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After Retracing All After Hour Losses, AAPL And AMZN Resume Downward Direction

Tyler Durden's picture




After some significantly volatile after-hours action, the wunderkinds of the Nasdaq have reverted back up to their VWAPs as all is well once again and the media narrative can play out... AAPL volume is not heavy (remember we said option-skews were near-record levels - implying everyone and their mum owns downside protection and will be unloading into the open tomorrow). QQQs are suffering more than AAPL for now - implying that's where the hedges went. AMZN's move was even more impressive wrigging back up to VWAP. Who is the marginal buyer here? As we post, both are leaking back from VWAP's safe harbor...

 

AAPL return to VWAP and fade...

 

AMZN return to VWAP and fade...




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Thu, 10/25/2012 - 17:11 | Link to Comment Lost Wages
Lost Wages's picture

Cup 'n' handle? LOL.

Thu, 10/25/2012 - 17:13 | Link to Comment Id fight Gandhi
Id fight Gandhi's picture

More like 2 girls 1 cup.

Ps, don't look that up.

Thu, 10/25/2012 - 17:16 | Link to Comment idea_hamster
idea_hamster's picture

Ouch -- my portfoli-hole!

Well, it's a good think that my blackberry-carrying-baby of a broker told me my 401k has a Bernanke put.  Tomorrow, first thing, I'm going to look up what the expiration and strike price is on that one.

Thu, 10/25/2012 - 17:26 | Link to Comment RopeADope
RopeADope's picture

That would be the Bernanke European style put which trades on the Krugman Stock Exchange over on the planet Mars. The Curiosity rover will reach the options clearinghouse in 200 years at current speed at which time you may place your sell order.

 

 

Thu, 10/25/2012 - 19:11 | Link to Comment NotApplicable
NotApplicable's picture

Yikes! Looks like we've got a rogue algobot running loose.

Lemme guess, Waddel & Reed?

Like I've always said, Kansas will be the ruin of us all.

Thu, 10/25/2012 - 20:22 | Link to Comment Richard Chesler
Richard Chesler's picture

AAPL and AMZN, the new TBTF.

 

Thu, 11/22/2012 - 07:29 | Link to Comment Jeelan
Jeelan's picture

It's literally the central pillar/post/plank of the foundation that is The Bernank's monetary policy. Throw all his fancy degrees and whatever he's published right out the window.

resume templates
Sat, 12/15/2012 - 08:39 | Link to Comment Jeelan
Jeelan's picture

The central pillar/post/plank of the foundation that is The Bernank's monetary policy. Throw all his fancy degrees and whatever he's published right out the window.rush paper

Thu, 10/25/2012 - 17:20 | Link to Comment TruthInSunshine
TruthInSunshine's picture

There is no way AAPL can be allowed to fall significantly. It's literally the central pillar/post/plank of the foundation that is The Bernank's monetary policy. Throw all his fancy degrees and whatever he's published right out the window.

As the AAPL goes, so goes the iEconomy. Virtuously Circuitousness, bitchez!

Thu, 10/25/2012 - 17:22 | Link to Comment Frozen IcQb
Frozen IcQb's picture

iScream

Thu, 10/25/2012 - 17:24 | Link to Comment TruthInSunshine
TruthInSunshine's picture

I may have to hedge my uber-leveraged long "just buy the f*cking dip" portfolio with some Farmville acreage, to grow e-crops, just in case shit gets real.

Thu, 10/25/2012 - 17:26 | Link to Comment Orly
Orly's picture

You're on the roll today, TiS.

You're a funny one, you are.

Thu, 10/25/2012 - 17:46 | Link to Comment flacon
flacon's picture

TIS? Where can I buy TIS call options? 

Fri, 11/30/2012 - 06:24 | Link to Comment Jeelan
Jeelan's picture

These repeated hyperexact reversions to VWAP sure make me feel all warm and cozy about the sanctity of the markets. web site

Thu, 10/25/2012 - 17:38 | Link to Comment Ratscam
Ratscam's picture

reminds of this great scene in the movie "down by law"
I screem, you screem, we all screem for ice cream.

http://m.youtube.com/#/watch?v=7rK3s_BP9kE&desktop_uri=%2Fwatch%3Fv%3D7r...

Thu, 10/25/2012 - 18:26 | Link to Comment LooseLee
LooseLee's picture

Nope, the economy goes then goes AAPL, no matter what that POS Central Banker does!

