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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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Fri, 11/02/2012 - 14:13 | 2941992 HelluvaEngineer
HelluvaEngineer's picture

Election postponed!

Fri, 11/02/2012 - 14:18 | 2942031 TheFourthStooge-ing
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).

Fri, 11/02/2012 - 14:34 | 2942109 fuu
fuu's picture


Fri, 11/02/2012 - 14:55 | 2942203 CH1
CH1's picture

Plunge Protection Team!

Calling the Plunge Protection Team!

Fri, 11/02/2012 - 15:41 | 2942430 Stock Tips Inve...
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?

Fri, 11/02/2012 - 14:57 | 2942214 The Wizard of Oz
The Wizard of Oz's picture


Fri, 11/02/2012 - 14:13 | 2941993 camaro68ss
camaro68ss's picture

Apple, what a joke

Fri, 11/02/2012 - 14:18 | 2942032 Temporis
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.

Fri, 11/02/2012 - 14:30 | 2942089 disabledvet
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!

Fri, 11/02/2012 - 14:33 | 2942105 magnetic
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.

Fri, 11/02/2012 - 15:23 | 2942354 RockRiver
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.

Fri, 11/02/2012 - 14:35 | 2942114 El Oregonian
El Oregonian's picture

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

Fri, 11/02/2012 - 18:55 | 2943153 GeezerGeek
GeezerGeek's picture

AAPL or Gold?

Fri, 11/02/2012 - 14:46 | 2942166 john39
john39's picture

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

Fri, 11/02/2012 - 14:28 | 2942077 moriarty
moriarty's picture

That nice gap around $450 looking closer every day

Fri, 11/02/2012 - 14:16 | 2941996 redpill
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.

Fri, 11/02/2012 - 14:20 | 2942039 Dr. Engali
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?

Fri, 11/02/2012 - 14:24 | 2942055 razorthin
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".

Fri, 11/02/2012 - 14:31 | 2942073 Dr. Engali
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.

Fri, 11/02/2012 - 14:31 | 2942094 catacl1sm
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.

Fri, 11/02/2012 - 14:33 | 2942103 redpill
redpill's picture

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

Fri, 11/02/2012 - 15:52 | 2942482 akak
akak's picture

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

Fri, 11/02/2012 - 14:43 | 2942113 Dr. Engali
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.

Fri, 11/02/2012 - 22:06 | 2943448 stocktivity
stocktivity's picture

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

Sat, 11/03/2012 - 08:33 | 2943875 samcontrol
samcontrol's picture

stop considering..

Fri, 11/02/2012 - 14:44 | 2942157 scatterbrains
scatterbrains's picture

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

Fri, 11/02/2012 - 15:50 | 2942471 J in Vegas
J in Vegas's picture

Epic +1!

Fri, 11/02/2012 - 14:31 | 2942082 redpill
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.

Fri, 11/02/2012 - 14:43 | 2942155 Unprepared
Unprepared's picture

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

Fri, 11/02/2012 - 20:41 | 2943329 earnyermoney
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?

Fri, 11/02/2012 - 14:31 | 2942095 Ineverslice
Ineverslice's picture


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

Good luck, and thanx.

Fri, 11/02/2012 - 14:39 | 2942122 razorthin
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.

Fri, 11/02/2012 - 14:41 | 2942136 Ineverslice
Ineverslice's picture


I am from Northport.

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

Fri, 11/02/2012 - 14:47 | 2942173 razorthin
razorthin's picture

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

Fri, 11/02/2012 - 14:49 | 2942179 surf0766
surf0766's picture

Chris Tingle is an ass.

Fri, 11/02/2012 - 14:13 | 2941997 Bam_Man
Bam_Man's picture

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

Fri, 11/02/2012 - 14:24 | 2942060 Trimmed Hedge
Trimmed Hedge's picture

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

Fri, 11/02/2012 - 14:15 | 2942006 SheepDog-One
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.

