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Falling AAPL Ends Nasdaq Anti-Gravity Streak

Tyler Durden's picture




 

When your best AAPL pump just isn't good enough...

 

Here is the only chart that matters... AAPL's ~3% drop today may not be the AAPLocalypse for your average high beta muppetry stock, but for a nation of day traders - this is the 2nd biggest non-earnings day drop in 6 months for AAPL.. and yes it's only dropped to Friday levels but its really all relative...

 

The tumble in AAPL (and the broad market) appeared to occur as Crude oil accelerated nonsenically into the NYMEX close - breaking the high correlation between the two assets...

 

Despite a late day panic buying scramble to get Nasdaq green, it ended its streak today...

 

From the start of Yellen's testimony yesterday, stocks are  higher - thanks to the meltup in the last few mins...

 

and bonds are 10-12bps lower

 

The US Dollar limped lower today (modestly lower on the week) led by CAD and GBP strength)... down 0.5% from the start of Yellen's testimony

 

 

Silver gained notably on the day, gold less so alonmg with copper but crude's idiotic meltup mimics the same runs we have seen in other commodities this week\

 

Yeah it was deja vu all over again in the oil patch... huge builds, record production, Saudi commenbts discounted early and record inventories... BUY BUY BUY...

 

Charts: Bloomberg

Bonus Chart: Consider...

 

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Wed, 02/25/2015 - 17:08 | 5828584 SethDealer
SethDealer's picture

buy more iphones

Wed, 02/25/2015 - 17:12 | 5828608 Dizzy Malscience
Dizzy Malscience's picture

Newton’s spirit was wondering if he got it wrong there for a while.

Wed, 02/25/2015 - 17:14 | 5828613 HonkyShogun
HonkyShogun's picture

Newton lost much of his fortune in the South Sea bubble. How is that for irony?

Wed, 02/25/2015 - 17:27 | 5828663 NoDebt
NoDebt's picture

I sense a great disturbance in The Force.

Wed, 02/25/2015 - 17:49 | 5828751 lordylord
lordylord's picture

"I sense a great disturbance in The Force."

You spelled farce wrong.

Wed, 02/25/2015 - 17:39 | 5828711 1fortheroad
1fortheroad's picture

They still sell brand new in the box, never been used Iphone 4S on Ebay.

 

Thats some back inventory their!!

 

 

 

Wed, 02/25/2015 - 17:43 | 5828729 HedgeAccordingly
HedgeAccordingly's picture

top 10 hedge fund holding.. all run for doors at same time.

 

http://hedgeaccordingly.com/2015/02/goldman-apple-inc-once-again-the-hed...

Wed, 02/25/2015 - 18:24 | 5828900 dimwitted economist
dimwitted economist's picture

i bought some silver today... i am so stupid! 

Wed, 02/25/2015 - 21:02 | 5829442 SuperVinci
SuperVinci's picture

At least you can still fix your mistake and trade for Gold which is far more efficient anyway.

Wed, 02/25/2015 - 17:13 | 5828594 Dungholio
Dungholio's picture

Buy moar magic beans

Wed, 02/25/2015 - 17:11 | 5828606 HonkyShogun
HonkyShogun's picture

Buy moar gay hipster "technology"

Wed, 02/25/2015 - 17:13 | 5828611 davidalan1
davidalan1's picture

Falling appl proves there IS gravity - Sir Isaac Newton

Wed, 02/25/2015 - 17:31 | 5828678 max2205
max2205's picture

CRM is taking over zillion PE 

Wed, 02/25/2015 - 17:50 | 5828757 Squid Viscous
Squid Viscous's picture

lol, guidance wasn't terrible so let's jack it up 12%... insanity

Wed, 02/25/2015 - 18:16 | 5828850 disabledvet
disabledvet's picture

Insanity is trying to compete with that actually.

 

The folks in that business are laughing all the way to the Bank.  What are you doing?

Wed, 02/25/2015 - 17:13 | 5828612 FreeShitter
FreeShitter's picture

Get a subprime loan. Fuck it.

Wed, 02/25/2015 - 17:44 | 5828652 Thirst Mutilator
Thirst Mutilator's picture

Let's clear up some space here on this thread. So ~ to synthesize the last 4 comments.

 

Buy some magic beans, shove 'em up your ass, come out of the closet & take out a subprime loan to buy a love nest with your new lover Isaac Newton whose fantasy is having an apple stuck in his mouth while he's talking it in the ass on your South Seas honeymoon...

 

Did I get that right? FAPPLE to the moon bitchez BTFD! It has the Goldman & Gartman seal of approval & they're never wrong!

Sincerely,

Honky Free Shitter

Wed, 02/25/2015 - 17:15 | 5828620 random999
random999's picture

I wish I didnt ban apple from my home 10 years ago.

