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50-Day Moving-Average SNAAPL

Tyler Durden's picture





 

AAPL is down 1.5% and once again testing its 50DMA. Now trading the range of Tuesday's closing ramp-fest and below its closing VWAP... BTFD?

 

The red-line is the day's VWAP. The colored horizontal lines correspond to recent closing VWAPs. The lower pane is volume.

 

Interestingly we haven't seen a 50DMA retest so quickly after a previous test in around 18 months. Volume is also well above average run-rate for this time of day.

 

As a reminder of your patriotic duty...

 


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Fri, 10/05/2012 - 12:08 | Link to Comment slaughterer
slaughterer's picture

Seeing volume now.  But I think I will pass on a BTFD for now.  Maybe wait until 3:00 pm  ;-)

Fri, 10/05/2012 - 12:32 | Link to Comment tocointhephrase
tocointhephrase's picture

ALL YOUR CASH ARE BELONG TO US

 

http://www.bbc.co.uk/news/business-19846157

Fri, 10/05/2012 - 12:34 | Link to Comment vast-dom
vast-dom's picture

OT:Tohoku Earthquake May Be Manmade 

 

A friend from Japan sent me this today in reply to Fukushima radiation article:

http://www.youtube.com/watch?v=DkBXwc3faBY

Fri, 10/05/2012 - 13:54 | Link to Comment MillionDollarBogus_
MillionDollarBogus_'s picture

I'll buy if Reggie M. buys............

Is this a pump & dump scheme...???

 

Fri, 10/05/2012 - 12:42 | Link to Comment Oh regional Indian
Oh regional Indian's picture

My sister gave a Crapple somethign or the other 2 years ago. I powered it on twice.

Collecting dust since.

Vile products. Pathetic engineering. Core faulty design. POS.

ori

Fri, 10/05/2012 - 13:08 | Link to Comment Skateboarder
Skateboarder's picture

Have you taken it for a smug check yet?

Fri, 10/05/2012 - 13:34 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Hah! Nice. 

ori

Fri, 10/05/2012 - 12:07 | Link to Comment realtick
realtick's picture

Can you reformat the AAPL chart to look like this:

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/09-2/20121004_corr.png

so we can read it?

Fri, 10/05/2012 - 12:08 | Link to Comment malikai
malikai's picture

Apples contain the highest amount of pesticide in all fruits.

Just sayin..

Fri, 10/05/2012 - 12:33 | Link to Comment Renewable Life
Renewable Life's picture

Apple talk....... Yawnnnnnnnn

But on another more interesting note, did anyone watch the post debate citizen groups that fox and CNN did???

I laughed so hard I almost pissed myself, because in both groups there where 4-5 people who where fucking obese, like 150+ overweight, and al be damned if those bitchez weren't the loudest big mouths about how we needed more "personal responsibility" in our lives and "fiscal discipline" and they loved Mitty's message!!!!! The fucking visual of it was just startling and so America these days, and some other dumbfuck said he loved Mitty for talking about getting big government out of our lives, because he's pissed off that Obama has already started cutting things in Medicare that he was promised would always be there!!!!!!!

Thank god I was drunk already from having drank everytime either one of them said the word "taxes"!!!!!

Fri, 10/05/2012 - 12:42 | Link to Comment malikai
malikai's picture

Heh. I didn't play the game because I need my liver sometimes.

I agree with those people. We need more personal responsibility. Let's start with Romney and his involvement with the Death Squads. Then we can work on Ryan and his involvement with the NDAA, Patriot Act, Medicare Part D, and others..

Finally, let's finish the day working on the American people and our wilful continuance of a corrupt and unjust social and economic system.

Fri, 10/05/2012 - 12:07 | Link to Comment Meesohaawnee
Meesohaawnee's picture

crapple is only needed for bad days in the broad index(see wed) when the shermans start closing in they bring out the 88s to counter.

Fri, 10/05/2012 - 12:08 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

APPL is trading heavy. Look out below.

Fri, 10/05/2012 - 12:34 | Link to Comment kaiserhoff
kaiserhoff's picture

Say it aint' so, Joe.  Without apple we'll be left with Priceline, Prepaid legal, and Chipotle-farts...

OMFG it only gets worse from there.

Fri, 10/05/2012 - 13:37 | Link to Comment MiltonFriedmans...
MiltonFriedmansNightmare's picture

Naw, we've stil got LULU.

Fri, 10/05/2012 - 12:08 | Link to Comment Itch
Itch's picture

BFA (Buy fuck all).

Fri, 10/05/2012 - 12:11 | Link to Comment slaughterer
slaughterer's picture

Anybody got $612,000,000,000 laying around?

Fri, 10/05/2012 - 12:26 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Hold please.

<....Ctrl-P.....Ctrl-P....>

Yup, all set. Where do you want it wired?

Fri, 10/05/2012 - 12:36 | Link to Comment kaiserhoff
kaiserhoff's picture

uh, Tylers, I think we found Ben's Mole.