Fri, 11/02/2012 - 14:32 | 2942101 Essential Nexus
Essential Nexus's picture

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

Fri, 11/02/2012 - 14:47 | 2942172 Unprepared
Unprepared's picture

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

Fri, 11/02/2012 - 15:53 | 2942486 MachoMan
MachoMan's picture

Same thing happens with islands.



Fri, 11/02/2012 - 16:12 | 2942560 Spastica Rex
Spastica Rex's picture

I remmber that one!

Still makes me laugh.

Then cry.

Fri, 11/02/2012 - 16:59 | 2942750 falak pema
falak pema's picture

not sure if you meant sinks or stinks...

Fri, 11/02/2012 - 15:02 | 2942239 whotookmyalias
whotookmyalias's picture

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

Sat, 11/03/2012 - 08:36 | 2943878 samcontrol
samcontrol's picture

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

Sat, 11/03/2012 - 11:07 | 2944115 L G Butz PhD
L G Butz PhD's picture

Hey! Fools get it right sometimes.

Fri, 11/02/2012 - 14:15 | 2942009 CuriousPasserby
CuriousPasserby's picture

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

Fri, 11/02/2012 - 14:17 | 2942020 SheepDog-One
SheepDog-One's picture

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

Fri, 11/02/2012 - 16:14 | 2942568 Spastica Rex
Spastica Rex's picture

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

Fri, 11/02/2012 - 16:57 | 2942739 falak pema
falak pema's picture

lol, very neeeet!

Fri, 11/02/2012 - 21:31 | 2943399 Osmium
Osmium's picture

I seen what you done there!

Fri, 11/02/2012 - 23:39 | 2943568 Bernankenstein
Bernankenstein's picture

Your all loosing it.

Fri, 11/02/2012 - 15:22 | 2942348 rustymason
rustymason's picture

Just wait till you see everyone using "impact" instead of "effect" and "affect." Civilization's breaking down!

Fri, 11/02/2012 - 16:09 | 2942554 Zero Govt
Zero Govt's picture

civilisation is crumbling because of law/rules, monopolism and collectivism (all branches of Govt)

what we need asap is freedom, competition and individualism

nature is the social/business model, Govt is its opposite/enemy


Fri, 11/02/2012 - 16:34 | 2942602 Spastica Rex
Spastica Rex's picture

Grammar is oppressive as well.

Go talk to a herd of gazelles sometime about collectivism and natural law. Wait until the lions have gone home.

Sat, 11/03/2012 - 13:16 | 2944060 Zero Govt
Zero Govt's picture

Gazelles out-number lions 1,000 to 1

hope my grammer was ok, how are you at maths?

the morons (establishment and their crones) perpetrate the myth we need Govt and 'Justice' so we're protected from natures "biggest teeth" barberism. This is pure BS. The numbers tell the lie that natures most successful, by weight of over-whelming numbers, are the most docile of creatures, flight animals 

docile/flight animals, birds, fish etc are the top dog and by sheer numbers the most successful organisms on the planet ..preditors (parasites) are far fewer in number (far less successful)

i'll worry about my grammer, you worry about being out-gunned and lack of knowledge about how the world works ...are you academic?

Fri, 11/02/2012 - 14:16 | 2942013 Neethgie
Neethgie's picture

Probably how isaac newton drew the trajectory of the one that hit him on the head

Fri, 11/02/2012 - 14:18 | 2942022 timbo_em
timbo_em's picture

So who lowers their margin requirements?

Fri, 11/02/2012 - 14:18 | 2942023 mdtrader
mdtrader's picture

Gold closing in on its 200 DMA too.

Fri, 11/02/2012 - 14:18 | 2942024 LongSoupLine
LongSoupLine's picture

die you hedge fund fucking pukes.  fucking sewer scum.

Fri, 11/02/2012 - 14:18 | 2942025 slaughterer
slaughterer's picture

VERY destructive day for HFs and commodity funds.  