Sat, 11/24/2012 - 05:14 | Link to Comment Jeelan
Jeelan's picture

It's literally the central pillar/post/plank of the foundation that is The Bernank's monetary policy. Throw all his fancy degrees and whatever he's published right out the window.essay writing in united states

Fri, 11/30/2012 - 06:10 | Link to Comment Jeelan
Jeelan's picture

These repeated hyperexact reversions to VWAP sure make me feel all warm and cozy about the sanctity of the markets. http://dissertations.superiorpapers.com/

Thu, 10/25/2012 - 17:26 | Link to Comment slaughterer
slaughterer's picture

80% of the analyst reactions to both companies earnings is positive.  

AAPL will be pegged at $600 for psychological reasons.

AMZN will be pegged at $220 for same.

Algos will feed on 5cent divergences from these two levels all day tomorrow.  

Scalp. Scalp.

Welcome to HFT ping pong.

Thu, 10/25/2012 - 17:40 | Link to Comment Panafrican Funk...
Panafrican Funktron Robot's picture

Yeah, these repeated hyperexact reversions to VWAP sure make me feel all warm and cozy about the sanctity of the markets.  

Thu, 10/25/2012 - 20:40 | Link to Comment Catflappo
Catflappo's picture

AMZN came all/most of the way back because it had some weird print at $228 at around 4.08 when it was actually trading at $208.   Doesn't take much to give an algo a hard-on and away she went....

Thu, 10/25/2012 - 17:14 | Link to Comment AlaricBalth
Thu, 10/25/2012 - 17:16 | Link to Comment saturn
saturn's picture

Rotten apple squish.

Thu, 10/25/2012 - 17:33 | Link to Comment EscapeKey
EscapeKey's picture

fraud and grand scale larceny

Thu, 10/25/2012 - 17:13 | Link to Comment catacl1sm
catacl1sm's picture

And BOOM goes the  dynamite

Thu, 10/25/2012 - 17:13 | Link to Comment Iriestx
Iriestx's picture

GO LIBERTY22!

 

Thu, 10/25/2012 - 17:13 | Link to Comment e-man
e-man's picture

Ouch!  That's gonna leave a little mark...

Thu, 10/25/2012 - 17:13 | Link to Comment TideFighter
TideFighter's picture

"V"ictory.

Thu, 10/25/2012 - 17:14 | Link to Comment Pantafulius
Pantafulius's picture

And....slightly less almost green.

Thu, 10/25/2012 - 17:14 | Link to Comment mdtrader
mdtrader's picture

Get a grip Tyler APPL is on 10 times ex cash. Find something else to hate.

Thu, 10/25/2012 - 17:18 | Link to Comment Kaiser Sousa
Kaiser Sousa's picture

exactly who is hating????????

Fuck apple and all their Ishit...

aint gonna save the US economy or its citizens...

no jobs+ no money * a worthless currency = FUCK APPLE......

Thu, 10/25/2012 - 17:27 | Link to Comment Spastica Rex
Spastica Rex's picture

Maybe the poster above "made seven figures plus" on AAPL.

Apple - drink of its cup and partake in its goodness.

Thu, 10/25/2012 - 17:28 | Link to Comment john39
john39's picture

yeah but slave labor in Asian countries is a good thing for humanity, right?  /s

Thu, 10/25/2012 - 17:31 | Link to Comment mick68
mick68's picture

Got an iboo-boo?

U lose.

Thu, 10/25/2012 - 18:15 | Link to Comment Dapper Dan
Dapper Dan's picture

someone else does not like apple

http://houston.craigslist.org/msg/3340818729.html

 

circa 1940 lexington piano upright, needs tuning

call Steve @ 713-545-xxxx

I find it odd that this piano which conceivable required over 2000 man hours to build and with some of the finest material available in its time, has endured 70 years of use, and still sound great, cannot fetch $150.00, the wood alone is worth $200.00 at least to a woodworker/furniture maker, the cast iron assembly weights over 300 lbs @ $8.00 per 100 + $24.00.
If I had listed an I phone 4 S 32gigs Black! -- I could get $200.00
An I phone that was built in 8 minutes with $28.00 in material, made in china, and will only last 2 years if you don't drop it.
What is wrong with this picture????

 

Thu, 10/25/2012 - 18:30 | Link to Comment pursueliberty
pursueliberty's picture

I see this all the time.  I attend some machinery auctions and the biggest buyers here lately are scrappers.  I've seen a few older 40's-60's lathes selling at well below scrap value.  Machinery that actually built our country, and was built in this country.  I attended a auction two weeks ago where all but the lightest equipment brought below scrap value.  I bought one single thing at a $20 spot over scrap.  There were 30 people there and less than 10 were buying anything.

 

Thu, 10/25/2012 - 18:41 | Link to Comment RockyRacoon
RockyRacoon's picture

The real problem is that nobody even knows how to operate the machinery any more.  It's like a scene from some science fiction movie: A futuristic civilization coming upon a relic from the present -- what the hell is this and what was it used for?