Fri, 10/05/2012 - 12:10 | Link to Comment dariomilano
dariomilano's picture

how much down the 50DMA is the dip?

Fri, 10/05/2012 - 12:11 | Link to Comment slaughterer
slaughterer's picture

50DMA was 656.50

Fri, 10/05/2012 - 12:34 | Link to Comment spastic_colon
spastic_colon's picture

love how she spells out "hmmmm" priceless

Fri, 10/05/2012 - 12:11 | Link to Comment Dr. Engali
Dr. Engali's picture

Breakdown bitchez!

Fri, 10/05/2012 - 12:14 | Link to Comment slaughterer
slaughterer's picture

Simultaneous with this excitement in AAPL, looks like silver futures are about to plunge.  

Fri, 10/05/2012 - 12:16 | Link to Comment Panafrican Funk...
Panafrican Funktron Robot's picture

The odd one out in the MSFT/AAPL/GOOG three headed monster is GOOG.  GOOG is about 33% overvalued right now.

Fri, 10/05/2012 - 12:44 | Link to Comment alien-IQ
alien-IQ's picture

yeah but that's just a premium attached for providing the NSA/CIA/FBI/DHS with unfettered access to the private information of all Google users.

so you see...cooperating with an oppressive totalitarian police state mentality is indeed profitable...and probably has some wonderful "undisclosed" tax advantages.

Fri, 10/05/2012 - 12:15 | Link to Comment dracos_ghost
dracos_ghost's picture

OK, everyone chant... 666  ...    666    ...   666.

 

Fri, 10/05/2012 - 13:43 | Link to Comment MiltonFriedmans...
MiltonFriedmansNightmare's picture

Does anyone honestly believe the plunge protection team would allow AAPL to break it's 50d MA?

C'mon now.....

Fri, 10/05/2012 - 12:18 | Link to Comment ebworthen
ebworthen's picture

Anyone see the three AAPL devotees on CNBC this morning who buy Apple, all Apple, all the time?  Religious zealots by any other name.  Reminded me of Jim Jones or Sun Myung-Moon followers.

"Apple is going to $900" said one, "Apple is going over $1,000" said the co-founder of the group.

Bulletin:  One year ago today Steve Jobs passed away.

Fri, 10/05/2012 - 13:17 | Link to Comment css1971
css1971's picture

Religious/bubble hysteria.

It's quite a phenomena. There's obviously a bubble you point out it's a bubble and everyone caught up in it denies vehemently that it's a bubble, instead claiming the bubble will expand, consuming the whole of humanity before passing on to godhood.

http://en.wikipedia.org/wiki/Fad

 

Fri, 10/05/2012 - 12:25 | Link to Comment kaa1016
kaa1016's picture

With iPhone 5 estimates being guided lower, an iPad mini that will canibalize the iPad, and underperforming hedge funds that own this stock and are up a massive amount year to date lightening up, this stock will test it's 100 DMA next week, ~620. Buy a 620/630 put spread on the weeklies. If I'm right, 10x upside. I believe this stock will breach its 200 DMA before year end. I'm not an AAPL bear, I'm just a trader who's number 1 winner this year has been trading AAPL (GLD #2) on the long side. I've been trading the short side since the Friday before the iPhone 5 launch.

Fri, 10/05/2012 - 12:20 | Link to Comment Meesohaawnee
Meesohaawnee's picture

DTO bitchez!

Fri, 10/05/2012 - 12:23 | Link to Comment youngman
youngman's picture

And Samsung is having a good year...hmmmmm...lots of Galaaxy IIIs sold.....I think the world loves Samsung more....and will begin to hate American Apples...

Fri, 10/05/2012 - 12:27 | Link to Comment slaughterer
slaughterer's picture

Where is Potter?  AAPL is sending an SOS to NYFED.  

Fri, 10/05/2012 - 12:30 | Link to Comment alien-IQ
alien-IQ's picture

I smell a Reggie Middleton chest thumping peacock strutting diatribe being scribed at this very moment.

Oh how I look forward to his dazzling display of humility.

Fri, 10/05/2012 - 12:33 | Link to Comment Obadiah
Obadiah's picture

alien I got a good charge from that comment hehe

Fri, 10/05/2012 - 12:31 | Link to Comment calgal
Fri, 10/05/2012 - 12:33 | Link to Comment slaughterer
slaughterer's picture

Just noticed that ugly H&S on the 6-week.   No technical trader in their right mind would buy the dip today.  

Fri, 10/05/2012 - 12:40 | Link to Comment Meesohaawnee
Meesohaawnee's picture

problem is slaughter.. your making the assumption there are traders out there. Nice insight. thanks since im not a ta person

Fri, 10/05/2012 - 15:21 | Link to Comment All Rise
All Rise's picture

No idea why people have a problem with Apple, it makes loads of money and isn't on a silly tech PE ratio. 

Fri, 10/05/2012 - 19:40 | Link to Comment ToNYC
ToNYC's picture

A one one-trick fashion pony in a technological rodeo leaves too many trails unridden.

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