Fri, 11/02/2012 - 14:34 | 2942111 disabledvet
disabledvet's picture

Hedgies "hedge." The rule is "make your own volatility." Not a player of course (index funds only more than ever) but sure...some are losing...but most have just hit "the catastrophe jackpot."

Fri, 11/02/2012 - 14:23 | 2942051 Ineverslice
Ineverslice's picture


Still selling off.

Fri, 11/02/2012 - 14:23 | 2942052 Downtoolong
Downtoolong's picture

I'm glad I don't have to sit on that spike.

But, I wouldn't be surprised if some of my large cap fund managers are.

Serves you right, assholes.

Fri, 11/02/2012 - 14:25 | 2942058 Yen Cross
Yen Cross's picture

(DXY) closing in on it's 200day also. Got a trifecta going.

Fri, 11/02/2012 - 14:26 | 2942064 Dr. Engali
Dr. Engali's picture

Amazon is still adding on to that 2800 multiple. There's a value stock for you.

Fri, 11/02/2012 - 14:43 | 2942149 Ineverslice
Ineverslice's picture


incredible...they must know something about amzn and da future.

Fri, 11/02/2012 - 16:22 | 2942603 css1971
css1971's picture

Lets put it this way. They must have friends in high places.

Fri, 11/02/2012 - 14:26 | 2942068 DavidC
DavidC's picture

If ever there's been a day when I thought a rally might be justified, I thought it was today, other figures that came out were benign enough. Shows how much I know.


Fri, 11/02/2012 - 14:39 | 2942124 disabledvet
disabledvet's picture

Bloomberg is totally incompetent. First rodeo there tough guy? I mean THIRD TERM WITH PRESIDENTIAL ASPIRATIONS? Give me a break. "Gotta raise capital as a consequence." Still hasn't told his media clowns "lying only makes it worse." Of course if it's the only way you know...

Fri, 11/02/2012 - 14:56 | 2942212 Yen Cross
Yen Cross's picture

If Bloomturd ever becomes POTUS, I'll personally buy his midget ass a calfskin "high chair", so he can see over his desk in the Oval Office.

Fri, 11/02/2012 - 14:26 | 2942070 Slope of Hope
Slope of Hope's picture

Good day to buy some gold miners, though.

Fri, 11/02/2012 - 14:29 | 2942078 Id fight Gandhi
Id fight Gandhi's picture

Who'd stand in line for a smaller screen pad with 2 year old tech in it at a premium?

Their queue line is fading.

Fri, 11/02/2012 - 14:30 | 2942088 fuu
fuu's picture

So everything's still over the 200 day? Whew; Robo will be safe.

Fri, 11/02/2012 - 14:36 | 2942117 lemonobrien
lemonobrien's picture

dick bove got diarrhea.

Fri, 11/02/2012 - 14:39 | 2942127 Trimmed Hedge
Trimmed Hedge's picture

Down a whopping 2.5%?

I follow/trade stocks with spreads bigger than that...

Fri, 11/02/2012 - 15:03 | 2942241 whotookmyalias
whotookmyalias's picture

Whop, whop, whopping!  The sky is falling....

Fri, 11/02/2012 - 16:19 | 2942590 css1971
css1971's picture

3.3% on the day, but really it's down 22% so far .. Which has got to hurt. Buy high, sell low I say.



Fri, 11/02/2012 - 14:41 | 2942134 Rathmullan
Rathmullan's picture

God d*mn it Kevin!!! F*ck the index, your job this afternoon is to keep aapl above $580!!!!

Fri, 11/02/2012 - 14:41 | 2942135 scatterbrains
scatterbrains's picture

Where my I-crack niggas at ?

Fri, 11/02/2012 - 14:42 | 2942142 sandhillexit
sandhillexit's picture

Not a word about the old couples in high rise buildings?  Fearful, no heat, food, diesel for the elevator. Problems are not all on Staten Island.  Scandal that the National Guard is not going building by building.  

