Spot Where AAPL Snaps 200 DMA, Sending Stocks Sliding

Tyler Durden's picture

Moments ago AAPL broke the 200 DMA. Whether or not this was due to the earlier news from Rochdale getting caught with its pants down, and supposedly losing tons of money due to a rogue trader "buying" the stock as its proceeded to tumble from its all time highs less then 45 days ago (during which time it has lost more than 10 years worth of dividends in market cap), is unclear. What is quite clear, is the moment when the general market realized what had just happened. Sure enough, the jobs number came and want, and ES largely faded that move in under an hour. It remains to be seen if a technical indicator for the world's most widely held stock is more important to the general stock market than how many 60 year old workers the US economy added in October. Oh, and as for that whole iPad mini launch spectacle? Sorry. Time for the iPad Mini Magnum launch... or maybe even the maxiPad.


And now the question is: will the NY Fed step in, or will an early session of margin call override anything Kevin Henry et al can do, and let the selling finally commence, testing 1400 in ES one more time?

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HelluvaEngineer's picture

Election postponed!

TheFourthStooge-ing's picture

Job growth for November: hedge funds are looking to hire designated scapegoats. No experience required (and by that I mean that no experience is a job requirement).

CH1's picture

Plunge Protection Team!

Calling the Plunge Protection Team!

Stock Tips Investment's picture

If AAPL does not bounce back and overcome the SMA-220 days, not only this stock came into problems. It will be very difficult for the Nasdaq does not keep falling, taking with them the rest of the market. The situation may be more serious than it seems. Who will come to the rescue?

camaro68ss's picture

Apple, what a joke

Temporis's picture

Nah... the joke is Silver/Gold taking a monster shit today and the dollar blasting off to the moon. Thats the joke.

disabledvet's picture

You have 10 million Algerians in France alone. Wanna keep your gold there? I didn't think so. I expect the USA to start rolling out a whole slew of weapon systems in the coming months...courtesy of General Motors in particular and Ohio in general of course. (You may thank Big Defense Republicans anytime of course.) lumber has SOARED the past few months "in anticipation of the attack." And suddenly! As if out of the blue!

magnetic's picture

While I am convinced that the prices of gold/silver are manipulated on a grand scale, I do not think every correction is a manipulation.  Gold in an uptrend tends to correct back to its mid bollinger band line on a weekly chart, and today that stood at 1675.   Also, the 200 day is at 1666, and it is time for a gold intermediate bottom.  So, I completely expected what happened today(though I did not know which exact day it would occur).  I think it is an error to assume every drop is manipulation.

RockRiver's picture

Do you use the term "correct back" to the mid line of the b'bands loosly? On my system (CQG) it has rarely touched the mid line and when it did it plowed through it substantially. I do agree with your correction thoughts though.

El Oregonian's picture

Absolutely a fantastic BUYING opportunity!!! BTFD!!!

john39's picture

how many shares of paper silver had to be dumped to acheive that short term drop...  time is running out.

moriarty's picture

That nice gap around $450 looking closer every day

redpill's picture

How about they stop handwringing over their favorite ponzi momo stock and take some fucking food to Staten Island?  I swear, what the fuck is wrong with these people?  You'll go to charity dinners and write big checks for kids starving in Africa but you won't drive 30 minutes to help with the disaster on your doorstep?  This shit makes me sick.

Dr. Engali's picture

If you take food to the hurricane victims Chris Matthews will make fun of you. Didn't you know they want money not food?

razorthin's picture

We have the beginnings of civil unrest here on Long Island.  No gas anywhere without several hours wait and 3/4 Mill still in the dark and cold (including me).  Glad I have some hand-held "heat".

Dr. Engali's picture

Shit be careful there. That could be ugly. I'm glad I'm not in your shoes, although I fear we will all probably be in the same boat  soon.

catacl1sm's picture

I'm seriously considering driving up there from N Va to bring a generator, some gas, blankets, and kids clothes. Fucking ridiculous is this response. If Bush were in office, the MSM would be lambasting him.

redpill's picture

Where's Kanye now?  'Barack Obama does not care about white people'

akak's picture

Am I allowed to say here "Heck of a job, brownie"?

Dr. Engali's picture

You're right. Bush was an idiot but tthe silence in the MSM is deafening on a lot of topics when it comes to this fucker.

stocktivity's picture

Ohio is up for grabs...that's the important thing to your president this weekend.

scatterbrains's picture

and now I'm hearing the stores have run out of bath salts.

redpill's picture

Sorry but you're not important.  There are bigger priorities, like some Africans flying in so they can run around your streets.


Bloomberg is one choice fucker.

Unprepared's picture

"Guys, I got it all figured out. In old times, whole Africa was like Jersey then some kind of Sandy came."

earnyermoney's picture

Where's the outrage over this weekends Steelers/Giants game? What's the difference? Did they prioritize the football stadium over the people of NY?

Ineverslice's picture


Would u happen to know how the North Shore is faring with power and gas?

Good luck, and thanx.

razorthin's picture

I am on the North Shore (about 2 miles from Sound).  I predict that the gas situation will be the worst issue.  It's very bad as far as the eye can see.  Not much physical damage here.  But, it's the desperate people we need to worry about.

Ineverslice's picture


I am from Northport.

Hope u can find some like minded allies while u wait. Best.

razorthin's picture

Thanks.  Best to you too.  I understand the greater Huntington area got walloped with outages.

surf0766's picture

Chris Tingle is an ass.

Bam_Man's picture

The 200-day EMA is around $582. Let's see what happens there.

Trimmed Hedge's picture

Don't worry -- Kevin has things under control...

SheepDog-One's picture

I warned my parents 50 times to stay away from the Apple bandwagon...they called me a fool and bought the top. Oh well.

Essential Nexus's picture

When everyone jumps on the same boat at once, it usually sinks.

Unprepared's picture

And when everybody stands on the same side of the boat, it usually flips then sinks.

Spastica Rex's picture

I remmber that one!

Still makes me laugh.

Then cry.

falak pema's picture

not sure if you meant sinks or stinks...

whotookmyalias's picture

I probably bought gold at the top too but will not be dumping it anytime soon.

samcontrol's picture

where i come from my parents money is my money, so you did not do yourself a favour.

L G Butz PhD's picture

Hey! Fools get it right sometimes.

CuriousPasserby's picture

Sorry to be so grammar anal, but it's "less than" not "less then."

SheepDog-One's picture

Grammatical errors are possible on Zerohedge....we all know this and let the rare instance slide.

Spastica Rex's picture

Your generalizing. Its not that cut and dried. Becuase some people has always got some thing up they're but.