Now I´m not allowed to buy an incredible iphone with a new lightning connector and iris..siri...ah you know what i mean! =(

Wed, 02/25/2015 - 17:15 | 5828621 Squid Viscous
Squid Viscous's picture

Time to refute the "Tim Cook has AIDS" rumors again?

Wed, 02/25/2015 - 17:17 | 5828634 Oldwood
Oldwood's picture

But why would they let it do that? Are they creating a buying opportunity?

Wed, 02/25/2015 - 17:18 | 5828640 Keltner Channel Surf
Keltner Channel Surf's picture

With volume so pathetic on any Fed-related days lately, it seems the 'goosing' algos always win out, with none of the regular players here in numbers to check them, so it will be interesting to see what happens tomorrow morning, and if we get a more severe down NASDAQ day, or if the meltup continues.

Wed, 02/25/2015 - 17:19 | 5828641 Traderone
Traderone's picture

Once you get any type of stretch below VWAP then just buy the fucking thing coz the algos will ramp it back.

Wed, 02/25/2015 - 18:38 | 5828959 glenlloyd
glenlloyd's picture

Yep, that's really all there is to it apparently, If < VWAP, BUY otherwise SELL.,

Wed, 02/25/2015 - 17:19 | 5828645 Duc888
Duc888's picture

 

 

 

Ha.  phuck u ifags.  Oh, and thanks NSA.

Wed, 02/25/2015 - 17:27 | 5828660 Hohum
Hohum's picture

New high for the Dow! (I like to be positive.)

Wed, 02/25/2015 - 17:27 | 5828665 I am a Man I am...
I am a Man I am Forty's picture

"Yes, it's only down to Friday's levels but it's all relative"  I have no idea what this means.  Apple is down a few percent from all time highs, so relative to what?  if you bought it two days ago??

Wed, 02/25/2015 - 17:32 | 5828685 NoDebt
NoDebt's picture

Two days?  Are you some kind of long term investor or something?  Nobody holds a stock that long any more.

Wed, 02/25/2015 - 17:40 | 5828718 Squid Viscous
Squid Viscous's picture

congrats on your huge AAPL gains, now please go away or add something funny, or insightful, or ... anything except your usual look at me, AAPL is so awesome!

Wed, 02/25/2015 - 18:20 | 5828874 disabledvet
disabledvet's picture

Amazon is awesome, Netflix is awesome, Cisco is awesome, Facebook is awesome, Freddies Motor Weiner's IPO is awesome.

 

Did I miss any?

Wed, 02/25/2015 - 17:28 | 5828666 I am a Man I am...
I am a Man I am Forty's picture

double post

Wed, 02/25/2015 - 17:28 | 5828667 I am a Man I am...
I am a Man I am Forty's picture

triple post......sooooooorrreeeeeeey

Wed, 02/25/2015 - 20:25 | 5828687 nakki
nakki's picture

APPL volume more than SPY for third day in a row. Better buy the dip, NASDAQ down .02 %, "blood in the streets" kind of "once in a generation" chance to "get in on the ground floor" because there's a "lot of money on the sidelines" Investment.

Wed, 02/25/2015 - 17:42 | 5828726 Consuelo
Consuelo's picture

Can somebody please fix the Unicorn in the photo caption so that the rainbows & skittles are flying out the proper end of the animal - as in the explosive shitting vareity...?

Thanks kindly -

 

 

Wed, 02/25/2015 - 17:50 | 5828754 R19
R19's picture

I bought my cat an iPhone.

Wed, 02/25/2015 - 17:53 | 5828763 The Bell Rang
The Bell Rang's picture

The closing ( melt up ) was simply an abc up to a small 2 position. Look for a small gap down in the a.m. to kick things off. All in my best guesstament.....

Wed, 02/25/2015 - 18:13 | 5828836 orangegeek
orangegeek's picture

aapl off the chinese gubbamint list

 

LMFAO!!!!

 

MOAR BULLISH STUFF!!!!

Wed, 02/25/2015 - 18:18 | 5828858 nailgunnin4you
nailgunnin4you's picture

AAPLocalypse

 

We would prefer AAPocaLypse

Wed, 02/25/2015 - 18:24 | 5828896 czarangelus
czarangelus's picture

How quickly the Buy the Fucking Dip bears get forgotten.

Wed, 02/25/2015 - 19:41 | 5829153 Downtoolong
Downtoolong's picture

It’s cross market share cannibalism in play. In response to AAPL’s announcement it will be developing electric cars, Tesla has retaliated with plans for a 350 hp smartphone that will go 0-60 in 3.48 seconds.

Wed, 02/25/2015 - 20:45 | 5829373 medium giraffe
medium giraffe's picture

iBTFD.

Wed, 02/25/2015 - 21:00 | 5829432 LooseLee
LooseLee's picture

Yes. Time to build electric vehicles with oil going to $20/barrel. Same logic used by most Americans anyway. Fools always fall in line like pigs to the slaughter. The level of ignorance in the human race is utterly fantastic and deeply sorrowful...See Jim Cramer et. al.

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