Fri, 11/02/2012 - 14:53 | 2942174 Village Smithy
Village Smithy's picture

There is a marathon to organize ya know.

Fri, 11/02/2012 - 15:08 | 2942259 walküre
walküre's picture

Yes. I've said immediately after Sandy took out all the power there, that it cannot be restored quickly. This is not a walk in the park. Not a "back to normal" or "back to business as usual" in a matter of days circumstances. NY or not. This has nothing to do with a busy city and a supposedly very resilient population!

All non-essential business should have been shut down. Including the markets. At least this week. Setup distribution centers for food and so on everywhere in the city with the National Guard. Keep all non-essential traffic out of the city. Cancel the marathon. Give people a chance to figure out what just happened and let them restore some semblance of a normal life.

But the air up there in the Park Avenue penthouses is pretty nice.

I have never seen a worse case of total mismanagement and lack of leadership then in these past few days. Just like everywhere else, there is no backbone and no determination to put people in their place and stop the world for a few days so that a job can get done properly.

I have seen alleged 3rd world shit holes being managed better in times of crisis.

Fri, 11/02/2012 - 15:54 | 2942491 JLee2027
JLee2027's picture

Who defines non-essential? Do you really trust those bastards in Government? That was your mistake.

Fri, 11/02/2012 - 19:12 | 2943187 blunderdog
blunderdog's picture

    Setup distribution centers for food and so on everywhere in the city with the National Guard. Keep all non-essential traffic out of the city.

There were food distribution centers set up almost immediately, but lots of folks without power didn't know, because they didn't have effective access to the information. 

And the "non-essential" traffic really did stay out of the city anyway, just because no one wanted to fight the gridlock and waste the gas.

It would've been a SERIOUS mistake for government to shut down "non-essential" businesses.  A lot of places which were lit by candles/flashlights were the only options available to people who hadn't prepared properly. 

It's far better to let folks do what they can in a case like this--no centralization is going to do a better job than 8 million folks thinking on their feet.  And believe what you like, but thinking on our feet is something most NYC'ers are pretty good at.  It's a complex and unpredictable place.

Fri, 11/02/2012 - 15:22 | 2942349 youngman
youngman's picture

I think the old folks know how to survive..its the 22 year old kid who has been raised on only video games and texting that will not be able too...

Fri, 11/02/2012 - 15:55 | 2942494 JLee2027
JLee2027's picture

Yes. But I thought they lived at home until 35 or so these days.

Fri, 11/02/2012 - 19:15 | 2943192 blunderdog
blunderdog's picture

The old folks were fucked worse because of lack of mobility.  Stuck in a dark high-rise with knees that won't get you down or up 25 flights of stairs.

No one who's even *moderately* healthy will have a serious problem from fasting for a week or so.  This is worth knowing.

Fri, 11/02/2012 - 14:43 | 2942153 Ness.
Ness.'s picture

The power must be out at Kevin's house - he's done slept through his alarm.  

Fri, 11/02/2012 - 14:44 | 2942156 Yen Cross
Yen Cross's picture

eur/usd 200day (@) 1.2828. Getting ready to be taken out.

Fri, 11/02/2012 - 15:35 | 2942170 Zero Govt
Zero Govt's picture

"Time for the iPad Mini Magnum launch... or maybe even the maxiPad."

I'm still waiting for the Android-Profit-Centre model are jittery GOOn shareholders

then there's GOOfy's rushed re-hash of the once popular but now declining Ad-Rev model, they're gettin a bit desperate having to flog the new product with sub-prime finance ...already jittered GOOn shareholders are tearing their hair out at what's around the coroner, sorry corner 

Future's lookin good (gulp!)

the Android-Maxi-Loss model will have to continue on in its glossy blood-red uber-low-rent plastic case awaiting for the long delayed (no ETA yet?) Android 'don't hold your breath for' Profit model, Reggie's already hiding underwater (is that drowning?) on this one holding his

Sorry, what was that about Apple?