Thu, 10/25/2012 - 20:34 | Link to Comment TruthInSunshine
TruthInSunshine's picture

-"The real problem is that nobody even knows how to operate the machinery any more.  It's like a scene from some science fiction movie: A futuristic civilization coming upon a relic from the present -- what the hell is this and what was it used for?"

 

It's just like Idiocracy. I keep telling people that Mike Judge is a futurist as was Orwell, and that Idiocracy is a futurist's documentary:

 

http://i101.photobucket.com/albums/m61/Orangette_Coleman/idiocracy_city.jpg

Thu, 10/25/2012 - 20:11 | Link to Comment Winston1984
Winston1984's picture

Is that some labor theory of value or something?  A piano - I think there's an app for that and I think it has a hipster function that let's you make 'beats' so it works even if you don't know how to play it.

Thu, 10/25/2012 - 17:27 | Link to Comment fuu
fuu's picture

Nice 29 month break there bubba. Needed to give you other logins a rest?

Thu, 10/25/2012 - 17:43 | Link to Comment EscapeKey
EscapeKey's picture

Really?

According to (permabullish) Marketwatch, they're at 14.38, at present $606 stock price.

And this in a market, where Android gains marketshare every minute.

Where Apple products sell less than forecast, and their tablet lines are under heavy attack from quarterpriced android tablets.

Everyone in China knows that hardware is dead, and as the company with the greatest margins, Apple are first in line for heavy losses.

 

Go to dhgate for bargain priced tablets. No, they're not the same quality as iPad. But for the money, they're pretty damn good. And rapidly improving by the minute.

http://www.dhgate.com/

 

Thu, 10/25/2012 - 17:15 | Link to Comment AgShaman
AgShaman's picture

"Orange Julius"......compliments of 'Trading Places'

Thu, 10/25/2012 - 17:16 | Link to Comment Village Smithy
Village Smithy's picture

Who is the marginal buyer here you ask? Hmm, someone with access to billions of dollars of other peoples' money and a big enough pipeline to pump it through.. Sounds like the Bernanke to me.

Thu, 10/25/2012 - 17:16 | Link to Comment transaccountin
transaccountin's picture

options were signaling a 30 point move on apple. i dont see it anywhere near 580, but this is not suprising.

Thu, 10/25/2012 - 17:16 | Link to Comment Quinvarius
Quinvarius's picture

Reminds of the bottom in 2009 when earnings sucked 10x worse and then we printed a shit ton of money.

You can't kill this bull.

Thu, 10/25/2012 - 17:28 | Link to Comment walküre
walküre's picture

3 years ago the quality of the USD wasn't disputed. Printing won't save the suckers this time around. Not with a 100% debt/GDP ratio and appreciating.

Thu, 10/25/2012 - 17:17 | Link to Comment VonManstein
VonManstein's picture

TBTF BTFD LOL

Thu, 10/25/2012 - 17:17 | Link to Comment NaiLib
NaiLib's picture

Guess we will se a hefty Buy Back program shortly

Thu, 10/25/2012 - 17:18 | Link to Comment Seasmoke
Seasmoke's picture

R-E-G-G-I-E    R-E-G-G-I-E   R-E-G-G-I-E

Thu, 10/25/2012 - 17:23 | Link to Comment Haager
Haager's picture

My fears are that we will discover another "I Told Ya So" tomorrow.

Thu, 10/25/2012 - 17:25 | Link to Comment Abednego
Abednego's picture

wonder who reggie likes for the superbowl - how about this - we let him pick a team and give him any number of years for them to win, then when they do we call him the oracle

Thu, 10/25/2012 - 17:18 | Link to Comment walküre
walküre's picture

So $40 billion on deck to support the casino. I get it. Ben knows the banks are filled with crap and he's buying it off their hands at inflated values so the illusion survives. Fundies are cashing out and the banks are in collusion with the Fed to buy up all the paper they can. That's the only way their casino can maintain some semblance of order and keep selling just slow enough to not draw any attention. It's a "put" alright but it doesn't get anybody excited to step back into it. Selling across the board from insiders and fundies and thanks to Ben, the chaos is mitigated. Roger.

Thu, 10/25/2012 - 18:17 | Link to Comment reload
reload's picture

Agree 100%, its exactly as you describe.

Question is, what's the next stage of the plan?

Get as much crap as possible off the bank balance sheets and fill the banks with freshly printed is underway at an ever increasing Pace. 

Once the banks are good and ready a widespread collapse in asset prices will suit them. But Ben will go full Mugabe if he has to hold declines that are 'premature'

Long way to go probably, but the writing on the wall gets clearer by the day.

 

Thu, 10/25/2012 - 17:19 | Link to Comment machineh
machineh's picture

How's that pyrrhic victory over Samsung in court workin' out for ya, Tim Crook?

