGAN: " OK"

BERNANKE: "Ok good- can't you see the whole US recovery mirage is based on the AAPL feel good factor. Who cares that their products are mundane. We cant keep monetizing unless the public feels good about what we are doing"

JP MORGAN "No problemo Bernank."

Tue, 10/02/2012 - 16:37 | 2849637 HaroldWang
HaroldWang's picture

Every talking head moron that said Spain bailout was priced in when the market was soaring higher through September, now are back to "if we get the Spanish bailout announcement, the market will really jump" - Yes, welcome to the world of complete lunacy. Suddenly, it's not priced in. If I weren't bald, I'd be ripping my hair out.

Tue, 10/02/2012 - 16:43 | 2849654 RSBriggs
RSBriggs's picture

It's the Shepard tone illusion done with finance - an illusion of never ending upward increase in pitch, but in reality, nothing really changes.

Tue, 10/02/2012 - 17:01 | 2849716 fuu
fuu's picture

<bravo>

Tue, 10/02/2012 - 17:13 | 2849746 ParkAveFlasher
ParkAveFlasher's picture

That's awesome.  It's the soundtrack of MOPE.  Should be CNBC's theme song or Bernanke's entrance music.

Tue, 10/02/2012 - 17:35 | 2849817 Squid Vicious
Squid Vicious's picture

exactly, except now we're at nearly 17x 2012 earnings... with obama re-elect and fiscal cliff looming... cue circus music

Tue, 10/02/2012 - 19:47 | 2850171 GernB
GernB's picture

Step right up ladies and gentlemen. See the amazing levitating market which actually goes up on bad news. Thrill to the astonishing public who keep believing Europe is fixed no matter how many times it fails to come true. Brace yourselves for the unbelievable distance technocrats can kick the can down the road.

Tue, 10/02/2012 - 16:46 | 2849650 slaughterer
slaughterer's picture

We will get a small rally into earnings.  Considering everybody expects earnings to suck, I guess that that rally can be considered lunacy as well.  

Tue, 10/02/2012 - 16:44 | 2849657 Zeilschip
Zeilschip's picture

Still don't get how the HFT can ramp up the most liquid contract in the world 8 points. Truly don't get it.

Tue, 10/02/2012 - 16:59 | 2849707 GaryNeville
GaryNeville's picture

I know, can't see for the life of me who's buying hard into close.. Whats the motivation? Try and catch last 1 % of rally vs 5% - 7% downside risk. Its like Bernanke's sitting in some dark room somewhere buying hard into close everyday. Everytime the markets dips it levitates - everytime!

Tue, 10/02/2012 - 18:34 | 2849982 Conman
Conman's picture

Hence the joke (not really a joke, since itll work 95% of the time) to BTFD everytime the market drops on a down day.

Tue, 10/02/2012 - 19:52 | 2850181 GernB
GernB's picture

Buy the dips man. Havent you heard its all the rage. The market cant go down because the Fed is buying mortgage backed securities and... and... and... Well just buy the dips or youll be sorry.

Tue, 10/02/2012 - 17:11 | 2849741 Meesohaawnee
Meesohaawnee's picture

because the fed has spent the better part of a complete year establishing a stealth short ban. . Free market? haha. best joke all year.

Tue, 10/02/2012 - 22:52 | 2850704 helping_friendl...
helping_friendly_book's picture

Isn't that why the SPY ETF was invented? So the FRBNY proxy can just manipulate one security instead of five-hundred securities?I'll

be laughing when the market plummets into the aybss! Will S&P breech 666?

Tue, 10/02/2012 - 16:50 | 2849677 alien-IQ
alien-IQ's picture

Reggie is on Capital Account right now hammering away at AAPL (as usual).

I expect he'll be posting the video here tomorrow with his usual brand of modesty.

Tue, 10/02/2012 - 17:00 | 2849711 Temporalist
Temporalist's picture
GOP: US Consulate received repeated threats, had requested more security

“Based on information provided to the Committee by individuals with direct knowledge of events in Libya, the attack that claimed the ambassador’s life was the latest in a long line of attacks on Western diplomats and officials in Libya in the months leading up to September 11, 2012,” Issa and Chaffetz wrote. “It was clearly never, as Administration officials once insisted, the result of a popular protest."

http://thehill.com/blogs/global-affairs/middle-east-north-africa/259677-...

Tue, 10/02/2012 - 17:27 | 2849787 hannah
hannah's picture

.....just one of a thousand ramp jobs into the close since mar 2009.

Tue, 10/02/2012 - 17:39 | 2849822 knukles
knukles's picture

THE WHOLE WORLD IS DROWNING IN HORSESHIT

Tue, 10/02/2012 - 17:41 | 2849833 TheFourthStooge-ing
TheFourthStooge-ing's picture

Neigh, neigh!

Tue, 10/02/2012 - 17:41 | 2849831 hannah
hannah's picture

so the drudge film is about 'race'....nothin burger. obamas supporters are voting based on race...so what is new.

Tue, 10/02/2012 - 23:42 | 2850817 hannah
hannah's picture

what a pointless waste of time. that film was nothing. obama putting nose 'all up in black folks buts'....if you didnt know this was the real obama before well then you are an idiot.

Tue, 10/02/2012 - 17:54 | 2849878 GrinandBearit
GrinandBearit's picture

For crying out loud, fucking crash already!

Got to be 90-95% HFT/algos running this market.

The longer they prop it up, the harder it will fall. I will enjoy the carnage when it finally collapes. I have my recliner and popcorn ready.

Tue, 10/02/2012 - 17:59 | 2849890 Pandorable
Pandorable's picture

Looks like Braeburn (AAPL's own personal hedge fund worth 117+ billion) "saves the day" again.

Funny how they don't have to reveal which equities/options they're trading (like it's NOT Apple!)

Now THERE's a story.

 

Tue, 10/02/2012 - 18:24 | 2849957 Conman
Conman's picture

Buy Buy buy AAPL. Nevermind that their market sahre of tablets is dropping.

 

http://www.journalism.org/analysis_report/device_ownership

 

Tue, 10/02/2012 - 19:17 | 2850099 q99x2
q99x2's picture

I was shocked to see just how close to 0 the S&P was able to get at the close. That is some damn good software the boys down at the FED are using.

Tue, 10/02/2012 - 22:39 | 2850669 helping_friendl...
helping_friendly_book's picture

They must be using the SPY to work their 3:30 p.m. magic?

Motherfuckers!

Tue, 10/02/2012 - 19:21 | 2850108 chump666
chump666's picture

VIX is off it's lows, slight volatility, AAPL ramp is meaningless.  What central banks are left for the doomsday money pump? Lets see who's in: BoJ, Fed, BoE, PBoC, ECB...well that's all of them.  So it's a priced in behemoth.

Market is dying to take profit.

Tue, 10/02/2012 - 19:40 | 2850158 IMA5U
IMA5U's picture

HYG also finished storng

 

Its more than just AAPL

 

Sorry perma equity bears

 

And as an aside, its comedic when equity guys are bearish when credit is strong.  Equity guys think the world is flat.

Wed, 10/03/2012 - 01:05 | 2850943 chump666
chump666's picture

Here we go again, HK down, USD bid, AUD slaughtered, commodities under pressure, futures down.

 

 

Wed, 10/03/2012 - 01:38 | 2850963 Grand Supercycle
Grand Supercycle's picture

AAPL weekly & monthly overextended parabolic charts are at EXTREME levels.

This will end in tears and longs will be badly burnt.

http://trader618.com

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