Fri, 11/02/2012 - 16:18 | 2942588 Spastica Rex
Spastica Rex's picture

Barely intelligible -1

Fri, 11/02/2012 - 20:25 | 2943310 Manic by Proxy
Manic by Proxy's picture

Your in error their. You should of said "Bearly intelligible". Their, fixed it four ya.

Fri, 11/02/2012 - 14:55 | 2942205 youngman
youngman's picture



Colombian financial regulator declared that it will take control of the country's biggest brokerage firms, Interbolsa on Friday.

The brokerage firm executes one third of the daily operations on Colombia's stock exchange however the firm disclosed on Thursday November 1st that it had ''temporary liquidity constraint'' however it continues to operate normally in the immediate future.

The problems caused shares in the firm to drop 30% to 53 U.S. cents however the Colombian market regulator, the Autorregulador del Mercado de Valores (AMV) assured the public that the 50 thousand clients resources were not at risk.

The AMV will make it's decision with in two months as to whether the firm is available for liquidation, with the possibility of another couple of months.

Yesterday, in a statement, Interbolsa said: "The Exchange brokerage firm faces a temporary liquidity constraint against which, responsibly, and proactively, is exploring all alternatives available to address this situation."

Despite Interbolsa been part of a larger group under the same name including insurance and investment branches throughout the Americas the AMV claims the move will only affect the stock brokerage firm.

Trade on the Colombian stock market has suspended for 5 days after the AMV's announcement, due simply to the size of the firms customer base.

Fri, 11/02/2012 - 16:05 | 2942213 Village Smithy
Village Smithy's picture

Bottom is in for the day, sellers will wait for the ramp up to yesterdays' close then fade tons while Kevin buys everything to hold a green close.

4:03 UPDATE: Wow, missed that call, who da thunk!

Fri, 11/02/2012 - 15:28 | 2942382 Yen Cross
Yen Cross's picture

I think the deat cat forgot to bounce...

Fri, 11/02/2012 - 15:54 | 2942490 kralizec
kralizec's picture


Fri, 11/02/2012 - 15:57 | 2942498 JLee2027
JLee2027's picture



Sheet. Dick Bove is gonna need a bigger bailout to say employed.

Fri, 11/02/2012 - 16:00 | 2942522 RangerRiley
RangerRiley's picture

This is just the iPlunge Mini...

Fri, 11/02/2012 - 16:25 | 2942615 jomama
Fri, 11/02/2012 - 16:59 | 2942740 Tenshin Headache
Tenshin Headache's picture


Fri, 11/02/2012 - 17:16 | 2942822 OldE_Ant
OldE_Ant's picture


Where is John Wayne to corral that little shit.  Bens at the bar drinking a cool Gin and NY subway tonic water.  And while Ben wets his whistle the USD up, PMs and virtiually all commodities and stocks down.   But hey we arn't even close to that 1400 S&P yet to everything is perfectly fine.

Giddyup little gal, or is that giddy down.

I never like to laugh when people are losing money.  But anyone buying AAPLinto these nose bleed levels and all the press regarding everyone piling in long was begging to be sheared.   I guess no-one noticed GOOG was just about to push $700/shr as well.

Who would have thunk GOOG could out shine AAPL.  But then again I still like the shine on my shineys and the smell of MREs in the morning.  AaarrrrrrR matey.

Fri, 11/02/2012 - 19:59 | 2943269 Manic by Proxy
Manic by Proxy's picture

"maxiPad" -now that's bloody funny. I laugh. I cry. I exsanguinate.

Fri, 11/02/2012 - 20:05 | 2943280 Defcon1980
Defcon1980's picture

AAPL did not lose its 200 EMA. That is pretty much exactly where it closed. Roughly $575.


Sat, 11/03/2012 - 06:13 | 2943815 FubarNation
FubarNation's picture

Two week wait for my ATT iphone 5 - still isn't here (old one dove into a cup of coffee - don't ask).  They need to get their shit together.  Might help sales.  I hope no one died making my phone.

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