Patent trolling is for whiners and losers.

That was the giveaway that Apple's edge is gone.

Already I bought a new Sammy phone, and next Monday I'm buying the new 32GB ASUS/Google Nexus 7.

No more iShit!

Thu, 10/25/2012 - 17:41 | Link to Comment EscapeKey
EscapeKey's picture

Some years back, an executive from a - at the time - rapidly growing S&P 500 company told me that patent trolling is the last line of attack for companies with slowing growth.

I guess Apple is there now.

Thu, 10/25/2012 - 17:22 | Link to Comment max2205
max2205's picture

This market is so cooked but Opex and earnings trade really stands out.

I am ashamed for these dicks supporting these issues

Thu, 10/25/2012 - 17:35 | Link to Comment The Shootist
The Shootist's picture

Fuck you Bernanke, we're gonna give you a good shave and a dull guillotine!

Thu, 10/25/2012 - 17:24 | Link to Comment Unprepared
Unprepared's picture

That's called seeing the AAPL tree for the AMZN forest.

 

Now imagine both merge and we get the right to such products as the iFire. We would start calculating the beta's of the market to the AAPLAMZN.

Thu, 10/25/2012 - 17:25 | Link to Comment ejmoosa
ejmoosa's picture

We'll forget about these earnings at 8:30 am tomorrow when we get that 3rd quarter GDP number....

Thu, 10/25/2012 - 17:27 | Link to Comment HungryPorkChop
HungryPorkChop's picture

And the October Surprise goes to (drum roll)....

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

Thu, 10/25/2012 - 17:30 | Link to Comment walküre
walküre's picture

Bookmarked just because it would be an awesome prediction.

Thu, 10/25/2012 - 17:42 | Link to Comment EscapeKey
EscapeKey's picture

It's a brave man who calls the widowmaker trade.

Thu, 10/25/2012 - 18:51 | Link to Comment RockyRacoon
RockyRacoon's picture

Heh, heh, heh.   I can see Romney withdrawing from the race if it happens.   "I didn't sign up for none o' this shit!"  Makes the Salt Lake Olympics looks like a walk in the park.

Thu, 10/25/2012 - 22:29 | Link to Comment EclecticParrot
EclecticParrot's picture

Unlikely a Mormon would utter such an expletive (it was, ironically, Obam-bam who used the "S" word this week), though he might mock Biden by exclaiming: "General Motors is alive and Steve Jobs is dead!"

Thu, 10/25/2012 - 17:28 | Link to Comment Pantafulius
Pantafulius's picture

Mmmm...nice green apple....

Thu, 10/25/2012 - 17:28 | Link to Comment slaughterer
slaughterer's picture

AAPL is going GREEN.  

Thu, 10/25/2012 - 18:53 | Link to Comment RockyRacoon
RockyRacoon's picture

Green around the gills, that is.

Thu, 10/25/2012 - 17:31 | Link to Comment Ineverslice
Ineverslice's picture

 

47 million gonna git some snAPPL, you know.

Thu, 10/25/2012 - 17:39 | Link to Comment MountainMan
MountainMan's picture

$630 before the bell tomorrow.

Thu, 10/25/2012 - 18:23 | Link to Comment obejoyful
obejoyful's picture

Idiot

Thu, 10/25/2012 - 17:43 | Link to Comment slaughterer
slaughterer's picture

Exactly.  Futures holding up well so far.  

Thu, 10/25/2012 - 19:31 | Link to Comment El Hosel
El Hosel's picture

  Furking "Market" will be re-priced at 4am, the standard 9 point SPY futures rally/jamjob seems in order here....  The Machine won't want "Investors" to get the wrong idea. Somebody at the plunger headquarters must like that number.... 9

 Need backtest a bunch of broken lines up around there anyway.

Thu, 10/25/2012 - 17:45 | Link to Comment Spastica Rex
Spastica Rex's picture

I just saw that Apple is predicting a GINORMOUS Consumermas shopping season. I think unemployed people everywhere are finally going to start working again so they can get a credit card so they can buy the most iStuff ever!

Thu, 10/25/2012 - 17:51 | Link to Comment Seasmoke
Seasmoke's picture

when going to a crowded nightclub, the first question you ask yourself isnt where are the hot chicks, where is the bathroom, or where is the bar......it should always be where are the fire exits........JUST IN CASE !!!!

Thu, 10/25/2012 - 19:46 | Link to Comment adr
adr's picture

Since Apple missed two quarters in a row do we get to call an iRecession?

Thu, 10/25/2012 - 21:58 | Link to Comment venturen
venturen's picture

Which makes it to $2000 first....S&P or Apple? Is the FED just a boiler room?

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